Windfire, Massey sued over marijuana growing space
2014-05-01 12:06 ET - Street Wire
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by Mike Caswell
A dispute over a growing site for medical marijuana has landed in the Supreme Court of British Columbia. Windfire Capital Ltd. and its president, Clive Massey, are defendants in a lawsuit filed by a private company over a space in Osoyoos, B.C. The private company, Phytotron Pharmaceuticals Inc., claims that Windfire and Mr. Massey usurped a lease it had on a suitable growing site.
The allegations are contained in a brief notice of claim that Phytotron filed on Tuesday, April 29, at the Vancouver courthouse. Phytotron identifies itself as a company incorporated to produce medical marijuana. The lawsuit stems from Phytotron's efforts to secure suitable premises to grow marijuana in 2013. The company claims that it had assembled a group to help it search for such a space, with the group including Mr. Massey as well as a retired RCMP officer and a botanist.
Phytotron says it was able to find a growing site in Osoyoos in November, 2013, and it reached a verbal agreement for a three-year lease. The rent was to be $13,000 per month and the lease was to begin on May 1, 2014. After arranging the lease, Phytotron delivered an application to grow medical marijuana to the federal government, listing the Osoyoos site as an appropriate space, the suit states.
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Is it too late for puns?
Up in smoke?
Snake in the Grass?
This buds for you - NOT?
Don't Bogart that joint?
Posted by Backseat Driver at 2014-05-01 13:23
It's all about the money. Take a look at an article on Mayo Clinic concerning the dangers of so called " Medical" marijuana, when used by the young. Should I have said Medical Poison, capable of damagaing the developing brains of these young, quite possibly forever, as described also in countless studies going back at least twenty years?
But all that don't matter, do it? Just follow the Medical Pot Myths, and consign your kids to a bit of hell on earth-but of course, who gives a damn, when so much moolah beckons the colded heartless.
Posted by Dave at 2014-05-01 14:37
Windfire says private firm already dropped pot lawsuit
2014-05-01 17:56 ET - News Release
Mr. Clive Massey reports
WINDFIRE CLARIFIES STOCK WATCH PRESS REPORT
Windfire Capital Corp. would like to clarify the news reported in Stockwatch on May 1, 2014. Windfire previously secured a building lease as a prerequisite to exploring a possible transaction with a private company in the medical marijuana industry. Windfire advanced a $36,000 deposit to secure the building in the event that a transaction materialized. However, the parties never reached a final agreement in principle, and all discussions have ceased. The litigation reported by Stockwatch was dismissed on April 30, 2014, one day after it was commenced. The lease was assigned to the private company after Windfire was reimbursed for its $36,000 deposit on the lease.
Windfire continues to work on other opportunities in the medical marijuana sector where such activity is licensed and/or permissible North America-wide. When and if an agreement in principle is reached to complete a change-of-business transaction in the medical marijuana industry, full details will be provided in accordance with TSX Venture Exchange policies.
We seek Safe Harbor.
Posted by News Wire at 2014-05-01 18:44
gee
the stock market is 'all about the money'
thanks 'dave'
duh
Posted by birdcat at 2014-05-01 23:27
stockwatch staff prove once again they don't check facts
or even bother to call and interview people
in real media its called 'rip and read'
this is a one horse town with a one horse so called 'news' service. its not news its simply copied from others actual efforts and reprinted verbatim
the stockwatch crew have no competition to cause them to actually attempt newsgathering or reporting
Posted by birdcat at 2014-05-01 23:31
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