$4 million award to El Salvador CBD business upheld in dispute with Florida company

 

A U.S. appeals court has upheld a $4 million judgment in favor of an El-Salvador based CBD oil supplier that accused its Florida distributors of breach of contract.

Hemo Industry Daily reports…

The decision Tuesday from the 11th Circuit Court of Appeals affirmed a decision from an arbitration panel the ruled in favor of Cromogen Biotechnology Corporation an all issues and awarded the $4 million judgment.

El-Salvador-decision

Cromogen entered into a distribution agreement on June 2014 with Earth Science Tech Inc., a company that distributes CBD-rich hemp oil throughout the U.S., according to the court. It took just months for their relationship to sour, according to the court, and each side filing breach-of-contract claims.

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$4 million award to El Salvador CBD business upheld in dispute with Florida company

 

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Originally posted on $4 million award to El Salvador CBD business upheld in dispute with Florida company via Cannabis Industry News