Bloomberg Law
May 11, 2023, 8:15 PM

Cannabis Platform Dutchie Hit With Lawsuit Over LeafLogix Deal

Mike Leonard
Mike Leonard
Legal Reporter

Dutchie, which runs a tech platform for pot dispensaries, is facing litigation in Delaware over its acquisition of cannabis-related software maker Leaf Logix Technologies Inc.

The lawsuit accuses Dutchie of deploying trumped-up legal claims to justify holding back payments from former investors in LeafLogix. It also claims Dutchie—identified by its corporate name, Courier Plus Inc.—is using share valuation tricks to drive down the price of the cash-and-stock transaction.

The allegations echo a recurring theme in Delaware’s Chancery Court, where judges sitting without juries specialize in business disputes that can have blockbuster stakes thanks to Delaware’s status as home to 60% ...

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