CBD Seller’s ‘Pivot’ to N-95 Masks Draws SEC Suit for Ex-CEO (1)

Tree of Knowledge International Inc.’sformer chairman and chief executive allegedly misled investors to believe that his company would procure three million N-95 masks for a hospital early in the Covid-19 pandemic, according to a suit filed by the Securities and Exchange Commission.

Michael Caridiand his company, which previously sold CBD products and ran pain management clinics, allegedly received nearly $13.7 million from the hospital to distribute the personal protective equipment, the complaint filed Sept. 22 in US District Court for the District of Connecticut says.

Ultimately, Tree of Knowledge allegedly procured zero N-95 masks for the hospital and ...