litigation
confidence high
sentiment neutral
materiality 0.50
Verano seeks full trial in Goodness Growth litigation; hearing set for Aug 27-28
Verano Holdings Corp.
- Verano filed Notice of Application to dismiss Goodness Growth's summary trial request, seeking full trial on merits.
- Court set hearing for Verano's application on Aug 27-28, 2024; full trial likely spring/summer 2026 if Verano prevails.
- Verano disputes Goodness Growth's damages claim as baseless, seeks exclusion of damages report; also counterclaims for $14.875M termination fee.
- Verano cites multiple breaches by Vireo (formerly Goodness Growth) as grounds for terminating the Arrangement Agreement in Oct 2022.