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		<title>Bankrupt GenCanna drops suit against MedTerra, calls CBD company ‘long-term partner’</title>
		<link>https://cbddroppers.com/2021/01/06/bankrupt-gencanna-drops-suit-against-medterra-calls-cbd-company-long-term-partner/</link>
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		<pubDate>Wed, 06 Jan 2021 18:31:37 +0000</pubDate>
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					<description><![CDATA[<p>GenCanna, a Kentucky hemp and CBD company that filed for Chapter 11 bankruptcy in February, has dropped a suit against CBD company Medterra for unpaid invoices worth $4.5 million. GenCanna, now known as OGGUSA Inc., had sued Medterra last month, alleging that the latter failed to pay for shipments of CBD extracts and other products</p>
<p>The post <a href="https://cbddroppers.com/2021/01/06/bankrupt-gencanna-drops-suit-against-medterra-calls-cbd-company-long-term-partner/">Bankrupt GenCanna drops suit against MedTerra, calls CBD company ‘long-term partner’</a> appeared first on <a href="https://cbddroppers.com">Hemp &amp; CBD</a>.</p>
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<p>GenCanna, a Kentucky hemp and CBD company that filed for Chapter 11 bankruptcy in February, has dropped a suit against CBD company Medterra for unpaid invoices worth $4.5 million.</p>
<p>GenCanna, now known as OGGUSA Inc., had sued Medterra last month, alleging that the latter failed to pay for shipments of CBD extracts and other products it accepted, Law360 reported.</p>
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<p>The complaint said Medterra was on the hook for more than a dozen unpaid invoices dating back to June 2019. The biggest bill, for a shipment of crystaline CBD, came in at just under $3 million.</p>
<p>The lawsuit was dropped on Dec. 30, court documents show.</p>
<p>According to the Law360 report, GenCanna said the lawsuit was “based on a misconstruction of facts and circumstances” and that the company had resolved the dispute, saying in a statement it would cooperate with Medterra as “long-term partners.”</p>
<p>The company declined to comment further, the report said.</p>
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<p>The post <a href="https://cbddroppers.com/2021/01/06/bankrupt-gencanna-drops-suit-against-medterra-calls-cbd-company-long-term-partner/">Bankrupt GenCanna drops suit against MedTerra, calls CBD company ‘long-term partner’</a> appeared first on <a href="https://cbddroppers.com">Hemp &amp; CBD</a>.</p>
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