Wrigley Heir, Cannabis Co. wants investor fraud lawsuit dropped

By Sarah Jarvis (June 22, 2022, 8:21 p.m. EDT) – Cannabis operator Parallel and its former CEO, who is also heir to the Wrigley chewing gum fortune, have asked a federal court in Florida to sue in court demanding at least $25 million in damages for an alleged securities fraud, arguing that it is “not a case of fraud but of disappointed investors”.

William “Beau” Wrigley Jr., Georgia-based Parallel and other defendants said in a joint motion to dismiss filed Tuesday that plaintiffs – TradeInvest Asset Management Co. (BVI) Ltd., First Ocean Enterprises SA and Techview Investments Ltd. . liberties with the facts. In fact, “it’s no secret” that Parallel…

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