Portland CBD producer Sentia Wellness is facing a $2.2 million lawsuit over allegations that it withdrew from an agreement to purchase Italian chocolate manufacturing equipment.
Sentia was founded by former executives of the controversial Portland recreational cannabis company Cura Cannabis, raised $91 million, and hired 150 employees when it was founded in September last year. Sentia sells its products under the Social CBD brand.
However, the company laid off more than 30 employees in February, and despite raising a lot of funds, its prospects seem to be increasingly uncertain.
CBD is cannabidiol, derived from hemp. Although CBD does not contain psychoactive ingredients in hemp, CBD lovers believe that it has properties that improve health and well-being.
However, the US Food and Drug Administration (FDA) issued guidelines in November prohibiting companies from selling CBD as a dietary supplement.
According to a lawsuit filed by the Italian company TSW Industries against the company, this frustrated Sentia’s CBD-infused chocolate plan. TSW accused the Portland company of breaching the contract and stated that Sentia still owed its chocolate production equipment 1.9 million euros, or about 2.2 million US dollars.
TSW filed a complaint in the Multnomah County Circuit Court last week. Sentia did not immediately respond to a request for comment.
After Sentia sought to cancel the lease agreement for its 15,000-square-foot headquarters in Portland’s Pearl District, Sentia sued Epphaven Property, a commercial real estate company, in June.
In a complaint also filed with Multnomah County, Centia said that the FDA’s November ruling and the impact of the coronavirus pandemic on office work constituted “a series of unexpected events that made the commercial leases of both parties become Impractical, if not impossible.”
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Post time: Aug-13-2020
