Two Marrone Bio Innovations Products Approved for Sale in Canada

A shareholder entity in MedMen’s publicly traded empire—and a direct subsidiary of MedMen—is now suing the company and its two top executives, CEO Adam Bierman and President Andrew Modlin. The civil complaint, filed Jan. 8 in the Superior Court of the State of California in Los Angeles, alleges a complicated breach of fiduciary duty and a recorded pattern of Bierman and Modlin rewarding themselves to the detriment of other shareholders in the company.

As the lawsuit describes the fundamental characteristics of the company: “[B]eneath the MedMen veneer is a complex web of interconnected subsidiary entities, virtually all of which are directly managed, directed, controlled and owned by Bierman and Modlin, and all of which always pursue the best interests of Bierman and Modlin, rather than the best interests of any stakeholder or entity. It is that perverse interconnectedness and rampant, brazen self-dealing that renders the actions of Bierman and

... read more at: http://www.cannabisbusinesstimes.com/article/marrone-bio-innovations-products-approved-canada/

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