Jacob Redmond
Well-Known Member
Franwell, a company behind Colorado's tracking system for marijuana plants, has accused a competitor of deceptive business practices.
Lawyers for Lakeland, Florida-based Franwell say BioTrackTHC, based in Fort Lauderdale, lies in publicity material and lies about Franwell in the media and communications to state regulators.
The purpose, according to documents filed by Franwell in federal court May 11, is to interfere with Franwell's $1.5 million Colorado contract and to sway officials to choose BioTrack for a competitive contract in Jamaica.
The tussle reveals growing competition in America's blooming marijuana industry and reminds businesses and investors they must especially vet claims for truth, as with any emerging industry.
Representatives from BioTrack, which made a similar system used by Washington state and New Mexico, deny Franwell's accusations.
"We believe the case is without merit, we strenuously deny the claims made against us and we shall vigorously defend ourselves in any court of competent jurisdiction," BioTrack general counsel Barry Gainsburg said.
News Moderator: Jacob Redmond 420 MAGAZINE ®
Full Article: Franwell, company that tracks Colorado marijuana plants, sues rival BioTrackTHC - Denver Business Journal
Author: Wade Tyler Millward
Contact: wmillward@bizjournals.com
Photo Credit: Michael Pollick
Website: Business News - The Business Journals
Lawyers for Lakeland, Florida-based Franwell say BioTrackTHC, based in Fort Lauderdale, lies in publicity material and lies about Franwell in the media and communications to state regulators.
The purpose, according to documents filed by Franwell in federal court May 11, is to interfere with Franwell's $1.5 million Colorado contract and to sway officials to choose BioTrack for a competitive contract in Jamaica.
The tussle reveals growing competition in America's blooming marijuana industry and reminds businesses and investors they must especially vet claims for truth, as with any emerging industry.
Representatives from BioTrack, which made a similar system used by Washington state and New Mexico, deny Franwell's accusations.
"We believe the case is without merit, we strenuously deny the claims made against us and we shall vigorously defend ourselves in any court of competent jurisdiction," BioTrack general counsel Barry Gainsburg said.
News Moderator: Jacob Redmond 420 MAGAZINE ®
Full Article: Franwell, company that tracks Colorado marijuana plants, sues rival BioTrackTHC - Denver Business Journal
Author: Wade Tyler Millward
Contact: wmillward@bizjournals.com
Photo Credit: Michael Pollick
Website: Business News - The Business Journals
