Parent company of embattled CBD firm files for bankruptcy


A land-development company that includes an Arizona CBD firm battling investor fraud claims has filed for federal bankruptcy protection.

Integrated AG is a private equity investor that redeveloped farmland in the western U.S.

Integrated AG, parent company of Integrated CBD, filed for Chapter 11 bankruptcy protection on Jan. 20 and disclosed over $20 million in outstanding debt, the Phoenix Business Journal reported.

Its subsidiary Integrated CBD was sued last fall, accused of bilking investors of millions of dollars and getting an emergency pandemic-relief loan while the business owners used the money to buy a private jet and fund other lavish expenses.

Integrated CBD is listed as a co-debtor in the Integrated AG bankruptcy filing.


Source link

Medical Disclaimer:

The information provided in these blog posts is intended for general informational and educational purposes only. It is not a substitute for professional medical advice, diagnosis, or treatment. Always seek the advice of your physician or other qualified healthcare provider with any questions you may have regarding a medical condition. The use of any information provided in these blog posts is solely at your own risk. The authors and the website do not recommend or endorse any specific products, treatments, or procedures mentioned. Reliance on any information in these blog posts is solely at your own discretion.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like