GRAND RAPIDS — The cannabis entrepreneur planning a marijuana business park in Grand Rapids is involved in a series of legal challenges related to his Missouri company.
The suits brought by investors and other cannabis businesses raise potential credibility concerns about Jack Mitchell, a principal investor in HWY35. But Mitchell denies the allegations, and the local entities funding Mitchell’s Minnesota endeavor — including the city of Grand Rapids and the state Department of Iron Range Resources and Rehabilitation — say safeguards are in place to prevent the misuse of loans and tax breaks.
Mitchell filed the first in a series of lawsuits regarding the pending sale of the company in October 2024. BesaMe Wellness, Mitchell’s Missouri company, sued Good Buds LLC, one of its investors, to prevent it from “taking further actions intended to sabotage” the sale of the company and its dispensary business, according to BesaMe’s October court petition.
Good Buds denied the allegations and demanded a jury trial in response.
A month-and-a-half later, a group of investors that includes Good Buds sued Mitchell, alleging he used BesaMe as his “personal piggy bank” and wrongly gave “millions of dollars in advances from BesaMe’s funds” to other businesses of his — including HWY35 — “for Mitchell’s personal gain and self-dealing.”
H/T: www.kaxe.org
