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Glass House Brands has announced the voluntary dismissal of its defamation lawsuit against Catalyst Cannabis.
The decision is based on concerns about Catalyst’s financial stability and potential harassment of Glass House's customers.
Glass House accused Catalyst of defamation, claiming Catalyst's statements about Glass House selling into the unlicensed cannabis market were unsubstantiated.
Despite a promising outcome, Glass House cited Catalyst's recent financial instability, including layoffs and store closures, as key reasons for withdrawing the suit.
Additionally, Catalyst's CEO admitted to tax underpayments and is facing multiple litigations, including an audit by the State of California.
Glass House emphasized that its operations are entirely legal, involving only licensed customers, and chose to protect its customers from potential harassment.
