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December 21 2023,
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PARTNER ALLEGES "ILLEGAL ACTIVITIES" AND "SELF-DEALING" AT STIIIZY
Stiiizy’s CFO and controller recently resigned rather than sign auditor letters that “falsely claimed” co-founders Tony Huang and Samuel Cho were not involved with the company, alleges a lawsuit filed by one of Stiiizy’s partners.
The allegation is one of many in an August complaint filed in LA County by Raquel Origel, a former Stiiizy director who co-owns two Stiiizy dispensaries in San Bernardino. It alleges that Stiiizy and related entities “diverted all the [stores’] profits to itself”, repeatedly breached their operating agreements and participates in the unlicensed market.
Stiiizy president Tak Sato previously told WeedWeek that the company “has absolutely zero connection to any unlicensed stores or sales.”
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