Former owners of a Pennsylvania medical marijuana business defrauded their partner and owe her $24.5 million, a Philly judge ruled
Hexter alleges in legal filings in the Philadelphia Court of Common Pleas that Ilera Healthcare’s former-CEO Greg Rochlin used credit lines from the successful medical marijuana operation in Pennsylvania to expand into Louisiana in 2018. Rochlin and other Ilera executives, including then-chief financial officer Lisa Gray, told Hexter that she didn’t
Rochlin told Hexter that the smaller percent of Louisiana operation was worth more than her Pennsylvania stake, Hexter’s lawyers said in a legal filing. She claims she was told that the company was valued at $59 million, but it was sold for much more not long after.
But lawyers for the defendants said in court filing that Hexter was looking to deepen her partnership with the owners of Ilera’s Pennsylvania operation, who invited her into their Louisiana venture. And they contend Hexter is an expert in medical marijuana with experience filing more than a dozen license applications.