A former part owner of a failed venture sued the venture’s former CEO, Paul Smith, alleging he misappropriated trade-secret hemp strains, selling them to a Canadian cannabis company for nearly $4 million.

In its September 21, 2020 complaint, Big Wuf Enterprises, LLC and its principal, W. John Short, allege their former venture, YCG Holdings LLC, owned the trade-secret hemp strain “Relief Now” as well as its trademark, equipment, and other assets. Big Wuf asserts that YCG was formed by Big Wuf, JP Consulting, and the non-party Kelly Martin.

Read the full article on our sister blog Trade Secret Tracker.