SEC Accuses California Company of Misrepresenting Patent Status of Cannabis Pill
This suit was surfaced by Law.com Radar. Read the complaint here.
September 29, 2021 at 05:28 PM
1 minute read
The U.S. Securities and Exchange Commission sued California-based cannabis company C3 International Inc., CEO Steele Clarke Smith III and C3 President Theresa Smith Tuesday in California Central District Court over alleged violations of federal securities laws. The lawsuit accuses the defendants of defrauding investors out of approximately $2 million and making false statements regarding C3′s cannabis pill Idrasil. Lawyers have not yet appeared for the defendants. The case is 8:21-cv-01586, U.S. Securities and Exchange Commission v. C3 International, Inc. et al.
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