Investors in a failed Portland CBD startup have resolved a bitter legal dispute with the company's founder and former executives, new court filings reveal. They accused each other of wrongdoing in a series of business transactions related to Oregon's marijuana industry.
The legal battle pitted Boris Jordan, a wealthy Florida investor with ties to the Russian oligarch, and Nitin Khanna, a scandal-plagued Portland marijuana entrepreneur. Although the parties have not disclosed the terms of the settlement, it appears that a saga dating back more than a decade has come to an end.
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Curaleaf: Based in Massachusetts, Curaleaf is one of the nation's largest marijuana companies. The company acquired Portland-based Cura Cannabis in 2020 in an all-stock transaction valued at $400 million at closing.
Cura Cannabis: A Portland-based marijuana company that emerged from Lake Oswego real estate scam Iris Capital. Nitin Khanna served as CEO until 2018 and Chairman until 2020, when Cura was sold to Curaleaf. Curaleaf's chairman and founder is Boris Jordan, an American billionaire who helped privatize state-run industries after the collapse of the Soviet Union.
Sentia Wellness: The Portland CBD company spun out of Cura Cannabis raised $91 million ahead of its launch in 2019, but most of it closed due to changing regulatory conditions and the COVID-19 pandemic. It soon went bankrupt. The company sold its Social CBD brand in 2021. Mr. Khanna was Sentia's CEO, and Mr. Jordan was one of Sentia's financial backers.
