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Monday, 04/01/2024 3:20:25 PM

Monday, April 01, 2024 3:20:25 PM

Post# of 21934
There is a post on Stocktwits that someone said "It also isn't true that all mortgage companies have to approve marijuana facility use in all instances."

I have no earthly idea what they are talking about. They clearly did not read nor listen to the depositions of Michael Feldenkrais or Teresita Otero (the corporate representative) from TNT Real Property (the mortgage company).

It was clearly stated (said in court) that TNT Real Property testified that Feldenkrais had never notified them he leased the property to Fluent to grow marijuana AND that it had remained steadfast about the mortgages prohibition against growing marijuana as well as refusing to remove the prohibition when Feldenkrais proposed subleasing the facility to a grower of medical marijuana.

How much clearly does that get? It was an illegal act.

Then this person goes on to say,"Obviously no one here is privy to the specifics of the mortgage (but they are public through the local recorder in my state) so jumping to such a bearish conclusion is anything but objective."

CIGN is suing Fluent for breach of the leasing contract but in turn CIGN breached the contract by having a lease agreement in the first place with Fluent!

How can Fluent's lease at the same time there was a mortgage contract that prohibited a lease with a medical marijuana grower with CIGN be valid?

The damages stated by Feldenkrais never made much sense to me.

$1.6 million in damages but looking for $18 million? It always seemed high as he was looking to score so he could pay off the mortgage and get rid of the prohibition.

It was also always strange that he kept putting up the greenhouse for sale.