DionyMed Subsidiary Sues to Cease Eaze Credit score Card Processing
TORONTO, June 05, 2019–(BUSINESS WIRE)–Herban Industries CA LLC (“Herban”) as we speak filed swimsuit within the California Superior Court docket for the County of San Francisco towards Eaze Applied sciences, Inc. (“Eaze”) in search of an injunction to halt Eaze’s processing of credit score and debit playing cards by its web site and app. Herban is a wholly-owned subsidiary of DionyMed Manufacturers Inc. (“DionyMed” or the “Firm“) (CSE: DYME; OTCQB: DYMEF), a multi-state cannabis manufacturers, distribution and direct-to-consumer supply platform. The grievance alleges that “to achieve an unfair aggressive benefit within the California cannabis supply market, Eaze is directing, coordinating, and collaborating in a scheme to defraud bank card firms and monetary establishments into processing cannabis transactions in violation of a bunch of prison legal guidelines,” together with prohibitions towards wire fraud and financial institution fraud. The grievance alleges Eaze carries out this conspiracy utilizing offshore fee processors and a collection of shell firms to hide the cannabis nature of card purchases made on its platform. As aid, the grievance seeks an injunction to halt Eaze’s credit score and debit card processing and an finish to its unfair competitors towards Chill, DionyMed’s direct-to-consumer platform.
Based in 2017, DionyMed is a multi-state cannabis manufacturers platform, supporting cultivators, producers and award-winning manufacturers within the medical and grownup use cannabis markets. DionyMed sells branded merchandise in each class from flower to vape cartridges, concentrates and edibles. DionyMed serves cannabis shoppers by retail dispensary distribution and direct-to-consumer success with its rising portfolio of award-winning manufacturers. Study extra at dionymed.com and comply with @DYME_Inc on Twitter and LinkedIn.
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