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5/2 update: a prior version of this article conflated two different lawsuits. One, reportedly dismissed, didn't involve the shareholders who own a 10% stake in Cookies. The shareholder suit is still active and has not been dismissed.
Cookies Retail Products (CRP), a licensee of the Cookies cannabis and lifestyle brand, has voluntarily dismissed a lawsuit against the company's leaders, including CEO Gilbert Milam Jr. (aka Berner) and president Parker Berling.
Upon discovering new information and context, CRP voluntarily dismissed all suits and claims, expressing regret for any misunderstandings the allegations may have caused. The company has sought to seal and dismiss any allegations to preserve the integrity of the Cookies brand and partnership. CRP has clarified that they are unaware of any unethical behavior by Berner, Berling, or Cookies' management and have never implicated or named Berner in any action.
The CEO and founder of Cookies Retail Products stated, "I have the utmost confidence in Parker, Berner, and the Cookies leadership team and their partners. Certain third parties influenced us to file suit based upon allegations that we learned were not true, so we took immediate steps to rectify the mistake by dismissing the suit." CRP and Cookies have successfully collaborated in the past, building strong connections with consumers and retailers. Both companies have expressed a desire to move forward productively together.
CRP, in partnership with Cookies, has developed and created multiple branding projects that commanded high premiums and provided excellent options for consumers and retailers across the country. As the CBD market continues to grow, both companies are poised to take advantage of the retail scope offered by their retailer groups, who are at the forefront of the impending CBD product explosion.
"CRP is unaware of any unethical behavior by Berner, Berling, or Cookies' Management. In fact, as a matter of record, CRP has never implicated or named Berner in any action nor made any claim that he has ever conducted himself in any manner other than professional, kind, and a leader in the space," the new statement assured.
Image created with artificial intelligence on MidJourney
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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