Jushi settles lawsuit over ex-CFO who just joined Curaleaf

Jushi Holdings Inc. /zigman2/quotes/215485579/delayed CA:JUSH -5.08% /zigman2/quotes/210374425/delayed JUSHF -2.34% said Monday it settled a lawsuit with Curaleaf Holdings Inc. /zigman2/quotes/205334348/delayed CURLF +0.62% /zigman2/quotes/203485866/delayed CA:CURA +0.33% and with its former CFO Edward Kremer. Curaleaf on Monday named Kremer as its new CFO. Curaleaf also named Camilo Lyon as chief investment officer and Mitch Hara as chief strategy officer, which is a new role at the cannabis company. Filed on July 15, the Jushi lawsuit alleged breach of Kremer's employment agreement. The suit also lodged a complaint against Curaleaf for "tortious interference." The cannabis company said Kremer has agreed to abide by his other continuing obligations to the company in exchange for a limited waiver of his non-compete to allow him to accept employment with Curaleaf. Curaleaf has also committed to strengthen the commercial relationship between Jushi and Curaleaf, the company said. Shares of Jushi are down about 37% in 2022 compared to a loss of 54% by the AdvisorShares Pure U.S. Cannabis ETF /zigman2/quotes/220307682/composite MSOS -1.24% and a drop of 19.1% by the Nasdaq . Curaleaf shares are down 38% in 2022.