Dr. Dre and Xzibit teamed up to open a cannabis shop. The company has been successful overall, and that has sparked a fire under some of the investors. Dre and Xzibit reportedly teamed up with 3 other investors to open the shop. The investors are now claiming that after striking a deal with the pair to own 14.5% each, they’ve been cheated.
The breach of contract suit states that Dre and Xzibit, worked with the investors to open the shop. They agreed the invested would own a 14.5% share each. But the investors claim they never saw any of the profits. They agreed to sell their shares to Dre for $5 million apiece but never saw that either. The company which was valued at $50 million is now worth a staggering $170 million, and the investors want their fair share.
The investors are seeking their percentage, as well as monetary compensation.
