Founder Of Julian JUJU Royal Brand Files Federal Lawsuit
The JUJU Royal Brand, founded by DropLeaf, LLC in partnership with Julian Marley - son of reggae legend Bob Marley - has come under fire for breach of contract on payment to one of its original investors. DropLeaf, LLC is being sued by Erin Hackney, whose family trust, Hackney Family Trust, is an owner of the company.
The intent in building the Julian Marley Brand, JUJU Royal, was to bridge reggae music, Rastafarian culture and the cannabis industry. The business now faces a lawsuit that was filed against the brand early this week for not paying a loan that was made to help launch the brand.
The suit filed on Monday, March 21, 2016, states that on or about September 26, 2015, Plaintiff and Defendant entered into the Promissory Note dated September 16, 2015 in the amount of $74,262.00.
Pursuant to the Note, Defendant agreed to repay the principal amount due, with interest, under the Note by the maturity date of January 1, 2016. Accordingly, $74,262.00 plus interest and costs was due on January 1, 2016. To date this has not been paid or attempts to do so by DropLeaf, LLC to the plaintiff, Erin Hackney.
Kingsley Brand, LLC, licensor of Julian Marley's likeness and trademark name, partnered with DropLeaf, LLC to promote the movement to decriminalise marijuana and promote its healing benefits with the launch of the premium marijuana product line - Julian Marley JUJU Royal Premium Marijuana.
(Source: CaribPR Wire, LAS VEGAS)