Mark Messier Files Lawsuit Against Alberta-Based Cannabis Company
According to multiple reports, hockey legend Mark Messier lost over $500,000 in an investment with an Alberta-based cannabis company.
Rick Westhead of TSN reports below in this thread of tweets:
According to Messier’s claim, he is one of the greatest hockey players in history, former NY Rangers captain, 6X Stanley Cup winner, and among “the most famous celebrities in New York."
— Rick Westhead (@rwesthead) December 15, 2020
"His investment & endorsement would therefore give Destiny and Moroz instant credibility…”
Messier alleged Moroz agreed to give him a personal guarantee and pay Messier the difference between $750K and the value of 200K Destiny shares on Dec. 31, 2019.
— Rick Westhead (@rwesthead) December 15, 2020
[Meaning if value of Destiny shares fell to 0$, Messier would presumably have been paid $750K.)
You can't blame Messier for looking for ways to venture out into the business world after hockey, unfortunately he put his trust into the wrong hands. Messier is filing a lawsuit against the CEO of Destiny Bioscience, Ed Moroz, stating the company used his celebrity status to make millions.
Messier alleges he was granted a personal guarantee that he wouldn’t lose money upon purchasing 125,000 shares at $1.25. However, the business failed miserably and Destiny was placed in receivership in May 2020 after amassing $42 million in debt, with their state-of-the-art facilities in Nisku, Alberta placed for sale
Messier is one of the best hockey players to ever play the game and now has a leadership award named after him. Let's hope he gets back everything he deserves after it all went up in smoke.
Photo credit: David Saffran/ICON SMI
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