Stefano Esposito/Sun-Times
A major Loop-based cannabis firm reached a settlement with its co-founder last week after claiming in a lawsuit that he used company secrets to launch a new venture when he was ousted amid allegations of harassment and “misogynistic conduct.”
The lawsuit, filed Jan. 29 by Cresco Labs in the Supreme Court of British Columbia, alleged that Joseph Caltabiano engaged in a “litany of misconduct” as he helped build the company into a multi-state behemoth. After resigning under duress, Caltabiano teamed with another former executive and allegedly used “confidential” company information to help start a competing firm, Choice Consolidation Corp., the suit claims.