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EDMONTON Former Edmonton Oilers captain Mark Messier is suing an Edmonton businessman, alleging he lost more than half a million dollars in an Alberta cannabis company investment. Messier, 59, is seeking damages from Ed Moroz, the CEO of Edmonton area-based Destiny Bioscience, according to court documents filed in November in New York state. The lawsuit claims Moroz broke a personal guarantee that promised Messier wouldn’t lose money after the former hockey star’s holding company bought 400,000 shares of Destiny at a price of $500,000. “Moroz also repeatedly solicited Messier’s investment and represented that the investment was a sure thing Messier could not lose money on it,” reads the lawsuit. ....
Mark Messier must be wondering what he was smoking after investing $500,000 in what he later discovered was a “worthless company.” According to court records, Messier filed the lawsuit in New York County Courts on November 18 with law firm Paul, Weiss, Rifkind, Wharton and Garrison. New: Former New York Rangers All-Star Mark Messier alleges he lost a $500K investment in Alberta cannabis company Destiny Bioscience. Messier says in a lawsuit vs Destiny CEO Ed Moroz that Destiny used his celebrity to raise $30M in funding. According to a “personal and confidential advisory agreement” signed May 31, 2019, Messier was willing to be a “’good will’ ambassador for Destiny…. [helping build] business relationships with potential partners of Destiny…” ....
Report: Mark Messier loses $500K investment in Alberta cannabis company yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.