The buyer's identity is not confirmed by the Law360 summary. A separate Marijuana Business Daily report identifies Verdant Capital as the purchaser and says co-founder Josh Ginsberg is a co-founder and principal of Verdant. That report also says the deal returns Native Roots to Ginsberg's control and notes his lawsuit against former partner Peter Knobel, the latest in a dispute between the two that dates to 2017. The Verdant link rests on that reporting, not on the court record. The court's ruling, the parties named in the case, and any response from the company or buyer are not yet public.
The core dispute is about who bears the cost of the sale, not the price alone. If the testimony holds, a founder-linked transfer that leaves the company unable to pay its liabilities could leave other creditors and former employees with little recourse. Attorneys with clients in Colorado, or with exposure to Native Roots or Verdant, should pull the docket and any filed transaction documents before relying on the account. Treat the claims as one executive's allegations until filings or a ruling are reviewed.