Aspen’s Leaf dispensary sued for alleged unpaid loans
November 23, 2016
Two Texas-based investment companies sued an Aspen marijuana dispensary Tuesday, claiming the business defaulted on more than $2 million in loans.
Named in the lawsuit filed in Aspen District Court are the owners of The Original Leaf, Jesse Miller and Cloud Shadowshot, as well as Colorado Medical Marijuana Supply Inc., the name of the company the two men own.
Miller said Wednesday he wasn't aware of the lawsuit until he was contacted by a reporter. He called the suit "frivolous" but declined further comment.
A message left for the lawyer in Centennial who filed the lawsuit was not returned Wednesday.
Stillhouse Investments — based in Austin, Texas — claims to have loaned Miller and Shadowshot $799,000 between February and August 2015, according to the lawsuit. Another company — Austin-based Willin Group — loaned the men more than $378,000 between March and June 2015, and another $250,000 between April and September 2015, the lawsuit states.
The Willin Group also claims to have loaned the two men $93,500 on Sept. 3, $23,000 on Sept. 15, $68,000 on Sept. 18, $22,000 on Sept. 22, $200,000 on Nov. 1 and another $172,000 on April 18, according to the lawsuit.
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The total amount of the loans is $2,007,080. None of the money was repaid, the lawsuit states.
The purpose of the loans is not disclosed in the lawsuit.
The registered agent for both companies is an Austin-based attorney named C. Lane Pickett, according to online records.
The Original Leaf, located catty-corner to Rubey Park, was founded in 2009 as a medical marijuana dispensary, according to its website.