Pot Co. Raised $30M On 'Wildly Inflated' Financials, SEC Says

By Emilie Ruscoe (March 16, 2023, 10:03 PM EDT) -- Cannabis cultivation and distribution company American Patriot Brands Inc. raised more than $30 million from more than 100 investors over 6½ years on the strength of "wildly inflated" claims about its revenue, the U.S. Securities and Exchange Commission claimed in a suit filed Thursday in Puerto Rico federal court....

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