Apothio Initial Litigation
First Tokenized Litigation Funding For One Of The Largest US Crop Destructions
- Min Investment
- Offering Date
- October 26, 2021
- Expected Close Date
- January 01, 2022
- Amount Raised
- No. Investors
Key Deal Facts
This case arises out of one of the largest alleged wholesale destruction of crops by a state official in the history of the United States.
In October 2019, Apothio anticipated harvesting and extracting the byproducts from approximately 17 million plants cultivated on more than 450 acres for research and commercial purposes.
In October 25, 2019, Kern County Sheriff’s Office (“KSCO”) and California’s Department of Fish and Wildlife destroyed roughly 450 acres of Apothio’s plants, estimated to be worth between $500M and $1B at the time, without prior warning, justification, or opportunity for Apothio to be heard.
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