Apothio Initial Litigation

Apothio Initial Litigation

First Tokenized Litigation Funding For One Of The Largest US Crop Destructions

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Industry
Finance
Min Investment
$100
Location
Peru, IN
Offering Date
October 26, 2021
Expected Close Date
January 01, 2022
Amount Raised
$171,888
No. Investors
74

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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