Rap Mogul, Master P who launched his marijuana business, Master P’s Trees in 2016 is now suing Privateer Holdings, who he reportedly went into a business deal with.
P claims he struck a deal with Privateer Holdings in March 2017 to produce and distribute his products in California.
According to the documents, the deal was reportedly for 1 year, and Master P would promote the brand and cover half the production costs profits would be split down the middle.
P’s lawsuit claims that Privateer opted out of the deal in late July and left him to pay for all the costs.
As a result, P is suing Privateer Holdings for breach of contract and fraud. He is reportedly suing for at least $25 million dollars in lost profits and damages