Medical cannabis company Vireo Health shunted its landlord on $1.5 million in rent payments after signing a 10-year industrial lease for about 32,000 square feet in Puerto Rico before bailing a few months ago, leaving multiple years' worth of rent checks unpaid, according to a complaint in federal court.
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Cruce Davila Development LLC said in its Sunday complaint that Vireo Health de Puerto Rico LLC, the tenant, signed the lease for space in the Cruce Davila Business Park in Barceloneta, beginning in April 2019.
But the Vireo entity told Cruce Davila Development in November that it would be ending the lease and leaving immediately, no longer "remitting monthly payments thereunder, effective on that same date," the suit says.
Since notifying, Vireo has likewise not made any rent or common area maintenance payments owed, Cruce Davila Development contends.
And the same month Vireo announced its termination of the lease, the plaintiff firm says it sent both Vireo Health de Puerto Rico and Vireo Health Inc., also listed as a defendant, an extrajudicial claim seeking payment.
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