NHL Legend Mark Messier’s $500,000 Weed Deal Gone Bad

Former Edmonton Oilers and New York Rangers star Mark Messier made a bad investment, and now he wants someone else to pay. Messier is opening a lawsuit against Ed Moroz, the CEO of the Canada marijuana company Destiny Bioscience. The suit is for half a million dollars.

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New: Former New York Rangers All-Star Mark Messier alleges he lost a $500K investment in Alberta cannabis company Destiny Bioscience.
Messier says in a lawsuit vs Destiny CEO Ed Moroz that Destiny used his celebrity to raise $30M in funding.

— Rick Westhead (@rwesthead) December 15, 2020

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According to Messier’s claim, he is one of the greatest hockey players in history, former NY Rangers captain, 6X Stanley Cup winner, and among “the most famous celebrities in New York."
"His investment & endorsement would therefore give Destiny and Moroz instant credibility…”

— Rick Westhead (@rwesthead) December 15, 2020

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Messier: “Moroz …represented that the investment was a sure thing—Messier could not lose money on it. Messier ultimately agreed to invest … but only on the condition that Moroz do more than tell him it was a sure thing."

— Rick Westhead (@rwesthead) December 15, 2020

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Messier says that Moroz told him that Destiny Bioscience was a “sure thing” but it, in fact was far from it. Messier lost his full investment, and he wants it back.

Destiny is now in an incredible $42 Million of debt, so I’m not sure how they would compensate Mark Messier for his claims, but he’s willing to try build his case.

I’m no legal expert, but this seems like a dead-end lawsuit to me. Messier made a large investment, and it failed miserably. Nobody to blame but yourself here, Mark. It’s kind of crazy, too, because marijuana stock has been skyrocketing all around the world over the past year after it has been legalized in many different places.

I guess Mark Messier just invested in the wrong company. He’s a high-profile guy, I’m sure he can find a way to make some of that money back.

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