Another suit filed over marijuana-growing contract at Southern


A suit has been filed against the Lafayette company that won the right to handle Southern University’s medical marijuana business. Advanced Biomedics and Lafayette pharmacist Chad Bodin are named as defendants in a suit for damages and breach of contract filed by a company called James Financial, records filed at the Lafayette Parish Courthouse show.  The petition, which was filed on Thursday, accuses Bodin and Advanced Biomedics of signing agreements with James Financial that promised a partnership in the marijuana business, simply to get James to pledge financial backing while Advanced Biomedics negotiated its contract with Southern.  Last fall, Southern University awarded a contract to grow, process and distribute medical marijuana to Advanced Biomedics. Advanced Biomedics agreed to construct a 40,000 square foot facility in Baker where the medical pot will be grown and processed. The company expects to employ about 44 people and pledged to hire Southern University grades.  But a dispute between Bodin, who holds the expertise, and Carencro businessman Carrol Castille, who had the funds to back the venture, led to at least three lawsuits. At issue in the suits is who, really, owns the company: Advanced Biomedics LLC or Advanced Biomedics Holdings LLC. Castille filed suit against Bodin in Lafayette earlier this year, alleging that Bodin went behind his back to negotiate with Southern, and to represent himself as the controlling interest in Advanced Biomedics. Then Bodin filed suit against Castille, accusing him of failing to put up the funds for the venture and failing to meet other requirements to close the deal with Southern.  The dispute threatened to derail the negotiations with Southern, until the contract with the university was finally signed on May 10.  According to the James Financial lawsuit, Bodin and his attorney approached James Financial principal Ian James of Baton Rouge just days before Southern’s contract negotiation deadline “to solicit their investment into AB in place of Castille,” the suit states. Another suit filed over marijuana-growing contract at Southern

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