The dispute over ownership of the only licensed medical marijuana dispensary inside the city limits has been resolved, ending an almost two-year court battle.
An amended operating agreement signed earlier this month listed Dragan Vicentic as having full ownership of Green Springs Medical, the Seneca Street dispensary that became embroiled in an ownership dispute shortly after its May 2019 opening.
Bruce Simpson, who alleged Vicentic forced him out of the business in the lawsuit he filed in Garland County Circuit Court in September 2019, no longer has an ownership interest. The consent agreement included with Special Judge Ted Capeheart’s July 9 order authorizing Vicentic and Simpson to negotiate an amended operating agreement said Simpson received a lump-sum payment as part of the settlement.
“The parties have reached a confidential settlement that requires Simpson to relinquish any office or position with Green Springs and transfer to Vicentic any and all rights in the permit, Green Springs and its property in exchange for a fully satisfactory one-time payment and other warranties, releases and obligations,” the consent agreement said.
Vicentic and Simpson’s attorneys issued a statement earlier this week.
“(Vicentic and Simpson) have agreed to release the following statement and make no further