Mark Messier Suing Pot Company CEO for Squandering $500K Investment

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Mark Messier is suing Ed Moroz, the CEO of the Canada marijuana company Destiny Bioscience, for half a million dollars. Messier alleges that Moroz personally guaranteed him that this would be a risk-free investment. In addition to investing the money, Messier was apparently a "goodwill ambassador" for the firm, which helped them raise $30 million in additional money.

Most of the details, which are shared below in a Twitter thread by Canadian journalist Rick Westhead, are relatively straightforward in terms of how celebrity investments and endorsements can take a wrong turn. What is wild about it is that cannabis is such a booming industry that losing tens of million dollars -- the company was put in receivership with $42 million in debt -- is mind boggling.

Here is the thread with the pertinent details:

















Still hard to reckon with losing that much money when marijuana stock valuations are skyrocketing. It's almost like losing double.

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Ryan Glasspiegel grew up in Connecticut, graduated from University of Wisconsin-Madison, and lives in Chicago. Before OutKick, he wrote for Sports Illustrated and The Big Lead. He enjoys expensive bourbon and cheap beer.