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Dutch citizen misses out on Macedonian cannabis company shares

A Dutch citizen provided services for medicinal cannabis cultivation in Macedonia in the hope of getting company shares. That hope was, however, dashed by the Rotterdam District Court early this month.

The reason is simple: both parties did not sign the shares agreement. Nevertheless, the court does understand that the Amsterdam resident held "the hope and expectation for a very long time" that things would work out.

The complainant filed the case against a Dutch investment company that holds a 100% share in a Macedonian company. It started growing medicinal cannabis in 2020.

The Dutch citizen began providing services to that company in the summer of 2021. At that time, no revenue was expected until a year later, so they received half their wages. Once the money was being made, the citizen would receive a full monthly payment.

They would also have gotten the other half of the salary for the months already worked. Along with monthly compensation, a bonus and an option for share certificates in the investment company's capital were also discussed.

Disagreement
In the fall of 2022, the remuneration deal showed the Dutch citizen's signature but not that of an investment company representative. WhatsApp messages in the days that followed indicate that disagreements arose.

At the hearing, communication from 'the master grower' is quoted: "What's up with this strange language that angers people? Always have positive energy for everyone. Got a super good lead for 4 mil. But it's OK. I'll just cancel those leads." After that, communication ended.

At the November 1 hearing, it appears several draft agreements were exchanged. These include the period in which the shares would be given away (five or three years) and the share percentage (2.45% or 4.9%). The investment company used the latter to, in its words, 'entice' the Dutch citizen.