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The Continuing Evolution of Litigation Funding: Opening the Gates to Retail Investors?
“Initial litigation offering” (ILO) is a term that was recently coined by Apothio LLC, an agricultural research and commercial hemp company. This new concept is being spearheaded by Apothio to fund its response to officials in California who allegedly destroyed its billion-dollar hemp crop in 2019. The goal is to attract investors interested in a piece of the lawsuit filed against these California officials by launching a $5 million public offering.