Judge places receiver in charge of 1908 Brands after bank sues
BOULDER — A Denver District Court judge has ordered a third-party receiver to take control of 1908 Brands Inc. after the company’s bank alleged this month in a lawsuit that the Boulder-born, green household cleaning product maker has defaulted on millions of dollars in loans.
In the lawsuit, first reported by BusinessDen, First Western Trust Bank claims that 1908 Brands, which moved its headquarters to Aurora last year and pivoted away from its previous lines of natural foods products, took out a trio of loans in 2022 that totaled nearly $13.5 million.
The complaint said that the company has failed to…
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