Planet 13 reports $5.5M cash seized; additional $16M possibly misappropriated by El Capitan

Planet 13 Holdings Inc.

On Sept 21, 2023, $5.5M held at Western Alliance Bank was levied by Casa Verde Capital via Orange County Sheriff due to El Capitan dispute.
Company filed third-party claim; hearing scheduled Nov 30, 2023.
Additional $16M in two accounts managed by El Capitan may have been misappropriated; withdrawal requests refused since Nov 14, 2023.
Company engaged legal counsel and commenced internal investigation; pursuing all legal means for recovery.
Company says near-term expenses will increase but does not expect material impact on business or liquidity.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.