Planet 13 recovers $3.4M of levied cash, sues El Capitan for $16.5M

Planet 13 Holdings Inc.

Partial settlement recovers $3.4M of $5.5M WAB Funds; $2.1M remains with Sheriff's Office.
Hearing on remaining $2.1M scheduled for April 29, 2024.
Additional $16.5M in two El Capitan accounts frozen; company believes funds misappropriated.
Lawsuit filed Jan 22, 2024 against El Capitan, Andrew Nash, Casa Verde, others seeking $16.5M.
Company expects no material impact on liquidity or ongoing operations despite near-term expenses.

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