litigation
confidence high
sentiment positive
materiality 0.75
Farmhouse subsidiary wins California lawsuit, recovers 49% equity in LA cannabis dispensary
FARMHOUSE, INC. /NV
- Final judgment filed July 7, 2021 in LA Superior Court (Case BC681251) after four years of litigation.
- Farmhouse DTLA recovers 49% equity interest in Los Angeles Farmers Inc. (formerly AHPS).
- Company awarded share of profits and proceeds from 2017 onward plus 10% prejudgment interest.
- Los Angeles Farmers operates a 25,000+ sq ft multi-licensed dispensary, grow, manufacturer, and distributor.
- Court-appointed Monitor to determine value of profits/proceeds; report expected by end of Q4 2021.