Planet 13 Holdings ( (TSE:PLTH) ) has issued an announcement.
Planet 13 Holdings Inc. announced a significant recovery of funds totaling approximately $10.5 million, including $5.5 million held at BridgeBank and real estate valued at $5 million, as part of a settlement related to ongoing litigation with Casa Verde Capital and El Capitan Advisors. Despite this recovery, the company continues its lawsuit against El Capitan and its CEO, Andrew Nash, seeking an additional $10.3 million in compensatory damages, as they pursue further legal actions to reclaim misappropriated funds.
More about Planet 13 Holdings
Planet 13 Holdings Inc. is a leading vertically-integrated multi-state cannabis company. It focuses on the cannabis industry, offering a range of products and services related to cannabis cultivation, production, and retail operations.
YTD Price Performance: -16.19%
Average Trading Volume: 491,200
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $105.9M
For detailed information about PLTH stock, go to TipRanks’ Stock Analysis page.