Planet 13 Holdings ( (TSE:PLTH) ) just unveiled an announcement.
Planet 13 Holdings Inc. has 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 misappropriated funds by El Capitan Advisors, Inc. The company continues its lawsuit against El Capitan and its CEO, Andrew Nash, seeking further compensatory damages. This recovery and ongoing litigation highlight Planet 13’s efforts to reclaim its misappropriated funds and may impact its financial stability and stakeholder confidence.
More about Planet 13 Holdings
Planet 13 Holdings Inc. is a leading vertically-integrated multi-state cannabis company. The company operates in the cannabis industry, focusing on the cultivation, production, and distribution of cannabis products across various states.
YTD Price Performance: -16.19%
Average Trading Volume: 491,200
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $105.9M
For an in-depth examination of PLTH stock, go to TipRanks’ Stock Analysis page.