Planet 13 Enters Into Settlement Agreement
Planet 13 Enters Into Settlement Agreement
LAS VEGAS, NV / ACCESSWIRE / November 14, 2023 / Planet 13 Holdings Inc. (CSE:PLTH)(OTCQX:PLNH) ("Planet 13" or the "Company"), a leading vertically-integrated multi-state cannabis company, today announced that it has entered into a settlement agreement on November 14, 2023 (the "Settlement Agreement") with certain individuals (collectively, the "SDC Parties") with respect to certain claims (collectively, the "Legal Actions") advanced by the SDC Parties against Next Green Wave Holdings, Inc. ("NGW"), a subsidiary of NGW and the Company (collectively, the "Planet 13 Parties"). As a result of the Company's acquisition of NGW on March 2, 2022, the Company assumed all liabilities of NGW.
內華達州拉斯維加斯/ACCESSWIRE/2023年11月14日/領先的垂直整合多州大麻公司Planet 13 Holdings Inc.(CSE: PLTH)(OTCQX: PLNH)(“Planet 13” 或 “公司”)今天宣佈,它已於2023年11月14日與某些個人(統稱爲 “SDC各方”)就以下問題達成和解協議(“和解協議”)SDC各方對NGW的子公司Next Green Wave Holdings, Inc.(“NGW”)和公司(統稱爲 “Planet”)提出的某些索賠(統稱爲 “法律訴訟”)13 個締約方”)。由於公司於2022年3月2日收購了NGW,該公司承擔了NGW的所有負債。
Pursuant to the Settlement Agreement, in consideration for the SDC Parties releasing the Planet 13 Parties from claims relating to the Legal Actions and to avoid the further expense of litigation, the Company agreed to pay the SDC Parties a cash payment of US$300,000 in the aggregate (the "Cash Payment") and issue the SDC Parties an aggregate of 1,000,000 shares of common stock in the capital of the Company (the "Settlement Shares"). The Cash Payment will be made and the Settlement Shares will be issued on the date that is 14 days from the date of signing of the Settlement Agreement. Based on the closing price of the Company's shares of common stock on the Canadian Securities Exchange of CAD$1.2000 and based on the Bank of Canada's CAD to USD exchange rate of US$1.00=CAD$1.3725, in each case as of November 14, 2023, the total settlement amount is approximately US$1,174,316.94. The Settlement Shares will be subject to resale restrictions under applicable U.S. and Canadian securities laws.
根據和解協議,作爲SDC各方免除Planet 13當事方與法律訴訟有關的索賠的對價,併爲了避免進一步的訴訟費用,公司同意向SDC各方支付總額爲30萬美元的現金付款(“現金支付”),並向SDC各方發行公司資本中總計1,000,000股普通股(“結算股”)。現金付款和結算股份將在和解協議簽署之日起的14天內發行。根據公司在加拿大證券交易所普通股的收盤價1.2000加元,以及加拿大銀行的加元兌美元匯率爲1.00美元=1.3725加元,截至2023年11月14日,每種情況下的總結算金額約爲1,174,316.94美元。根據適用的美國和加拿大證券法,結算股票將受到轉售限制。
The Settlement Agreement is not considered an admission of the correctness of the claims advanced by either party, or of liability or responsibility by either party. All other terms of the Settlement Agreement are confidential.
和解協議不被視爲承認任何一方提出的索賠的正確性,也未被視爲對任何一方責任或責任的承認。和解協議的所有其他條款都是保密的。
The Settlement Shares have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.
結算股票未根據經修訂的1933年《證券法》(“證券法”)或任何州證券法進行註冊,除非作此登記,否則不得在美國發行或出售,除非符合《證券法》和適用的州證券法註冊要求的適用豁免。
About Planet 13
關於《13號星球》
Planet 13 () is a vertically integrated cannabis company, with award-winning cultivation, production and dispensary operations in Las Vegas and Orange County, California. Planet 13 also holds a medical marijuana treatment center license in Florida and a conditional Social-Equity Justice Involved dispensing license in the Chicago region of Illinois. Planet 13's mission is to build a recognizable global brand known for world-class dispensary operations and create innovative cannabis products. Licensed cannabis activity is legal in these states but remains illegal under U.S. federal law. Planet 13's shares of common stock trade on the Canadian Securities Exchange (CSE) under the symbol PLTH and are quoted on the OTCQX under the symbol PLNH.
Planet 13 () 是一家垂直整合的大麻公司,在加利福尼亞州的拉斯維加斯和奧蘭治縣擁有屢獲殊榮的種植、生產和藥房業務。Planet 13還在佛羅里達州持有醫用大麻治療中心執照,在伊利諾伊州芝加哥地區持有條件的涉及社會公平正義的配藥許可證。Planet 13的使命是建立一個以世界一流藥房運營而聞名的知名全球品牌,並創造創新的大麻產品。在這些州,獲得許可的大麻活動是合法的,但根據美國聯邦法律仍然是非法的。Planet 13的普通股在加拿大證券交易所(CSE)上市,股票代碼爲PLTH,並在OTCQX上市,股票代碼爲PLNH。
Cautionary Note Regarding Forward-Looking Information
關於前瞻性信息的警示說明
This news release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements and are often, but not always, identified by phrases such as "plans", "expects", "proposed", "may", "could", "would", "intends", "anticipates", or "believes", or variations of such words and phrases. In this news release, forward-looking statements relate to the delivery of the Cash Payment and the issuance of the Settlement Shares. Such forward-looking statements reflect what management of the Company believes, or believed at the time, to be reasonable assumptions and accordingly readers are cautioned not to place undue reliance upon such forward-looking statements and that actual results may vary from such forward-looking statements. These assumptions, risks and uncertainties which may cause actual results to differ include, among others, those assumptions, risks and uncertainties discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2022 and any of the Company's subsequent periodic reports filed with the U.S. Securities and Exchange Commission at www.sec.gov and on SEDAR at . Forward-looking statements contained herein are made only as to the date of this press release and we assume no obligation to update or revise any forward-looking statements should they change, except as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
本新聞稿包含適用證券法所指的前瞻性信息和前瞻性陳述。除歷史事實陳述外,所有陳述均爲前瞻性陳述,通常(但並非總是如此)用短語來標識,例如 “計劃“, “期待“, “提出的“, “可能“, “可以“, “會“, “打算“, “預期“,或 “相信“,或此類單詞和短語的變體。在本新聞稿中,前瞻性陳述與現金支付的交付和結算股份的發行有關。此類前瞻性陳述反映了公司管理層認爲或當時認爲的合理假設,因此提醒讀者不要過分依賴此類前瞻性陳述,實際業績可能與此類前瞻性陳述有所不同。這些可能導致實際結果不同的假設、風險和不確定性包括本標題下討論的那些假設、風險和不確定性 “風險因素“ 在公司裏's 截至2022年12月31日止年度的10-K表年度報告以及公司的任何部分'隨後向美國證券交易委員會提交的定期報告是 www.sec.gov 然後在 SEDAR 上 。此處包含的前瞻性陳述僅在本新聞稿發佈之日作出,除非法律要求,否則我們沒有義務在任何前瞻性陳述發生變化時更新或修改。沒有任何證券交易所、證券委員會或其他監管機構批准或不批准此處包含的信息。
For further inquiries, please contact:
如需進一步查詢,請聯繫:
LodeRock Advisors Inc., Planet 13 Investor Relations
mark.kuindersma@loderockadvisors.com
Robert Groesbeck or Larry Scheffler
Co-Chief Executive Officers
ir@planet13lasvegas.com
LodeRock Advisors Inc.,Planet 13
mark.kuindersma@loderockadvisors.com
羅伯特·格羅斯貝克或拉里·舍弗勒
聯席首席執行官
ir@planet13lasvegas.com
SOURCE: Planet 13 Holdings
來源:Planet 13 控股公司