NoHo Inc (DRNK)

[agribusiness72]

The results so far are not in their favor. The meaning was quite clear. GRAS CEO is not worried about it. He stated:

The Company was named in a complaint filed by Noho, Inc. ("Noho") and Luke Zouvas ("Zouvas") on December 19, 2017, in Superior Court of the State of California, in San Diego County. The suit focused around an Asset Purchase Agreement (APA) dated May 25, 2017. Noho and Zouvas (the "Plaintiffs") attempted to get a Temporary Restraining Order ("TRO") against the Company. The TRO was denied. On December 27, 2017, the case was moved to Federal Court in the United States District Court for the Southern District of California (the "Federal Court"). The Plaintiffs again filed a motion for a TRO on January 12, 2018. On January 16, 2018, the Federal Court denied the TRO motion. The complaint references an APA entered into between Cherry Hill Financial, LLC a subsidiary of NOHO, Inc. and the Company. Closing obligations and conditions under the APA did not materialize resulting in the APA not closing.