Describe briefly any material pending legal proceedings, other than ordinary routine litigation incidental to the business, to which the issuer or any of its subsidiaries is a party or of which any of their property is the subject. Include the name of the court or agency in which the proceedings are pending, the date instituted, the principal parties thereto, a description of the factual basis alleged to underlie the proceeding and the relief sought. Include similar information as to any such proceedings known to be contemplated by governmental authorities.
Superior Court of California, Santa Cruz County, Case No. 21CV02657 Troy Moore v Viridi Farms, et al
Plaintiff is a private lender who loaned funds to Viridi Farms for the purpose of lending the funds to a third party business client for operating capital. The third party went out of business and defaulted on payments. Plaintiff seeks remedy from Viridi and multiple defendants. Amended Complaint prays for $245,068.50 in damages, pre-judgment interest; costs of suit; and attorney’s fees. Plaintiff represented in propria persona effective 02 24 23. Plaintiff seeks a reduced settlement offer prior to May 5, 2023.
Superior Court of California, Santa Cruz County, Case No. 22CV01932; file date: 09/08/22 JPP Investments Westridge, LLC v Viridi Farms
Plaintiff is the leaseholder of Defendant Viridi’s office facility. Viridi was in breach of the terms of the lease for late payment of monthly rent. Damages prayed in approximately $24,000. Parties reached a conditional settlement on 10/11/22.
Superior Court of California, Santa Cruz County, Case No. 22CV02329; file date: 10/21/22 The Lyman Group dba Grow West vs Viridi Farms et al.
Plaintiff is a vendor to Defendant Viridi Farms. Viridi Farms is in arrears on accounts payable to Plaintiff. Defendant Viridi Farms was making payments on the debt at the time of the law suit. Plaintiff seeks $140,225.81 in damages; attorney fees; and late fees.
Third Judicial District Court, Salt Lake City Department, State of Utah, Case No. Civil No. 220904172, filed 07/22 ACH Capital West LLC., v. Virdi Farms/Dean Trinh
Plaintiff is a lender suing for breach of contract. Viridi Farms secured an operating capital loan in July of 2021 as a private company. Viridi Farms defaulted on the monthly payments. Damages requested of $650,000 and daily interest to entry of judgment. Parties are negotiating settlement of the matter.
AI
