Monday, October 16, 2023 12:09:21 PM
The Company is attempting to refinance its property located at 2325 W. Cypress Street in Phoenix. Currently, the
mortgage is in default and its contractor has placed a mechanics lien of approximately $2.2M dollars. The Company
disputes the amount of the lien and is currently attempting to negotiate a settlement with removal of the lien as the
primary reason to entertain a settlement. If we are unsuccessful, in obtaining the refinance, which is dependent upon
achieving the release of the lien, we may lose the property on October 31, 2023, in foreclosure.
Plus being sued by Glorious Extracts and leasing company!!
NOTHING IN PRODUCTION AT CYPRESS CHILL!!
https://www.otcmarkets.com/stock/ERBB/overview
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