Farmhouse, Inc 8-K, filed Jul 9, 2021
Farmhouse, Inc. /Nv (FMHS)
About this 8-K
Farmhouse, Inc filed this 8-K on July 9, 2021.
Items reported
- Item 2.02: Financial results
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 7, 2021
FARMHOUSE, INC.
(Exact name of Registrant as specified in its charter)
Nevada | 333-238326 | 46-3321759 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification Number) |
1355 Market Street, Suite 488, San Francisco, CA | 94103 |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (888) 420-6856
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8 K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ☐
Emerging growth company [X]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to §13(a) of the Exchange Act. ☐
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Item 7.01. Regulation FD Disclosure.
Farmhouse, Inc. (the “Company”) announced it successfully enforced its subsidiary Farmhouse DTLA’s contract rights in an operating retail cannabis business in Los Angeles. After four years of litigation, a final Judgment was filed into the record in the Superior Court of California in the County of Los Angeles for Case number BC681251 on July 7, 2021. The Judgment specifies that Farmhouse DTLA recovered its 49% equity interest in Los Angeles Farmers, Inc. plus its share of profits and proceeds from 2017 going forward and ongoing along with 10% prejudgment interest. Farmhouse was also awarded its costs for reimbursement.
A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information in this Current Report on Form 8-K, including the information contained in Exhibit 99.1, is being furnished to the Securities and Exchange Commission, and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly set forth by a specific reference in such filing. The furnishing of the information pursuant to this Item 7.01, including Exhibit 99.1 furnished herewith, is not intended to, and does not, constitute a determination or admission by the Company (i) that the furnishing of such information is required by Regulation FD, (ii) that such furnished information is material or complete, or (iii) that investors should consider such information before making an investment decision with respect to any security of the Company. The information furnished pursuant to this Item 7.01, including Exhibit 99.1 furnished herewith, contains “forward-looking statements” within the meaning of the safe harbor provisions of the federal securities laws. It should be read in conjunction with the “Safe Harbor” statement included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the Securities and Exchange Commission on April 30, 2021, and the other public announcements that the Company may make, by press release or otherwise, from time to time.
Item 9.01.Financial Statements and Exhibits.
The following exhibit is furnished as part of this Current Report on Form 8-K.
Exhibit Number |
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Description |
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99.1 |
| Press Release issued by Farmhouse, Inc. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FARMHOUSE, INC.
Date: July 9, 2021By: /s/ Evan Horowitz
EVAN HOROWITZ
Chief Executive Officer, Director
(Principal Executive Officer)
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EXHIBIT 99.1
FARMHOUSE INC. SUBSIDIARY WINS SUIT AGAINST
OPERATING LOS ANGELES CANNABIS BUSINESS
NEWS PROVIDED BY
Farmhouse, Inc. (OTC:FMHS)
July 9, 2021, 7:20 AM ET
SAN FRANCISCO, July 9, 2021 /PRNewswire/ – Farmhouse, Inc. (OTC:FMHS) (the “Company”), a fully reporting technology company with multiple cannabis related divisions and IP, today announces it successfully enforced its subsidiary Farmhouse DTLA’s contract rights in an operating retail cannabis business in Los Angeles. After four years of litigation, a final Judgment was filed into the record in the Superior Court of California in the County of Los Angeles for Case number BC681251 on July 7, 2021. The filing is accessible online by entering Case Number BC681251 into the LA Court portal at <http://www.lacourt.org/website/FindaCase.aspx>.
The Judgment specifies that Farmhouse DTLA recovered its 49% equity interest in Los Angeles Farmers, Inc. plus its share of profits and proceeds from 2017 going forward and ongoing along with 10% prejudgment interest. Farmhouse was also awarded its costs for reimbursement.
Los Angeles Farmers Inc., formerly AHPS aka Absolute Herbal Pain Solutions, is a 25,000+ square foot fully operational and multi-licensed cannabis retail dispensary, grow, manufacturer and distributor. The facility resides in a premium location within Los Angeles and includes coveted licenses which are in limited supply from the county.
A court-appointed Monitor is undertaking the process of determining the value of the 49% of profits and proceeds from 2017 forward that Farmhouse is entitled to in addition to the 10% prejudgment interest. The Monitor’s report is expected to be completed by the end of Q4 2021.
About Farmhouse, Inc.
The Company is a holding company with multiple divisions, including the WeedClub® Platform, a professional social network platform to the regulated cannabis industry, that enables cannabis and hemp professionals to connect, discover products and services and scale their businesses. Within the WeedClub® Platform, members utilize an increasing set of technology-based tools for discovering professional connections and information. The Company believes it has established itself as the trusted brand to connect the industry through the WeedClub® Platform and its @420 Twitter handle. Through its wholly owned subsidiary, the Company owns a 49% equity interest in a Los Angeles-based multi-licensed cannabis retail dispensary, grow, manufacturer and distributor.
Forward Looking Statements
The Company cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. These statements are based on our current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a
representation that any of our plans will be achieved. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including, without limitation: the fitness of our product for a particular application or market, the expectations of future revenue growth may not be realized, ongoing demand for our software products and related services, the impact of global pandemics (including COVID-19) on the demand for our products and services; and other risks described in prior press releases and in our filings with the Securities and Exchange Commission (SEC), including in our Form 10-K for the year ending December 31, 2020 and any subsequent filings with the SEC. We caution you not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and we undertake no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Contact Information
For all inquiries:
help@farmhouse.tv