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 Description
99.1 Press Release issued by Farmhouse, Inc.
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