Item 1. Legal Proceedings
Item
1. Legal Proceedings
Following
the consummation of the Kind Acquisition, in April 2022, the Maryland litigation between the Company and the members of Kind was dismissed
with prejudice and the parties exchanged releases of any and all existing claims.
In
April 2022, the Company, MMA and Ms. DiPietro agreed to dismiss all direct claims and counterclaims asserted in the Massachusetts litigation
between them. In addition to the direct claims, the derivative claims were also dismissed on June 8, 2022 upon court approval.
Other
than the above, there has been no material change to the status of the Company’s legal proceedings.
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