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Earthworks Industries ( (TSE:EWK) ) has provided an update.
Earthworks Industries Inc. is currently facing a financial challenge as its subsidiary, Cortina Integrated Waste Management Inc., is unable to pay approximately $400,000 in attorney fees claimed by the Kletsel Dehe Wintun Nation of the Cortina Rancheria, California. This situation arose after the U.S. District Court dismissed a complaint filed by CIWM, which challenged the cancellation of a federally approved lease between the Tribe and CIWM. The Tribe, as the prevailing party, seeks to recover these fees, impacting Earthworks Industries’ financial obligations and potentially affecting its operations and stakeholder relations.
More about Earthworks Industries
Earthworks Industries Inc. operates within the waste management industry, focusing on integrated waste management solutions. The company is involved in providing services through its subsidiary, Cortina Integrated Waste Management Inc., which engages in waste management operations.
Average Trading Volume: 92,360
Technical Sentiment Signal: Sell
Current Market Cap: C$1.97M
Learn more about EWK stock on TipRanks’ Stock Analysis page.