Liquid Media Provides Corporate Update

VANCOUVER, British Columbia, July 04, 2023 (GLOBE NEWSWIRE) -- Liquid Media Group Ltd. (the “Company,” “Liquid Media” or “Liquid”) (NASDAQ: YVR), announced today that the former shareholders of its wholly owned subsidiary Digital Cinema United Holdings Ltd. (“DCU”) have commenced an action as against the Company and certain of its current and former management and Board in the Supreme Court of British Columbia (the “Claim”). The Claim has not yet been fully served as against all defendants, and seeks unspecified damages. The Company will aggressively oppose the Claim and provide an update in due course. The former shareholders of DCU have further obtained an injunction prohibiting the Company from seeking a special resolution of its shareholders until an agreement has been reached as between the Company and the shareholders of DCU, which the Company intends to oppose if and as such a special resolution may become necessary or desirable.

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