YZi Labs demands CEA Industries address the "operational vacuum" issue and terminate the 10X asset management agreement.

PANews reported on March 11 that, according to Globenewswire, YZi Labs issued a statement saying that, according to a lawsuit filed by investor Abraham Gomez against Nasdaq-listed CEA Industries and its director Hans Thomas, the company is practically in an "operational vacuum," lacking a CFO, COO, operations or marketing teams, a fund management system, and even a registered domain name or a working website. YZi Labs argues that this situation highlights the failure of CEA Industries' board oversight and the company's failure to establish basic corporate governance and operational infrastructure while managing substantial funds under a 20-year asset management agreement with 10X Capital Asset Management. Therefore, YZi Labs is demanding that the board publicly respond to the allegations, establish an independent committee to investigate Hans Thomas, and terminate the agreement with 10X Capital Asset Management.