NetworkNewsBreaks – Sunniva Inc. (CSE: SNN) (OTC
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Posted On: 05/03/2018 7:25:40 PM
NetworkNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Chooses Okanagan Falls Property for Canadian Facility
Vertically integrated medical cannabis company Sunniva (CSE: SNN) (OTCQX: SNNVF) this morning announced that after reviewing several options, it has chosen a 126 acre Okanagan Falls, British Columbia site to build its Canadian facility. Sunniva Medical Inc., a wholly-owned subsidiary of the company, has entered into a purchase and sale agreement to obtain the entire 126-acre industrial zoned property for $7 million. Closing of the acquisition is conditional to certain due diligence items and other conditions customary in transactions of this nature, although the company’s preliminary due diligence review of the property has been completed. Close of the transaction is anticipated on or about June 15, 2018. Per the terms of the agreement, Sunniva has submitted its development applications in advance of the closing date and grading work has begun on the property.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Vertically integrated medical cannabis company Sunniva (CSE: SNN) (OTCQX: SNNVF) this morning announced that after reviewing several options, it has chosen a 126 acre Okanagan Falls, British Columbia site to build its Canadian facility. Sunniva Medical Inc., a wholly-owned subsidiary of the company, has entered into a purchase and sale agreement to obtain the entire 126-acre industrial zoned property for $7 million. Closing of the acquisition is conditional to certain due diligence items and other conditions customary in transactions of this nature, although the company’s preliminary due diligence review of the property has been completed. Close of the transaction is anticipated on or about June 15, 2018. Per the terms of the agreement, Sunniva has submitted its development applications in advance of the closing date and grading work has begun on the property.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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