|Bid||0.1550 x 0|
|Ask||0.1700 x 0|
|Day's Range||0.1550 - 0.1550|
|52 Week Range||0.1000 - 2.1800|
|Beta (5Y Monthly)||0.02|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun 02, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Sunniva Inc. ("Sunniva", the "Company", "we", or "our") (CSE:SNN, OTCQB:SNNVF) makes this announcement as an update to the press release dated May 14, 2020 in respect of the action (the "Action") commenced by Matrix Venture Capital Management Inc. ("Matrix") seeking a bankruptcy order against Sunniva under the Bankruptcy and Insolvency Act (Canada).
VANCOUVER, BC, July 22, 2020 /CNW/ -- Sunniva Inc. ("Sunniva", the "Company", "we", or "our") (CSE:SNN, OTCQB:SNNVF) announces that on July 21, 2020, its wholly-owned subsidiary 1167025 B.C. Ltd entered into a Purchase and Sale Agreement (the "Sale Agreement") with a British Columbia investment company (the "Buyer") pursuant to which it has agreed to sell the OK Falls Property to the Buyer for gross proceeds of CA$6,800,000 (the "Transaction"). Following discharge of the existing mortgage on the OK Falls Property and other anticipated closing costs, including legal fees and a 3% commission payable to the agent for the Buyer, net cash proceeds at closing to Sunniva are expected to be approximately CA$3.2 million. Sunniva will retain ownership of 1167025 B.C. Ltd. and various equipment and assets currently on site.
Sunniva Announces Filing Of Notice Of Claim With Respect To Supply Agreement Of Sunniva Medical Inc.