Sunniva Inc. ("Sunniva", the "Company", "we", or "our") (CSE: SNN, OTC Pink Sheets: SNNVF) reports that on September 1, 2020, a Unified Trustee's Sale was held in Corona, California whereby Bobs LLC, successfully foreclosed on the Cathedral City Glasshouse in Cathedral City, California which was owned by the Ramon Road Production Campus, LLC ("RRPC"). Bobs LLC now becomes the sole owner of the Cathedral City Glasshouse and land and in turn, the landlord at the Ramon Road property.
Sunniva Inc. ("Sunniva", the "Company") (CSE: SNN)(OTC Pink Sheets: SNNVF), reports that on August 13, 2020, the Supreme Court of British Columbia awarded judgment in favor of IMK Management Services Inc. with respect to the previously filed notice of civil claim in connection with amounts payable to under a Finder's Fee Agreement (the "Agreement") dated January 28, 2019 with respect to the sale of Natural Health Services Inc. The judgment is for the full amount due under the Agreement of CA $472,500 plus interest and costs.
Sunniva Inc. ("Sunniva", the "Company", "we", or "our") (CSE:SNN, OTCQB:SNNVF) is pleased to announce that its wholly-owned subsidiary 1167025 B.C. Ltd. has closed the previously reported sale of its OK Falls Property (the "Property") to an unrelated British Columbia investment company (the "Buyer") for gross proceeds of CA$6,800,000. Following discharge of the existing mortgage on the Property and other anticipated closing costs, including legal fees and a 3% commission payable to the agents 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.