SNNVF - Sunniva Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
0.1800
-0.0050 (-2.70%)
At close: 3:33PM EST
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Previous Close0.1850
Open0.1420
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.1420 - 0.1839
52 Week Range0.1000 - 4.1000
Volume22,714
Avg. Volume92,565
Market Cap6.009M
Beta (5Y Monthly)1.64
PE Ratio (TTM)N/A
EPS (TTM)-0.4780
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Sunniva Inc. Provides Update On Current Liquidity Position And Announces The Resignation Of A Board Member
    CNW Group

    Sunniva Inc. Provides Update On Current Liquidity Position And Announces The Resignation Of A Board Member

    VANCOUVER, British Columbia , Feb. 20, 2020 /CNW/ -- Sunniva Inc. ("Sunniva", the "Company", "we", "our" or "us") (SNN.CN) (SNNVF), announces that its wholly owned subsidiary, CP Logistics LLC, has secured a short term loan (the "Loan") in California for net proceeds of approximately USD$477,803 with a non-bank private lender as part of its ongoing efforts to manage current liquidity issues. The Loan has a term of 12 months, bears an interest rate of 12%, and is secured against Sunniva's warehouse located in Long Beach, California . This loan is one of the cash generating initiatives that we have been pursuing; however, our stakeholders should understand that as previously disclosed Sunniva continues to face significant business and financial challenges," said Dr. Anthony Holler , Chairman and CEO of Sunniva Inc. "In California, we are involved in a dispute related to the Cathedral City Glasshouse where the owner and landlord is seeking to terminate our lease.

  • Sunniva Inc. Announces Ceasing Operations Of Full-Scale Distributors, LLC
    PR Newswire

    Sunniva Inc. Announces Ceasing Operations Of Full-Scale Distributors, LLC

    Sunniva Inc. ("Sunniva" or the "Company") (CSE: SNN) (OTCQB: SNNVF), announces that as part of its previously stated cost saving measures through reducing its business activities in California it will be ceasing operations of its wholly owned subsidiary, Full-Scale Distributors, LLC ("FSD") by the end of February 2020.

  • CP Logistics, LLC Files Motion To Compel Arbitration In Dispute With Sunniva Production Campus, LLC and Announces The Resignation Of A Board Member
    CNW Group

    CP Logistics, LLC Files Motion To Compel Arbitration In Dispute With Sunniva Production Campus, LLC and Announces The Resignation Of A Board Member

    VANCOUVER, British Columbia , Jan. 14, 2020 /CNW/ -- Sunniva Inc. ("Sunniva" or the "Company") (CSE:SNN) (OTCQB:SNNVF), announces that its wholly owned subsidiary, CP Logistics, LLC ("CPL"), has filed a Motion to Compel Arbitration ("Motion") in California Superior Court for the County of Los Angeles (the "Court"), seeking to compel Sunniva Production Campus, LLC ("SPCL") to arbitrate its claim that CPL breached the payment terms of an Amended and Restated Promissory Note dated August 11, 2019 (the "Note") and to stay the Court action SPCL commenced on December 11, 2019 with respect to the Note. Through the filing of the Motion, CPL has asked the Court to restrain SPCL from attempting to avoid the Arbitration process.

  • Sunniva Responds To Filing Of Notice Of Claim With Respect To Finder's Fee Agreement
    CNW Group

    Sunniva Responds To Filing Of Notice Of Claim With Respect To Finder's Fee Agreement

    Sunniva Responds To Filing Of Notice Of Claim With Respect To Finder's Fee Agreement

  • Sunniva Responds To Filing Of Notice Of Claim With Respect To Finder's Fee Agreement
    PR Newswire

    Sunniva Responds To Filing Of Notice Of Claim With Respect To Finder's Fee Agreement

    Sunniva Inc. ("Sunniva", the "Company") (CSE: SNN) (OTCQB: SNNVF), has become aware that it has been named in a lawsuit (the "Lawsuit"), commenced in connection with amounts payable to IMK Management Services Inc. (the "Plaintiff") under a Finder's Fee Agreement (the "Agreement") dated January 28, 2019 with respect to the sale of Natural Health Services ("NHS"). The sale of NHS was completed on December 18, 2019. A notice of civil claim was filed in the Supreme Court of British Columbia on December 30, 2019 in respect of the Lawsuit. The Plaintiff is seeking judgement for an alleged amount due under the Agreement of CA $472,500. Sunniva has 21 days to respond to the notice of civil claim.

  • CP Logistics, LLC Reports That The Temporary Restraining Order Filing Against Sunniva Production Campus, LLC Was Denied
    PR Newswire

    CP Logistics, LLC Reports That The Temporary Restraining Order Filing Against Sunniva Production Campus, LLC Was Denied

    Sunniva Inc. ("Sunniva" or the "Company") (CSE: SNN) (OTCQB: SNNVF), announces that the previously reported application for a Temporary Restraining Order ("TRO"), filed by its wholly owned subsidiary, CP Logistics, LLC ("CPL"), against the Sunniva Production Campus, LLC ("SPCL") with respect to the Notice of Termination of Lease issued by SPCL, was denied in California Superior Court for the County of Riverside (the "Court") on December 24, 2019. The Company is continuing to assert its rights under the Lease and has submitted a Demand for Arbitration and Notice of Claims with JAMS, the world's largest private alternative dispute resolution provider, to initiate the arbitration process pursuant to the dispute resolution provisions of the Lease agreement for the property located at 69375 Ramon Road, Cathedral City, California.

  • CP Logistics LLC Files For Temporary Restraining Order Against Sunniva Production Campus, LLC In California Superior Court
    PR Newswire

    CP Logistics LLC Files For Temporary Restraining Order Against Sunniva Production Campus, LLC In California Superior Court

    Sunniva Inc. ("Sunniva" or the "Company") (CSE:SNN) (OTCQB:SNNVF), announces that its wholly owned subsidiary, CP Logistics LLC ("CPL"), has filed an application for a Temporary Restraining Order ("TRO") in California Superior Court for the County of Riverside (the "Court") and has submitted a Notice of Claims with JAMS, the world's largest private alternative dispute resolution provider, to initiate the arbitration process ("Arbitration") with respect to the previously disclosed Notice of Termination Letter issued by the Sunniva Production Campus, LLC ("SPCL") with respect the Lease related to the property located at 69375 Ramon Road, Cathedral City, California. Through the filing of the TRO, CPL will ask the Court to restrain SPCL from enforcing its alleged termination of the Lease until the Arbitration process is completed. The hearing for the application for a TRO will be held in Court on December 24, 2019.

  • Sunniva Inc. And CannaPharmaRx, Inc. Provide Update On The Sale Of Sunniva Medical Inc.
    PR Newswire

    Sunniva Inc. And CannaPharmaRx, Inc. Provide Update On The Sale Of Sunniva Medical Inc.

    Sunniva Inc. ("Sunniva", the "Company", "we", "our" or "us") (CSE:SNN, OTCQB:SNNVF) and CannaPharmaRx Canada Corp. ("CannaPharmaRx"), a subsidiary of CannaPharmaRx, Inc. (OTC Pink: CPMD) today jointly announce that while the previously announced December 20, 2019 outside date of the Share Purchase Agreement has passed, they continue to work towards completion of the sale of the shares of Sunniva Medical Inc. ("SMI") to CannaPharmaRx (the "SMI Transaction").

  • /C O R R E C T I O N -- Sunniva Inc./
    PR Newswire

    /C O R R E C T I O N -- Sunniva Inc./

    Sunniva Inc. ("Sunniva", "we", "our" or the "Company") (CSE:SNN, OTCQB:SNNVF) and Cura-Can Health Corp. ("Cura-Can") are pleased to announce the closing of the previously reported sale (the "Transaction") of Sunniva's wholly-owned subsidiary, Natural Health Services Ltd. ("NHS") on December 18, 2019. The original share purchase agreement (the "Original Agreement") dated September 10, 2019 was amended and restated (the "Amended and Restated Agreement") to set out a revised transaction structure under which Cura-Can, instead of its wholly-owned subsidiary, The Clinic Network Canada Inc. ("TCNC"), acquired NHS. Pursuant to the Transaction, Cura-Can paid a purchase price of CA $9,000,000 comprised of CA $250,000 in cash and CA $8,750,000 of security consideration through the issuance of 7,000,000 Class A common shares (the "Cura Shares") of Cura-Can (the "Consideration"). Sunniva is entitled to certain conversion rights for the Cura Shares based on Cura-Can's ability to effect a liquidity event for TCNC. The Consideration replaces the prior consideration for NHS pursuant to the Original Agreement of CA $4,500,000 million in cash and CA $4,500,000 million of security consideration through the issuance of 4,500,000 preferred shares of TCNC.

  • Sunniva Reports That The Ex Parte Application Filing In California Against CP Logistics, LLC Was Denied In Court
    PR Newswire

    Sunniva Reports That The Ex Parte Application Filing In California Against CP Logistics, LLC Was Denied In Court

    Sunniva Inc. ("Sunniva" or the "Company") (CSE:SNN) (OTCQB:SNNVF), has been advised that the previously reported ex parte application for a writ of attachment filed by Sunniva Production Campus, LLC ("SPCL" or the "Plaintiff") against CP Logistics, LLC ("CPL" or the "Defendant") and submitted to the court on December 17, 2019 has been denied by the Los Angeles County Superior Court.

  • Sunniva Responds To Ex Parte Application Filing In California Against CP Logistics, LLC With Respect to Outstanding Promissory Note
    CNW Group

    Sunniva Responds To Ex Parte Application Filing In California Against CP Logistics, LLC With Respect to Outstanding Promissory Note

    Sunniva Responds To Ex Parte Application Filing In California Against CP Logistics, LLC With Respect to Outstanding Promissory Note

  • Sunniva Provides Update Of California Operations As A Result Of The Current Legal Disputes
    CNW Group

    Sunniva Provides Update Of California Operations As A Result Of The Current Legal Disputes

    VANCOUVER, British Columbia , Dec. 13, 2019 /CNW/ -- Sunniva Inc. ("Sunniva", the "Company", "we", "our" or "us") (CSE:SNN, OTCQB:SNNVF) announced today it is taking steps to preserve its available funds to allow it to actively pursue its rights under the previously disclosed dispute related to the Build to Suit Lease of the Cathedral City Glasshouse and to deal with disputes with certain of its debt holders for due, and claimed due, debt. As part of these cost saving measures, the Company is reducing its business activities in California relating to both the extraction facility in Cathedral City and the distribution facility in Coachella while seeking opportunities to monetize both, and is actively pursuing the sale of the Long Beach warehouse.

  • Sunniva Responds To Filing Of Notice Of Claim With Respect To Promissory Notes
    CNW Group

    Sunniva Responds To Filing Of Notice Of Claim With Respect To Promissory Notes

    Sunniva Responds To Filing Of Notice Of Claim With Respect To Promissory Notes

  • Sunniva Inc. And CannaPharmaRx, Inc. Announce Extension To Outside Date Of Share Purchase Agreement For Sale Of Sunniva Medical Inc.
    PR Newswire

    Sunniva Inc. And CannaPharmaRx, Inc. Announce Extension To Outside Date Of Share Purchase Agreement For Sale Of Sunniva Medical Inc.

    Sunniva Inc. ("Sunniva", the "Company", "we", "our" or "us") (CSE:SNN, OTCQB:SNNVF) and CannaPharmaRx Canada Corp. ("CannaPharmaRx"), a subsidiary of CannaPharmaRx, Inc. (OTC Pink: CPMD) today jointly announce that they are extending the outside date of the Share Purchase Agreement previously announced on June 11, 2019 with respect to the sale of the shares of Sunniva Medical Inc. ("SMI") to CannaPharmaRx (the "SMI Transaction") until December 20, 2019. The terms of the SMI Transaction, as amended on October 2, 2019, otherwise remain unchanged, with the purchase price to be satisfied by way of CAD $16.0 million in cash (less outstanding indebtedness of SMI at closing) and CAD $4.0 million by way of a promissory note of CannaPharmaRx (the "CPMD Note"). The Company and CannaPharmaRx continue to work as expeditiously as possible to complete the transaction on or prior to the amended outside date.

  • Sunniva Inc. Announces Q3 2019 Financial Results And Dispute Related To Cathedral City Glasshouse
    PR Newswire

    Sunniva Inc. Announces Q3 2019 Financial Results And Dispute Related To Cathedral City Glasshouse

    Sunniva Inc. ("Sunniva", the "Company", "we", "our" or "us") (CSE:SNN) (OTCQB:SNNVF), a North American provider of cannabis products and services, today released its financial results and management's discussion and analysis for the three and nine months ended September 30, 2019. All figures are reported in Canadian dollars ($), unless otherwise indicated. Sunniva's financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS"). The Company also reports receipt of a 30-day notice of termination under its build to suit lease for the Cathedral City Glasshouse and notices of default regarding funding of the facility.