Blue Diamond Ventures Inc (BLDV)

[Gemma]

Its not CANN10 that's buying

VANCOUVER, British Columbia , June 12, 2019 /CNW/ -- Sunniva Inc. ("Sunniva") (CSE:SNN, OTCQB:SNNVF) and CannaPharmaRx, Inc. ("CannaPharmaRx") (OTC Pink: CPMD) are pleased to announce that they have entered into a share purchase agreement dated June 11, 2019 , pursuant to which Sunniva has agreed to sell Sunniva Medical Inc. ("SMI") to CannaPharmaRx in an all-cash transaction for CAD $20 million less certain outstanding liabilities in SMI, including the mortgage on the property. Net proceeds payable to Sunniva are anticipated to be approximately CAD $15.5 million . Closing is anticipated to occur on or around July 5, 2019 . Effectiveness of the agreement is subject to certain closing conditions including completion of a financial audit of SMI and receipt of sufficient financing by the Purchaser.