Elite Pharmaceuticals Inc (ELTP): Just 6 days after getting the $12m loan:...

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Elite Pharmaceuticals Inc (ELTP)

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Re: The ELTP King post# 370668

Thursday, 06/30/2022 9:03:10 AM

Thursday, June 30, 2022 9:03:10 AM

Just 6 days after getting the $12m loan:

On April 8, 2022, the Company entered into an Asset Purchase Agreement to purchase the building located at 135-137 Ludlow Avenue in Northvale NJ and is currently in escrow. The Company has leased the entire 35,000 square feet of floor space since 2014. This property is occupied by the Company’s Quality Assurance department, commercial manufacturing, packaging, and warehouse. The closing date is expected to take place in July 2022

LMFAO

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