Replies to post #563 on Sunniva Inc (SNNVF)

[PotterBanker]

Sunniva Inc. Closes Previously Announced Okanagan Falls Property Purchase

https://www.prnewswire.com/news-releases/sunniva-inc-closes-previously-announced-okanagan-falls-property-purchase-300667504.html

VANCOUVER, June 18, 2018 /PRNewswire/ - Sunniva Inc. ("Sunniva" or the "Company") (CSE:SNN) (OTCQX:SNNVF), a North American provider of cannabis products and services, is pleased to announce that its wholly-owned subsidiary, Sunniva Medical Inc. ("SMI"), has closed its previously announced purchase of the 126-acre industrial zoned property in Okanagan Falls, BC, the site of the Sunniva Canada Campus (the "Campus"). The total consideration for the purchase was $7 million which was paid through a combination of $3.5 million in cash and the balance through a vendor take back mortgage financing ("VTBMF"). The VTBMF is for a one-year term with an interest rate of 5% per annum.