Sunniva Inc (OTCMKTS:SNNVF) has purchased the 126-acre Industrial Zoned Property based in Okanagan Falls, BC through Sunniva Medical Inc., its wholly owned subsidiary. The deal is valued at $7 million, which includes the cash payment of $3.5 million and the balance through mortgage financing. It has state of the art green housing that spans an area of 740,000 sq. ft.
Sunniva Medical Inc Gets the Development Permits from Similkameen to Construct The Facility
Sunniva Medical Inc has obtained the development license from Similkameen, a regional district of Okanagan, to build the facility. The company will commence the next phase of foundation work this week.
The campus will deploy a customized and automation assembly line cultivation at a large scale. The company will maintain the precise growing conditions by utilizing the adaptive and dynamic microclimatic controls while harnessing the energy from Sun.
CP Logistics, LLC Wins An Extension Contract From Cali Gold
CP Logistics, LLC, a subsidiary of Sunniva Inc., has won an extension contract from Cali Gold. As per the terms of the contract, the Sun Oil facility of the company will supply ultra purified and good quality distilled oil products to Cali Gold for use in vaporization cartridges. The contract is valid for 12 months. It can be renewed for another 12 months based on the request from Cali Gold at the expiry of the current contract.
Full-Scale Distributors, LLC Supplies Hardware to Cali Gold
Full-Scale Distributors, LLC, a wholly owned subsidiary of Sunniva Inc., will supply vaporization hardware and accessories to Cali Gold.
Cali Gold will utilize the expertize of Sunniva Inc to launch 10 to 15 innovative products in the next 6 months. Founder and Chief Executive Officer, Daniel Hood said the company is pleased to expand the product. He said Sunniva Inc is the right manufacturer for its products.
The Sun-Oil Facility has a monthly production capacity of more than 600,000 filled vaporization cartridges. It has a license to produce all types of extracted products.
Brief Information about Sunniva Inc
The cannabis company Sunniva Inc operates in California, the US; and Canada, the largest markets for cannabis.