Brief: The Green Organic Dutchman Signs Sale Agreement And Leaseback For Its Quebec Facility

Cannara Biotech

10/06/2021 12:32

June 10 (Reuters) - Cannara Biotech Inc  LOVE.V :
    * THE GREEN ORGANIC DUTCHMAN SIGNS SALE AGREEMENT AND
LEASEBACK
FOR ITS QUEBEC FACILITY
    * GREEN ORGANIC DUTCHMAN HOLDINGS - GROSS TOTAL VALUE OF
$32.7
MILLION, CONSISTING OF SALE PRICE OF $27 MILLION, PLUS $5.7
MILLION FROM HYDRO QUEBEC DEPOSIT RETURN
    * GREEN ORGANIC DUTCHMAN HOLDINGS LTD - TGOD'S OPERATIONS TO
REMAIN IN VALLEYFIELD, THROUGH LEASEBACK AGREEMENT
    * GREEN ORGANIC DUTCHMAN HOLDINGS LTD - TGOD TO USE NET
PROCEEDS
TO ELIMINATE SENIOR TERM DEBT

Source text for Eikon:  ID:nCNWPHW8ca 
Further company coverage:  LOVE.V 

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