Pac Roots Cannabis Corp. (CSE: PACR) Adds 250 Acres of Premium Fraser Valley Land to Portfolio

October 1, 2020 13:00:05
  • PACR bought nine parcels comprising 250 acres of land in Fraser Valley, British Columbia
  • Share purchase agreement worth $1.5 million cash plus 3 million common shares
  • PACR leverages genetic technology to produce high-yield cannabinoid-specific cultivars that thrive in B.C. climate

Pac Roots Cannabis (CSE: PACR), an innovative genetics-based cannabis company based in Canada, has just added 250 acres of premium Fraser Valley land to its portfolio. One of the most intensively farmed areas in Canada, the Fraser Valley generates the most significant farm income of any region in British Columbia. Boasting high-quality soils, a favorable climate, accessible water, and close proximity to educational and research institutions, this strategic acquisition will lend PACR added momentum in fulfilling its mission of leveraging genetics technology to cultivate specialized cannabinoid-specific strains for the production of top-quality cannabis products.

The company recently announced the closing of the share purchase agreement with the land’s shareholders that include 1088070 BC. LTD., Dave Jonkman and Norm Tapp. In exchange for the 250 acres of land, PACR agreed to pay an aggregate of $1.5 million in cash along with issuing an aggregate of…

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