Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Selects and Breaks Ground on Okanagan Falls Site for Canadian Cannabis Facility

May 9, 2018 10:08:44
  • 126-acre property purchased for $7 million for construction of Sunniva’s Canadian facility
  • Grading work has started on the site, and development applications have been submitted
  • Sunniva is one of the largest cannabis producers operating in Canada and California
  • Sunniva California Campus in Cathedral City expected to be operational in late Q3 2018

On May 3, 2018, Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) announced that it had selected a 126-acre site in Okanagan Falls, British Columbia, for the construction of its Sunniva Canada Campus and had broken ground. The industrial zoned property was acquired by the company’s wholly owned subsidiary, Sunniva Medical Inc., for a purchase price of $7 million (http://nnw.fm/6joyU).

Sunniva had considered several options in its site selection process, including leasing land from the Osoyoos Indian Band in Senkulmen Business Park in Oliver, British Columbia. Ultimately, after consideration of a number of factors…

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