Origin House (CSE:OH) announced its subsidiary, CRHC completed the sale of 51 percent of its 10 percent equity stake in Bodhi Research to Green Relief.
As quoted in the press release:
As consideration for the Share Purchase, Green Relief has paid CRHC C$1.74 million in Green Relief common shares.
“This transaction represents continued progress against our stated commitment to create shareholder value by monetizing high-quality assets, not directly used to support and expand the Company’s distribution and brand network in its core market of California. We are equally pleased for Dr. Neilank Jha and his team, who will have an opportunity with Green Relief, to focus on executing the future vision of the company. The significant gain from this early investment along with similar transactions Origin House has executed over the past year, highlights our team’s successful track record in identifying strategic segments within the cannabis industry and generating substantial returns for shareholders,” said Marc Lustig, Chairman and CEO of Origin House.