Sunniva Picks Site for Future Facility

Sunniva (CSE:SNN; OTCQX:SNNVF) announced it selected a 126 acre site on Okanagan Falls, B.C. to build its Sunniva Canada Campus.

As quoted in the press release:

The Company’s wholly-owned subsidiary, Sunniva Medical Inc. (“SMI“), has entered into a purchase and sale agreement to acquire the entire 126-acre industrial zoned property for a purchase price of $7 million.

As part of the site selection process, the Company reviewed several options, including leasing land from the Osoyoos Indian Band in Senkulmen Business Park, Oliver, British Columbia. After consideration of a number of factors, including the ability to purchase and own the land and future expansion opportunities, the Company determined that the Okanagan Falls site provides superior benefits and flexibility.

Click here to read the full press release.

Source: www.newsfilecorp.com