PUF Ventures (CSE:PUF, Frankfurt:PU3) a company moving into the biomedical cannabis sector, announced it elected an early termination of their third party mortgage debt related to its purchase of private Ontario cannabis company AAA Heidelberg.
As quoted in the press release:
The principal mortgage balance has now been paid in full thus resulting in the property being wholly owned by AAA Heidelberg.
Further, PUF has now developed a final construction plan for completion of the AAA Heidelberg facility. The final elements of the build-out will commence in short order. Since successfully completing and exiting the “Security Clearance” stage in late October of 2015, the Company has been steadily progressing through Stage 5, the “Review” stage. With an adherence to the highest level of pharmaceutical standards, AAA Heidelberg has completed a significant retrofit of the wholly owned facility.
Final construction plans will focus on completion of the front-office space, personnel common rooms, and security upgrades of the perimeter fencing, vault and digital camera schematic.