Emerald Health To Sell Quebec Cannabis Business To Quinto Resources

Emerald Health Therapeutics, Inc. (TSXV: EMH) (OTCQX: EMHTF) is selling its Quebec cannabis business to Quinto Resources Inc. (TSXV: QIT).

Under the share purchase deal, a Canadian gold exploration company agreed to buy Emerald’s wholly owned subsidiaries — Verdélite Sciences Inc., and Verdélite Property Holdings Inc. — for $21 million.

The transaction is expected to close on or before August 31, Emerald confirmed Friday.

The two subsidiaries own and operate the St. Eustache, Québec-based 88,000 square foot cannabis production …

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