Ventura Cannabis To Sell California And Oregon Assets To Vibe Bioscience

Ventura Cannabis and Wellness Corp. (CSE: VCAN) opted to sell some assets in California and Oregon to Vibe Bioscience Ltd. (CSE: VIBE).

Ventura’s Chairman, Lloyd Kaplan, said Monday the board has determined that “selling the company’s assets to another CSE listed cannabis company and delisting is the best path forward for the company and most importantly its shareholders.”

California Acquisition

The Sacramento-based cannabis retailer agreed to purchase Ventura’s subsidiary – Cathedral Asset Holding Corporation – as well as distribution and manufacturing assets in Santa Rosa.

Pursuant to the agreement, Vibe will obtain 100% of Cathedral’s issued and outstanding shares for CA$333,360.

It …

Full story available on Benzinga.com

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