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LOS ANGELES, Sept. 10, 2020 (GLOBE NEWSWIRE) — Ventura Cannabis and Wellness Corp. (CSE:VCAN) (“Ventura Cannabis”, “VCAN”, or the “Company”) is pleased to announce that final pricing has now been determined for the Company’s sale of Cathedral Asset Holding Corporation (“CAHC” or “Cathedral”) to Vibe Bioscience (CSE:VIBE) (“Buyer”) described in its press release of August 30, 2020. Closing of the sale of CAHC remains subject to the completion of a routine inventory inspection and the closing is anticipated to take place on September 15, 2020.
On August 30 and 31, 2020, Ventura announced it had sold its cannabis assets for a total of $2,222,400 exchangeable for common shares in the Buyer in two tranches: (1) $333,360, and (2)…