QualityStocksNewsBreaks – RIV Capital Inc. (TSX: RIV) (OTC: CNPOF) Announces PharmHouse GreenHouse Facility Sale
RIV Capital (TSX: RIV) (OTC: CNPOF), an investment and acquisition company specializing in cannabis, announced that through its sale and investment solicitation process, PharmHouse Inc. completed the sale of its greenhouse facility. The transaction was based on its asset purchase agreement with a company related to Sensei Ag Holdings Inc. PharmHouse noted that it plans to use the proceeds from the sale to reduce its debt. Following the closing of the PharmHouse sale, RIV Capital made a cash payment of an estimated $7.5 million to lenders. The announcement noted that any remaining cash left after fulfillment of the debt obligation will…