BCC.V) (OTC PINK: CBICF) The Canadian Bioceutical Corporation (the "Company" or "BCC") today announced that the Company has signed a letter of intent (LOI) to acquire the assets of PerkAZ Property LLC, an Arizona registered company active in the cannabis space. Completion of the transaction, subject to customary closing conditions, is anticipated within one week." class="canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm" data-type="text" data-reactid="6" style>(BCC.V) (OTC PINK: CBICF) The Canadian Bioceutical Corporation (the "Company" or "BCC") today announced that the Company has signed a letter of intent (LOI) to acquire the assets of PerkAZ Property LLC, an Arizona registered company active in the cannabis space. Completion of the transaction, subject to customary closing conditions, is anticipated within one week.
The transaction is to include a Management Agreement with Healing Center Wellness Center LLC (THC), a licensee under the Arizona Medical Marijuana Act (AMMA), as well as 44.3 acres of land in Chino Valley, AZ, zoned and permitted for the cultivation of cannabis.
More details on the transaction, including operations going forward will be disclosed upon closing.
