BZAM Ltd. announced that, further to its September 19, 2023 news release, the Company has now completed the sale of its Maple Ridge, BC facility. Per the sale agreement between the Company and an arms-length party, total gross proceeds received from the Transaction were $3,800,000. In keeping with the Company's plan to reduce debt, fifty percent of the total net proceeds from the Transaction, after commission and costs, amounting to $1,845,842, has been applied to the term portion of the Company's credit facility. The remaining proceeds will be held in cash.
For more information:
BZAM Cannabis
www.bzam.com
Sign up for our daily Newsletter and stay up to date with all the latest news!
Subscribe I am already a subscriber