Business
Sunniva Inc. Announces Ceasing Operations Of Full-Scale Distributors, LLC
Sunniva Inc. Announces Ceasing Operations Of Full-Scale Distributors, LLC.
About this update from Sunniva Inc
[{"type":"text","content":"\n\n\n\nSunniva Inc. Announces Ceasing Operations Of Full-Scale Distributors, LLC\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n\n\n\n\n\n\nSunniva Inc. Announces Ceasing Operations Of Full-Scale Distributors, LLC\nPR Newswire\nVANCOUVER, British Columbia, Jan. 27, 2020\n\n\n\nVANCOUVER, British Columbia, Jan. 27, 2020 /PRNewswire/ -- Sunniva Inc. (\"Sunniva\" or the \"Company\") (CSE: SNN) (OTCQB: SNNVF), announces that as part of its previously stated cost saving measures through reducing its business activities in California it will be ceasing operations of its wholly owned subsidiary, Full-Scale Distributors, LLC (\"FSD\") by the end of February 2020.\n\n \n \n\n \n\"The closing of FSD is a necessary step that will eliminate the cash outlay required to operate that business,\" stated Dr. Anthony Holler, Chairman & CEO of Sunniva Inc. \"We continue to focus on the preservation of our available funds to allow us to actively defend Sunniva's rights under the previously disclosed dispute related to the Build to Suit Lease of the Cathedral City Glasshouse.\"\nWhile the Company believes that it has strong legal positions with respect to the announced dispute and is taking steps to exert its position, there can be no certainty that the Company will ultimately prevail or that it will be able to deal with all of its debt as it becomes due.  \nFor more information about the Company please visit: www.sunniva.com.\nThe Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.\nCautionary Note Regarding Forward-Looking Information or Statements\nThis press release contains forward-looking information or statements. All statements that are or information which is not historical facts, including without limitation, statements regarding future estimates, plans, programs...