Business
Sunniva Inc. receives all temporary state licenses in California and provides update on Cathedral City construction progress
Sunniva Inc. receives all temporary state licenses in California and provides update on Cathedral City construction progress.
About this update from Sunniva Inc
[{"type":"text","content":"\n\n\n\nSunniva Inc. receives all temporary state licenses in California and provides update on Cathedral City construction progress\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\n\n\n\n\n\nSunniva Inc. receives all temporary state licenses in California and provides update on Cathedral City construction progress\nCanada NewsWire\nVANCOUVER, April 12, 2018\n\n\n\nVANCOUVER, April 12, 2018 /CNW/ - \n\n\n\nSunniva Inc. (\"Sunniva\" or the \"Company\") (CSE:SNN) (OTCQX:SNNVF) is pleased to announce that its US subsidiaries have recently received all the necessary State of California temporary licenses (the \"Licenses\") for phase one and two for its purpose built state-of-the-art greenhouse cultivation facilities in Cathedral City, California (the \"Sunniva California Campus\"). \n\nAt this time, the State of California has only issued temporary licenses while they develop permanent regulations. The Company will apply, with all other license holders in the State of California, for annual state licenses within the next four months.\n\nThe Licenses will permit Sunniva to cultivate and process top quality medical and adult-use cannabis and cannabis products while accommodating other licensed cultivation businesses already selected who will leverage the services and infrastructure that the Sunniva California Campus provides. Those tenant cultivators (\"Tenants\") not only gain access to world class cultivation infrastructure, but also to Sunniva's genetics, management and consulting services, distribution network, processing and manufacturing capabilities, brand partnerships and retail relationships. Sunniva's Tenant relationships will have minimal impact to Sunniva's revenue and bottom line as it provides turn-key services to these third-party cultivation businesses. \n\nSunniva's US subsidiaries hold eight 10,000 sq. ft. cultivation licenses, two manufacturing licenses, one 22,000 sq. ft. cultivation license, one 22,000 sq. ft. nursery license, and one 10,000 sq. ft. nursery license. Sunniva will additionally lease seven 22,000 sq. ft. cultivation bays to these selected lice...