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Sunniva Inc. Reports On Trustee's Sale Of The Cathedral City Glasshouse To Bobs LLC
Sunniva Inc. Reports On Trustee's Sale Of The Cathedral City Glasshouse To Bobs LLC.
About this update from Sunniva Inc
[{"type":"text","content":"\n\n\n\nSunniva Inc. Reports On Trustee's Sale Of The Cathedral City Glasshouse To Bobs 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:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\n}\n\n\n\n\n\n\nSunniva Inc. Reports On Trustee's Sale Of The Cathedral City Glasshouse To Bobs LLC\nCanada NewsWire\nVANCOUVER, BC, Sept. 2, 2020\n\n\n\nVANCOUVER, BC, Sept. 2, 2020 /CNW/ -- Sunniva Inc. (\"Sunniva\", the \"Company\", \"we\", or \"our\") (CSE: SNN, OTC Pink Sheets: SNNVF) reports that on September 1, 2020, a Unified Trustee's Sale was held in Corona, California whereby Bobs LLC, successfully foreclosed on the Cathedral City Glasshouse in Cathedral City, California which was owned by the Ramon Road Production Campus, LLC (\"RRPC\").  Bobs LLC now becomes the sole owner of the Cathedral City Glasshouse and land and in turn, the landlord at the Ramon Road property. \n\n \n \n \n \n \n \n\n \nNotwithstanding the foreclosure, CP Logistics LLC (\"CPL\"), a wholly owned subsidiary of Sunniva, remains the tenant in the Cathedral City Glasshouse under the existing Build to Suit Lease subject to the terms of the Lease and a Subordination, Nondisturbance and Attornment Agreement previously entered into between RRPC, Bobs LLC and CPL. The CPL lease rights are subject to arbitration currently underway through JAMS in California.  JAMS is the world's largest private alternative dispute resolution provider.\nFor more information about the Company please visit: www.sunniva.com  The 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 or information that are not historical facts, including without limitation, statements regarding futu...