Vida Cannabis Corp. has announced the accelerated closing of the purchase of the Stellarton facility by its wholly owned subsidiary Vida Cannabis (Canada) Ltd.
The new closing date will now be by the end of March 2014 instead of April 15, 2014.
We believe that the 'shorter than anticipated' negotiation is indicative of the Town of Stellarton's shared vision with Vida Cannabis, the company stated in a release.
Town provided its approval during an in camera session at the council meeting on March 10.
Greg Wilson, CEO of Vida Cannabis, stated: "We are thankful to the Town of Stellarton for its continuous support. We are excited about the facility and are eager to begin renovations. We cannot wait to be its proud owners. This will be a leap towards obtaining approval from Health Canada."â€¨