Liberty Health Sciences announces definitive agreement for the acquisition of a 387-acre parcel of land in … – Markets Insider

Acquisition includes 200,000 square feet of greenhouse and processing facilities and a cash balance of up to $17.3 million

TORONTO, Jan. 31, 2018 /PRNewswire/ – Liberty Health Sciences Inc. (CSE: LHS) (OTCQX: LHSIF) (“Liberty” or the “Company“) announced today that it has entered into a definitive share purchase agreement (the “Definitive Agreement“) with 242 Cannabis Canada Ltd. to acquire all of the issued and outstanding shares (the “Purchased Shares“) of its wholly-owned subsidiary, 242 Cannabis, LLC, a Florida limited liability company, which includes a 387-acre parcel of land in Gainesville, Florida (the “Property“) which was previously owned by Alico Citrus Nursery, LLC, a Florida limited liability company (“Alico“). 

The Property includes over 200,000 square feet of state-of-art greenhouses, head houses, tissue culture lab and processing facilities. Liberty plans to retrofit the facilities over the coming months to include a 16,000-square-foot processing area that will be used for extraction and refining of cannabis oils. It will be equipped to produce vaporizer products including preloaded disposable pens, cartridges and pods. Liberty will continue to offer other dosage forms such as capsules, oral

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