NF is selling their Washington facility New Age Farm Signs LOI to Sell Washington State Facility
C.NF | December 8, 2017
New Age Farm Signs LOI to Sell Washington State Facility
Vancouver, British Columbia (FSCwire) - New Age Farm Inc. (CSE:NF) (OTC:NWGFF) (FSE:ONF) (www.newagefarminc.com) (“New Age Farm” or the “Company”) announces it has entered into a letter of intent (the “LOI”) with two Washington State entities (the “Purchasers”) that will result in the sale of the Oroville facility and all related assets, tenant-grower leases, and fixtures upon the signing of a definitive agreement (the “Definitive Agreement”).
Further to the Company’s news releases of November 15, 2017 and December 7, 2017, the board of directors and management have accepted an LOI to sell all related assets, property, leases and fixtures to the Purchasers for consideration in cash and shares of approximately US $2.5 million.
Read more at https://www.stockhouse.com/news/press-releases/2017/12/08/new-age-farm-signs-loi-to-sell-washington-state-facility#Hfz9yuBGFlWvfigV.99