VANCOUVER, BC / ACCESSWIRE / January 20, 2021 / World-Class Extractions Inc. (CSE:PUMP)(FRA:WCF)(OTCQB:WCEXF) (the "Company" or "World-Class"), reports that it has sold its 50% interest in Cobra Ventures Inc. ("Cobra"), which sale included all funds previously advanced by World Class to Cobra, to the remaining shareholder of Cobra, for $2,500,000 in cash.
An investment group led by Richard Goldstein retains 100% control of Cobra, and its senior secured debenture of Hydrx Farms Ltd. ("Hydrx"), acquired by Cobra in October 2020.
Rosy Mondin, CEO of World-Class, has also resigned as a director and officer of Hydrx and Leo Chamberland, President of World-Class, has resigned as a director and officer of Cobra. World-Class will have no ongoing role or interest in Cobra or Hydrx.