CordovaCann Provides Update On The Closing Of Oregon-Based Cannabis-Related Assets And The Launch Of Retail Dispensary Business

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Jun 07, 2019
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TORONTO, ON / ACCESSWIRE / June 7, 2019 / CordovaCann Corp. (CSE: CDVA) (OTCQB: LVRLF) ("Cordova" or the "Company"), a cannabis-focused consumer products company, announced today that the Company has established a targeted closing date of June 18, 2019 for Cordova to purchase the remaining membership interest in Cordova OR Operations, LLC ("Cordova OR") that has title to 6 acres of real estate in Clackamas Country, Oregon as well as other equipment and assets utilized in connection to a licensed cultivation facility on the premises. Upon closing of the transaction, the Company will own a 100% membership interest in Cordova OR. The Company has also secured a Recreational Retail License issued by the Oregon Liquor Control Commission (the "OLCC") for a retail dispensary in the city of Portland, Oregon.