Fiore Cannabis Completes Sale of Celista, B.C. Asset to Put Major Focus on Core U.S. Markets
Cannabis company putting focus and energy into Nevada and California markets with final Canadian asset successfully sold
- The Definitive Agreement enables Fiore to clean up its balance sheet by eliminating approximately $3.9 million of total liabilities, including a mortgage and other obligations.
- "Completing the sale of the Celista asset is a welcomed win for our organization," said Erik Anderson, President and CEO of Fiore Cannabis.
- "In doing so we clean up our balance sheet and can further allocate funding to our key markets in Nevada and California.
- Fiore Cannabis Ltd. (CSE: FIOR) (OTCQX: FIORF) is a publicly traded company that has been investing in the development of recreational and medical cannabis products since 2014.