As part of President Biden's Investing in America agenda, the U.S. Department of Energy (DOE) today (May 10) announced $26 million for eight selected projects to demonstrate how solar, wind, stor. . .
The U.S. Department of Energy (DOE) has announced $26 million for eight selected projects to demonstrate how solar, wind, storage, and other clean energy resources can support a reliable and efficient U.S. power grid. Funded by the President’s
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UK Oil & Gas (UKOG) has announced operational updates in respect of its key Turkiye and Portland Hydrogen/Energy Hub projects, together with an outline of its near-term forward strategy.
C21 Investments Inc.: C21 Announces Divestment of Non-Core Assets in Oregon
Vancouver, British Columbia--(Newsfile Corp. - January 7, 2021) - C21 Investments Inc. (CSE: CXXI
) (OTCQX: CXXIF) ("C21" or the "Company"), a leading vertically integrated cannabis company, today announces the divestment of select non-core assets in Oregon and provides an update on convertible debenture conversion, including C$4.7 million in funds to the Company on warrants exercised. (All currency is in U.S. dollars unless otherwise noted.
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C21 has signed a definitive agreement for the sale of select non-core assets in Oregon, currently under third-party management agreements as outlined in the press release dated August 4, 2020, for $1.3 million. These assets include the Company's Portland processing equipment, the Dab Society brand, a retail and wholesale license, including the assumption of respective leases. The Company has received a $300,000 cash down payment with an additional $200,000 to be paid over a two-month term. The Company will receive escrow installments of $100,000 per month with the balance outstanding payable upon transfer of the licenses.