Greenway Closes Sale of Surplus Asset

Greenway Greenhouse Cannabis Corporation (CNW Group/Greenway Greenhouse Cannabis Corporation)
Greenway Greenhouse Cannabis Corporation (CNW Group/Greenway Greenhouse Cannabis Corporation)

KINGSVILLE, ON –

Greenway Greenhouse Cannabis Corporation (CSE: GWAY) (OTC: GWAYF) (“Greenway” or the “Company”), a cultivator of high-quality greenhouse cannabis for the Canadian market, is pleased to announce that it has closed the sale of the surplus asset, for a price of $7,500,000 CAD.

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As previously announced, the property being sold is a 10-acre hydroponic greenhouse. The proceeds were used to payout a bank credit facility of $5,185,000, with the remainder used for working capital and general corporate purposes. The Company has recently finished an expansion at their main facility which it uses for cannabis operations.

About Greenway

Greenway Greenhouse Cannabis Corporation is a federally licensed cultivator for the Canadian cannabis marketplace. Greenway is headquartered in Kingsville, Ontario, and leverages its agriculture and cannabis expertise in its aspiration to be a leading cannabis cultivator in Canada. More information can be found on Greenway.ca and updates can be followed on Instagram, Twitter, Facebook, and LinkedIn.

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