Liberty Well being Sciences Sells Alachua, FL Property Alongside With Ohio Primarily based Property

TORONTO, Aug. 19, 2019 /CNW/ – Liberty Well being Sciences Inc. (CSE: LHS) (OTCQX: LHSIF) www.libertyhealthsciences.com (“Liberty” or the “Firm”), a supplier of top quality cannabis, introduced the sale, through its subsidiaries, of sure of its belongings in Florida and considerably all of its belongings in Ohio, in a transaction that was accomplished at present.

The Firm is promoting 36 acres of land, comprising its Chestnut Hill Tree Farm web site in Alachua County, Florida, in addition to all of its belongings in Ohio, for an combination complete of for US$14,750,000 to an arm’s size purchaser.

In Florida, the Chestnut Hill Tree Farm web site consists of greenhouses comprising a complete develop area of roughly 21,600 sq. ft, in addition to numerous different buildings totaling roughly 23,300 sq. ft and sure private property positioned on the positioning.

In Ohio, the belongings encompass the sale of 50.0% of the Firm’s oblique 50.1% pursuits in every of three joint ventures, together with a dispensary license working underneath the commerce identify “Mad River Cures” and a provisional processing license.

In 2019, Liberty has shifted its focus to its 387-acre LHS 360º Innovation Campus in Gainesville, Florida (“Liberty 360”) and accomplished the cultivation portion of its retrofit actions at Liberty 360 this previous March, bringing 190,000 sq. ft of greenhouses on-line. Liberty 360 is a state-of-the-art cannabis facility with large-scale cultivation area and modern manufacturing expertise.

Our major focus has been on increasing Liberty 360 facility positioned in Gainesville. Rising our cultivation, processing, manufacturing, and distribution areas has been pivotal to help the allotment of dispensaries in Florida.

Victor Mancebo, Interim Chief Govt Officer of Liberty

At Liberty 360 we now have loads of room to develop and overcompensate for the market demand. We plan on initiating ethanol extraction by October 2019, which can assist us expedite our total extraction course of together with sustaining our CO2 extraction for sure merchandise.

Liberty presently operates 16 dispensaries throughout Florida, within the places listed beneath:

• Dania Seaside

• North Miami

• Miami

• Port St. Lucie

• Palm Harbor

• Summerfield

• St. Petersburg

• Orange Park

• Tampa (Hyde Park)

• Gainesville

• Winter Haven

• Cape Coral

• Merritt Island

• Boca Raton

• Tallahassee

• Bonita Springs

About Liberty Well being Sciences Inc.

Liberty is the cannabis supplier dedicated to offering a high-quality cannabis expertise based mostly on our real look after all cannabis customers and a deal with operational excellence from seed to sale. For extra data, please go to: www.libertyhealthsciences.com

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