The TSX Venture Exchange has accepted for filing documentation the asset purchase agreement dated Nov. 3, 2022. Pursuant to the terms of the agreement, the company has agreed to sell 100 per cent of the assets used in its aquaponics farming business to an arm's-length party. In consideration of the agreement, the purchaser shall pay to the company a cash payment of $200,000 and the purchaser shall assume up to $3.5-million in liabilities and obligations of the aquaponics segment, including accounts payable, liabilities and obligations related to the aquaponics segment. The company's shareholders have approved the transaction at its annual and special meeting of shareholders on Dec. 23, 2022.

Insider/pro group participation:  none

For further information, please reference the company's news releases dated Nov. 3, 2022, Dec. 3, 2022, Jan. 3, 2023, and Oct. 12, 2023.