VANCOUVER, British Columbia, Dec. 16, 2019 Sunniva Inc. ("Sunniva" or the "Company') (CSE:SNN) (OTCQB:SNNVF), has been advised that Sunniva Production Campus, LLC ("SPCL" or the "Plaintiff") will be making an ex parte application in the Los Angeles County Superior Court on December 16, 2019 against CP Logistics, LLC ("CPL" or the "Defendant"), a wholly owned subsidiary of Sunniva, to secure the funds at issue with respect to the previously reported Notice of Maturity Default relating to outstanding amounts due under of an Amended and Restated Promissory Note dated August 11, 2019, payable to SPCL by CPL.
CPL intends to vigorously defend this action.
For more information about the Company please visit: www.sunniva.com.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information or Statements
This press release contains forward-looking information or statements. All statements that are or information which is not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, statements regarding Sunniva's operations and growth opportunities, and CP Logistics LLC's intent to vigorously defend the Lawsuit are "forward-looking information or statements". Forward-looking information or statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. With respect to forward-looking information and statements contained herein, Sunniva has made numerous assumptions including, among other things, assumptions about general business and economic conditions. Such forward-looking statements are based on assumptions and involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking information or statements. Such risks and uncertainties include, among others, the risk factors included in the Sunniva's continuous disclosure documents available on www.sedar.com. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking information or statements. Although Sunniva has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking information or statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking information or statements. Sunniva assumes no obligation to update any forward-looking information or statements, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.
Sunniva Investor Relations
Dr. Anthony Holler
Chairman and Chief Executive Officer
VP Corporate Development
Phone: (866) 786-6482
Phone: (587) 430-0680
SOURCE Sunniva Inc.