IGC Pharma subsidiary sells assets and facility to Wellness Essentials for ~$2.7M

IGC Pharma, Inc.

Holi Hemp sold equipment, inventory, and Vancouver ready-to-move facility to Wellness Essentials Northwest.
Fair value of ~$2.7M, subject to auditor valuation review and board approvals as closing conditions.
Buyer assumes employee, utility, and lease obligations; HHP pays health insurance through Nov 30, 2025.
Seller gets preferential supply rights with 20% min margin plus 10-20% additional margins for 2028-2030.
If Buyer sells operating business within 5 years, Seller receives 10% of net proceeds.

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