secwatch.observer — SEC 8-K summary
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Issuer:     IGC Pharma, Inc. (IGC)
CIK:        0001326205
Form:       8-K
Filed at:   2025-10-01T23:59:59+00:00
Accession:  0001185185-25-001326
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326205/000118518525001326/0001185185-25-001326-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326205/000118518525001326/igc8k100125.htm
  HTML page:      https://secwatch.observer/filing/0001185185-25-001326

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