---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-21-002989"
form_type: "8-K"
ticker: "CPMD"
cik: "0001081938"
company_name: "CANNAPHARMARX, INC."
filed_at: "2021-07-16T23:59:59+00:00"
generated_at: "2026-06-30T04:43:31.981659+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# CannaPharmaRx sells Hanover facility for $2M CAD to reduce debt

## Summary
- Sold Hanover, Ontario facility for $2,000,000 CAD, including 10 acres and 48,800 sq ft of growing space.
- Sale unanimously approved by senior management; proceeds to eliminate debt and liabilities.
- CEO Nick Colvin states sale will 'vastly improve the bottom line of our balance sheet'.
- Company cites focus on more technologically advanced facilities as reason for divestiture.

## SEC filing metadata
- accession: 0001683168-21-002989
- form_type: 8-K
- ticker: CPMD
- cik: 0001081938
- company_name: CANNAPHARMARX, INC.
- filed_at: 2021-07-16T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1081938/000168316821002989/0001683168-21-002989-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1081938/000168316821002989/cannapharma_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-21-002989
- JSON: https://secwatch.observer/filing/0001683168-21-002989.json
- Plain text: https://secwatch.observer/filing/0001683168-21-002989.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.