CannaPharmaRx signs LOI to acquire Oklahoma cannabis facility with $21M estimated annual revenue

CANNAPHARMARX, INC.

Signed LOI to purchase 35,000 sq ft operating cannabis facility in Braman, OK; planned expansion to 65,000 sq ft by end of 2022.
Acquisition via secured note; expected closing before March 31, 2022; includes license transfer.
Facility estimated to generate ~$21M annual revenue; combined with Cremona facility projects $40-50M revenue.
Oral offtake commitments obtained; CEO expects significant revenue recognition in early Q2.

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