IGC Pharma Inc. announced that its subsidiary, Holi Hemp LLC, has entered into an agreement to sell equipment, inventory, and a ready-to-move facility to Wellness Essentials Northwest Inc. for approximately $2.7 million, pending an auditor's valuation review. The deal also grants IGC Pharma preferential supply rights and entitles it to 10% of net proceeds if the business is resold within five years. The transaction is subject to customary closing conditions.
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