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Investments Include Banks, Tech, Farming

With $30.1 million raised, Tempus USF LLC of Little Rock tops Arkansas Business list of the largest private investment offerings ranked by total investment amount sold. ....

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GB Sciences Receives $4,150,000 and Completes the Sale of Its Louisiana Operations to Wellcana Plus

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LAS VEGAS, NV / ACCESSWIRE / January 12, 2021 / GB Sciences, Inc. (OTCQB:GBLX) completed the sale of its remaining interest in GB Sciences Louisiana LLC ( GBSLA ) on December 16, 2020.
In November 2019, the Company entered into a Membership Interest Purchase Agreement (the Agreement ) with Wellcana Plus, LLC ( Wellcana ), whereby Wellcana would acquire the Company s 50% membership interest in GBSLA. Since then, certain modifications of the Agreement had taken place so GB Sciences would be paid a total of $4,900,000: $4,150,000 in one lump sum at closing, in addition to the $750,000 already received, rather than over time to complete the sale to Wellcana. A portion of the proceeds from this sale were used to completely satisfy the Company s obligations to Iliad Reseach and Trading, LP. ....

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