Premier Diversified Holdings to Sell Initio Medical for USD 200,000.
MANews-(C)2009-2020
Canada-based Premier Diversified Holdings Inc. (TSX Venture: PDH) has entered into a share purchase agreement dated June 2, 2020 with an Ontario-based privately held company for the sale of all of the issued and outstanding shares of Initio Medical Group Inc. for USD 200,000, the company said.
Initio is a wholly-owned subsidiary of Premier which provides medical diagnostic scans at a clinic situated in Burnaby, B.C. The buyer is a privately-held Ontario company, which is not a Non-Arm's Length Party of the Issuer.
Initio is currently operating at a loss and has experienced a sharp decline in business during restrictions related to the novel coronavirus pandemic.
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