India Globalization Capital

IGC Pharma said its subsidiary Holi Hemp has completed the sale of equipment, inventory and related operating assets at the Vancouver site to Wellness Essentials Northwest for an agreed fair value of about US$2.7 million. All closing conditions were satisfied and the transaction was completed as announced. As an exhibit to Form 8‑K, the company filed the sale agreement and unaudited pro‑forma consolidated financial statements reflecting the disposition. » Altro su de.investing.com

IGC Pharma said its wholly owned subsidiary Holi Hemp (HH Processors) has entered into an agreement to sell equipment, inventory and a turnkey facility to Wellness Essentials Northwest. The transaction is valued at about $2.7 million, subject to a valuation review and customary closing conditions. Wellness Essentials will take over the operating business, including staff, utilities and lease obligations, and will receive a preferred supply arrangement with Holi Hemp; if the buyer sells the business within five years, Holi Hemp will receive 10% of the net proceeds. Data show IGC as a small-cap with moderate leverage and a negative EBITDA of $6.38 million over the last twelve months. » Altro su de.investing.com

India Globalization Capital will release its financial results for the quarter ended March 31, 2025, on June 30, 2025. Analysts predict a significant reduction in loss per share and a moderate increase in revenue compared to the previous year. An improvement in results is also expected for the full year. » Altro su finanzen.net