An unknown arms-length buyer entered into a non-binding Letter of Intent to acquire Corona Detox Center from Ventura Cannabis and Wellness Corp. (CNSX:VCAN) for $1.4 million on May 14, 2019. Under the term of transaction, Ventura Cannabis will generate a total of $1.4 million over a three-year period in payments from the arms-length buyer, which is the current operator of the facility.  Under the sale of transaction, Ventura Cannabis will retain the rights to be the exclusive supplier of cannabis products for addiction treatment to past, current and future patients of the inpatient/detox business in Corona, California. Ventura Cannabis will also continue to hold the real estate associated with the business, retaining an additional $0.419 million in annual cash flow. An unknown arms-length buyer cancelled the acquisition of Corona Detox Center from Ventura Cannabis and Wellness Corp. (CNSX:VCAN) on May 14, 2020.