An unknown buyer signed a non-binding agreement to acquire Hollywood Detox Center from Ventura Cannabis and Wellness Corp. (CNSX:VCAN) for $2.1 million on October 10, 2019. As reported, $0.68 million of the sale price will be paid upon closing and the remainder will come mostly from accounts receivable collections expected within the next three months. The sale is expected to close within the next two quarters. The proceeds from the sale will be used by Ventura Cannabis and Wellness Corp to acquire cannabis assets. An unknown buyer cancelled the acquisition of Hollywood Detox Center from Ventura Cannabis and Wellness Corp. (CNSX:VCAN) on October 10, 2020.