Melodiol Global Health has agreed to sell its Mernova facility in Canada for up to A$14.2 million in a deal that would wipe out the company’s secured debt but leave it reliant upon third party production.
The ASX-listed parent of Health House has signed a non-binding letter of intent with Canada-based Nacerna Life Sciences to sell the 2,230 square metres building for an initial $12m. A further $2.2m will follow if the buyer hits certain production targets.
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