Sunniva acquires California-based cannabis distributor

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Vancouver, British Columbia-based Sunniva (Canadian Securities Exchange: SNN) has acquired LTYR Logistics, a California-based cannabis distribution company in a stock deal valued at 7.9 million Canadian dollars ($5.9 million).

LTYR Logistics, headquartered in San Diego, will become Sunniva’s logistics and technology distribution platform.

Read more about the deal here.