Two warehouses are all that stand on a North Shuswap property owned by Citation Growth Corp. The property, which was to be the home of a proposed cannabis production facility, is the subject of an ongoing transaction with Saskatchewan-based company Indigenomix, which has agreed to its purchase for the price of $8.5 million. (Contributed)

Two warehouses are all that stand on a North Shuswap property owned by Citation Growth Corp. The property, which was to be the home of a proposed cannabis production facility, is the subject of an ongoing transaction with Saskatchewan-based company Indigenomix, which has agreed to its purchase for the price of $8.5 million. (Contributed)

Sale of unfinished North Shuswap cannabis facility delayed

Citation Growth Corp. reports agreement for $8.5 million purchase of Celista property

A rural North Shuswap property that was supposed to be the home of a cannabis production facility is currently the subject of an $8.5 million transaction reportedly delayed by COVID-19.

The property is owned by Citation Growth Corp. – formerly Liht Cannabis Corp. (and Marapharm Ventures before that). In 2018, the company sought to transform the 40-acre lot, once a family farm, into a medical cannabis production facility, with 10 buildings at 10,000-square-feet each, all with the capacity to grow 1.6 million grams annually. Proponents of the facility hoped the operation would bring 100 jobs to the region – work directly related to cannabis production as well as office and transport work.

In an April 15, 2020 release, Citation announced that on April 8, it had executed a letter of intent for the sale of the property with Indigenomix International, a private Saskatchewan-based business, for the agreed price of $8.5 million.

“The Definitive Agreement includes a commitment from Citation to support Indigenomix on regulatory requirements, an intellectual property license for certain organic growing methodologies and other material technology,” stated the release.

In a June 30, 2020 release, Citation announced the transaction had been delayed due to the COVID-19 pandemic.

In a Sept. 1, 2020 release, Citation announced it had extended its agreement with Indigenomix for the sale of its Celista assets. However, with continuing challenges from the global pandemic, “the ability to close the transaction on the latest timeline has proven challenging.”

“We are working together to close the sale of our Celista assets to the Indigenomix group and are confident we can do so in a reasonable time frame,” commented Citation president Erik Anderson. “Unfortunately, we have not been able to meet our most recent deadline due to COVID-19 restrictions, but we have been given further confidence through additional non-refundable deposits. We look forward to releasing information regarding a successful transaction shortly.”

Read more: Medical cannabis operation in B.C. Interior may face regulatory hurdles

Read more: Trade restrictions lifted on company behind Shuswap cannabis operation

Read more: North Okanagan cannabis company in bankruptcy

Neither Anderson nor Citation replied to a request for an update on the transaction.

Jay Simpson, the Columbia Shuswap Regional District’s director for the North Shuswap/Electoral Area F, said he didn’t have any new information either.

“I’m disappointed that it didn’t happen the way it was supposed to and I’m disappointed we didn’t get the jobs that were suggested were going to happen,” said Simpson. “I look forward to the new owners coming in and making a going concern of it.”

Deanna Kawatski, who lives across the road from Citation’s Celista property, is watching and waiting to see what happens on the lot. She says except for the placement of a crude sign saying, “Do not enter construction site,” there’s been little notable activity there for a while.

Kawatski has several concerns with the property and the proposed cannabis facility, should it come to fruition, including how it might impact her water supply.

“We have water that goes under the road and over there and of course that’s a concern for us because if they start really sucking it dry it could impact our water,” said Kawatski. “But nobody has listened to us. It’s been very disheartening.”

Like us on Facebook and follow us on Twitter

cannabis

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Prospera Place in Kelowna. (Marissa Baecker/Shoot the Breeze)
Kelowna Rockets return to the ice after COVID-19 quarantine

All individuals within the team cohort tested negative for COVID-19 earlier this week

(Phil McLachlan/Capital News/Stock)
Man arrested in West Kelowna for stealing police bait car

The suspect has been identified as Raymond Francis Thiffault of Kamloops, who already had an outstanding Canada-wide warrant.

Rose Valley Elementary School. (Contributed)
Central Okanagan School sees second COVID-19 exposure in two days

An exposure was identified at Rose Valley Elementary on April 12 and 13

(Natalia Cuevas-Huaico - Kelowna Capital News)
The Central Okanagan Food Bank said it has seen an increase in people who need help as the pandemic continues. (Phil McLachlan - Capital News/FILE)
Increase in families, seniors using Central Okanagan Food Bank as pandemic continues

Current restrictions have hit the Okanagan’s hospitality workers hard

A person receives a COVID-19 vaccine at a vaccination clinic run by Vancouver Coastal Health, in Richmond, B.C., Saturday, April 10, 2021. THE CANADIAN PRESS
B.C. sees 873 more COVID-19 cases Tuesday, decline continues

Hospitalizations up to 377, two more deaths for 1,515 total

An oversight committee has been formed for an eco-village which will be constructed near Summerland’s proposed solar and battery storage project. (Black Press file photo)
Oversight committee formed for Summerland’s eco-village project

Initial meetings have been held to plan methodology

This 2013 Dodge Ram 1500 was stolen from Black Creek Motors at approximately 2 a.m. Sunday, April 11. Photos via blackcreekmotors.com
VIDEO: B.C. car dealer posts clip of thieves towing a truck right off his lot

Video shows one white truck towing another off Vancouver Island lot

Bylaw enforcement officer Marcel Bedard sits behind the wheel of his 2004 Chevy Cavalier in 2017. He retired on April 9, 2021 after 24 years working for the City of Salmon Arm. (File photo)
Salmon Arm bylaw officer parks his parking tickets after 24 years

Despite the insults that go with the job, Marcel Bedard enjoyed his work for the city

FILE – People hold signs during a memorial march to remember victims of overdose deaths in Vancouver on Saturday, August 15, 2020. THE CANADIAN PRESS/Darryl Dyck
B.C. to request federal exemption for simple drug possession

Announcement comes on 5-year anniversary of B.C.’s first public health emergency

(AP Photo/Matthias Schrader, FIle)
Rare blood clots ‘may be linked’ to AstraZeneca vaccines: Health Canada

One case of the adverse effect has been reported in Canada

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Restaurant patrons enjoy the weather on a patio in Vancouver, B.C., Monday, April 5, 2021. The province has restricted indoor dining at all restaurants in B.C. due to a spike in COVID-19 numbers. THE CANADIAN PRESS/Jonathan Hayward
B.C.’s COVID-19 indoor dining, drinking ban extending into May

Restaurant association says patio rules to be clarified

Vernon North Okanagan RCMP are looking for the rightful owners of two standup paddleboards seized in an investigation March 19, 2021. (RCMP)
Is this your SUP?: Vernon police

Two standup paddleboards seized by police to be returned

Most Read