Two warehouses stand on a North Shuswap property owned by Citation Growth Corp., which recently changed its name to FIORE Cannabis Ltd. 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)

Cannabis company selling South Shuswap property announces name change

FIORE Cannabis Ltd., formerly Citation Growth Corp., finalizing sale of Celista lot

A cannabis company in the process of selling its North Shuswap property now goes by a new name.

On Nov. 5, the company formerly known as Citation Growth Corp. announced it had changed its name to Fiore Cannabis Ltd. Prior to Citation, the company went by the name Liht Cannabis Corp and, before that, Marapharm Ventures.

In a related media release, FIORE CEO Erik Anderson explained the name change had to do with updating the company’s identity in relation to branding in the Nevada market, home to the FIORE’s North Las Vegas Apex facility.

FIORE owns a 40-acre lot in Celista that, in 2018, it had planned to transform into a medical cannabis production facility with 10 buildings, each 10,000-square feet. The plan was to use the former family farm to grow 1.6 million grams of cannabis annually.

In an April 15, 2020 release, FIORE, then 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.

Read more: Sale of unfinished North Shuswap cannabis facility delayed

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

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

The most recent company release on the transaction came in September, when it announced the agreement with Indigenomix for the sale of its Celista assets had been extended. 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.”

In an October 2020 letter to investors, Anderson listed among achievements for the recent quarter the signing of the letter of intent with Indigenomix for the sale of the Celista property.

“Citation still plans to divest its Celista, B.C. asset to Indigenomix and is working collaboratively with their team to finalize financing to complete the sale,” reads an Oct. 9 company release. “Further updates will be made available over the coming weeks.”

That same month, Deanna Kawatski, who lives across the road from Citation’s Celista property, said that apart from the placement of a “crude” sign saying, “Do not enter construction site,” there’d been little notable activity on the property.

Like us on Facebook and follow us on Twitter

cannabisColumbia Shuswap Regional District

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

Just Posted

Pharmacist Barbara Violo arranges all the empty vials of the Oxford-AstraZeneca COVID-19 vaccines that she has provided to customers at the Junction Chemist which is an independent pharmacy during the COVID-19 pandemic in Toronto, on Monday, April 19, 2021. THE CANADIAN PRESS/Nathan Denette
B.C.’s 1st vaccine-induced blood clot case detected in Interior Health

Interior Health also recorded 52 new cases of COVID-19

Details will be made available in the next few days. (File photo)
UPDATED: Community vaccine program to open in Golden

The clinic will be held from Saturday, May 8 until Sunday, May 16.

Stuart Ashley Jones, 56, was at Grand Forks provincial court for sentencing on May 5, 2021. Photo: Laurie Tritschler
Grand Forks man shot by police during massive flood sentenced to house arrest

Stuart Ashley Jones was shot by a Grand Forks Mountie after ramming two police cruisers in May 2018

BC CDC data showing the geographic distribution of cases in the province. (BC CDC photo)
16 new cases of COVID-19 in Golden area

It’s the highest amount reported in a single week by the BC CDC

Dr. Trina Larsen Soles and the Physicians of Golden. (Claire Palmer photo)
Dr. Larsen Soles: leading Golden’s charge against the COVID

Larsen Soles has been the face behind the Physicians Facebook updates

Protesters attempt to stop clear-cutting of old-growth trees in Fairy Creek near Port Renfrew. (Will O’Connell photo)
VIDEO: Workers, activists clash at site of Vancouver Island logging operation

Forest license holders asking for independent investigation into incident

The Primary Urgent Care Centre on Martin Street officially opened on March 31, 2021. (Brennan Phillips)
Okanagan-Similkameen Regional Hospital District reverses funding decision on care centre

Approval now granted to fund $1 million for Urgent and Primary Care Centre in Penticton

Motorists breaking travel rules can be fined $230 for failing to follow instructions or $575 if the reason for travel violates the essential travel health order, at this Highway 3 check area near Manning Park. Photo RCMP
RCMP begin checking drivers on BC highways

Four check points are set up Thursday May 6 around the province

Starting Tuesday, May 11, B.C. adults born in 1981 and earlier will be able to register for a vaccine dose. (Haley Ritchie/Black Press Media)
BC adults 40+ eligible to book COVID-19 vaccinations next week

Starting Tuesday, people born in 1981 and earlier will be able to schedule their inoculation against the virus

Kelowna City Hall. (Michael Rodriguez - Capital News)
New temporary outdoor shelter in Kelowna opens

The new area on Richter Street and Weddell Place replaces the Baillie Avenue site

Parks Canada and Tla-o-qui-aht Tribal Parks dig the washed up Princess M out from sand along the south shore of the Pacific Rim National Park Reserve. (Nora O’Malley photo)
Rescue attempt costs man his boat off Pacific Rim National Park Reserve

Coast Guard response questioned after volunteer responder’s speedboat capsizes in heavy swells

Al Kowalko shows off the province’s first electric school bus, running kids to three elementary and two secondary schools on the West Shore. (Zoe Ducklow/News Staff)
B.C.’s first electric school bus making the rounds in Victoria suburbs

No emissions, no fuel costs and less maintenance will offset the $750K upfront expense

Road sign on Highway 1 west of Hope warns drivers of COVID-19 essential travel road checks on the highways into the B.C. Interior. (Jessica Peters/Chilliwack Progress)
B.C. residents want travel checks at Alberta border, MLA says

Police road checks in place at highways out of Vancouver area

Victoria police say the photo they circulated of an alleged cat thief was actually a woman taking her own cat to the vet. (Black Press Media File Photo)
Photo of suspected cat thief released by Victoria police actually just woman with her pet

Police learned the she didn’t steal Penelope the cat, and was actually taking her cat to the vet

Most Read