VANCOUVER, British Columbia, September 13, 2022 (GLOBE NEWSWIRE) — Sunniva Inc. (“Sunniva”, the “Company”) (CSE:SNN) (OTC Pink Sheets: SNNVF) announces that on September 7, 2022, the Company’s subsidiary, CP Logistics LLC (“CPL”), received a preliminary ruling from JAMS Arbitration regarding the arbitration brought by CPL against the current California greenhouse owner and lessor, Bobs LLC (“Bobs”). ), with respect to CPL’s rights as a tenant under a conditional build-to-suit lease dated October 20, 2017 (“Lease Agreement”) and a subordinated non-interference and attachment agreement dated March 2018 (the “Arbitration”) . The arbitral tribunal issued an interim award denying CPL’s requested relief and finding that CPL had breached the lease agreement and was therefore not entitled to any specific benefit. The arbitral tribunal also partially granted Bob’s counterclaim for monetary damages and found that Bob was entitled to an award of approximately $8.6 million and Bob’s attorneys’ fees. The exact amount of damages and fees awarded is subject to further proceedings, which will be the subject of a final arbitration award. CPL reviews its options. No decision has yet been made on future steps.

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This press release contains forward-looking information or statements. Any statements that are not historical facts, or information that is not historical fact, including without limitation statements regarding future estimates, plans, programs, forecasts, projections, goals, assumptions, expectations or beliefs regarding future performance, the precise amounts of damages awarded and the arbitrator’s fees, CPL’s examination of its options and decisions about future steps constitute “forward-looking information or statements.” Forward-looking information or statements are identified by the use of words such as “plan”, “expect” or “do not expect”, “is expected”, “estimate”, “intend”, “anticipate” or…