Focus Universal sells Ontario warehouse resulting in $2.6M capital gain

Focus Universal announced the sale of its Ontario warehouse facility. “Our company has sold the warehouse for $7.1M, which has resulted in a $2.6M capital gain. As we purchased our warehouse for $4.5M in 2018, we feel it is the proper time to realize our investment given the changing market dynamics moving forward. We feel like our prudent and successful investment has yielded a beneficial return for the continued development of our company, and we plan to use the cash and proceeds to promote our Ubiquitor and SEC financial reporting automation software,” said Focus CEO Desheng Wang.