Mariner Corporation has finally sold down its stake in Capilano Honey.
The deal, with Queen Street Nominees, saw Mariner offload its 12.65% stake in the company.
Settlement for the deal is required on or before 13 April.
Mariner only acquired the stake in Capilano in January this year from the Guiness Peat Group, along with stakes in three other companies.
These have now all been sold.
According to Mariner, it will generate a gross profit of $345 000 from the sale of the Capilano stake.