Comet Industries Ltd. announced that it has accepted an offer for the purchase of 21 acres of land in Kamloops, BC. The offer was made by Emergence Developments Inc., a Kamloops based arms length company. The sale price will be $1 million payable in cash on closing. The transaction is subject to the removal or satisfaction of certain conditions and is projected to close on or before February 28, 2021. The 21 acres that are being sold are part of the 190 acres that the Company owns in Kamloops.