marijuana stock news

Form 8-K for FUTUREWORLD CORP.


3-Feb-2015

Other Events

Item 8.01. Other Events.On January 25, 2015, the Company’s board of directors have elected to sell 100% interest in HempTech Corp. for an unspecified price to a publicly traded company. The decision was made based on the public company’s offer, shareholder interest and HempTech’s innate value through its extensive IP portfolios and signed agreements. The sell price is currently being negotiated and evaluated by a third party firm. The transaction will be based on all stock or stock and cash and it is expected to complete by the third week of February. Company is expected to dividend out the proceeds shortly after.

More information will be provided when details on the agreement including the purchase price has been clarified.

 


MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
1 comment
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

$HEMP Decortication Facility Inches Closer to the Legalization of CBD/Hemp Oil

North Carolina – Home to Hemp, Inc.’s Decortication Facility Inches Closer to…

$PLPL To Produce Non-Psychoactive Cannabis Product

Plandai Biotechnology Collaboration Offers Opportunity to Produce a Non-Psychoactive Cannabis Product for…

Neptune Wellness Solutions Inc. (NEPT) Announces Next Phase of Strategic Review Process

Neptune Announces Next Phase of Strategic Review Process Neptune Wellness Solutions Inc.…