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Your email address will not be published.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

4Front Ventures Corp. (FFNTF) to Reopen its Mission Dispensary in Chicago

4Front Ventures to Reopen its Mission Dispensary in Chicago; Receives Approval for…

$CBIS Follows Through With a Full Clinical Drug Development Agreement

After Successful Formulation Work, Cannabis Science Follows Through With a Full Clinical…

$MDBX Names Jeff Goh as Chief Operating Officer

Medbox Names Jeff Goh as Chief Operating Officer Executive’s Expertise to Fuel…

$EAPH Brings in Auditor Kapadia Chartered Accountants PC to Audit Finances for Years 2013 and 2014

Easton Pharmaceuticals Engages Accredited Independent Auditor to Commence an Audit of Company’s…