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Your email address will not be published.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

Medical Marijuana, Inc. (MJNA) Garners National News Coverage At Cannabis World Congress and Business Expo

Medical Marijuana, Inc. Garners National News Coverage at 4th Annual Cannabis World…

Verano Holdings Corp. (VRNOF) Opening Two MÜV Dispensaries in Florida’s Tampa Bay Area

Verano Opening Two MÜV Dispensaries in Florida’s Tampa Bay Area, Raising Company’s…

Premier Health Group Inc. (PHGI) (PHGRF) Announces Closing of Cloud Practice Inc. Acquisition

Premier Health Announces Closing of Cloud Practice Inc. Acquisition Cloud Practice Inc.,…

$DIGP Well Positioned to Take Advantage of $850M Cannabis Testing Market

DigiPath (DIGP) Well Positioned to Take Advantage of $850M Cannabis Testing Market…