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Your email address will not be published.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

Canopy Growth Corporation (CGC) New Online Store Provides One-Stop Shop for Growing U.S. Product Portfolio

Canopy Growth’s New Online Store Provides One-Stop Shop for Growing U.S. Product…

Hemp, Inc. (HEMP) Invites Large Scale Purchasers to Secure Their Hemp Biomass Now

Hemp, Inc. Invites Large Scale Purchasers to Secure Their Hemp Biomass Now…

MustGrow Biologics Corp. (MGROF) and Bayer sign Exclusive Agreement

MustGrow and Bayer sign Exclusive Agreement to Develop Sustainable Organic Biologicals in…