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Show all filings for FUTUREWORLD CORP.

Form 8-K for FUTUREWORLD CORP.


6-May-2015

Other Events

Item 8.01. Other Events.The Company announces today that FutureLand Corp has signed a letter of intent for a proposed joint venture with Carl G./Okanagan Indian Band of British Columbia.

Nature of Proposed Agreement

FutureLand Corp., a Colorado company, is a cannabis and hemp land leasing company formed to capitalize upon the emerging global cannabis market. FutureLand will create a Canadian subsidiary that will grow and operate a cultivation facility and dispensary in conjunction with OKAN on OKAN land.

The provisions of this JV do not constitute and will not give rise to any legally binding obligation on the part of OKAN or COMPANY. Moreover, no past or future action, course of conduct or failure to act or relating to the negotiation of the terms of the Definitive Agreements, will give rise to or serve as a basis for any obligation or other liability on the part of OKAN or COMPANY.

Due to this agreement FutureLand will incorporate “FutureLand Native Canada BC” in British Columbia.

Based on the agreement, OKAN will acquire proper permits/licenses for land, grow facilities, dispensaries, sale and otherwise from local, Indian and Canadian federal regulatory authorities. FutureLand, on the other hand, will provide the financing, grow expertise and grow technology (in conjunction with HempTech).

The JV is for preliminary discussions only. The actual agreement will be processed after the due diligent completion.

 


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