Form 8-K/A for FUTUREWORLD CORP.
8-May-2015
Other Events, Financial Statements and Exhibits
The purpose of this Amendment is to make the following corrections;
The Company announces that FutureLand Corp has signed a letter of intent for a proposed joint venture with Carl Gregoire 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 Partner on Partner’s land which is located on 20+/- acres in British Columbia. It is understood by the Company that the land is Crown land, but Carl Gregoire has full control to enter into an agreement with FutureLand Corp. to develop said property for said purposes as a JV.
The provisions of this JV do not constitute and will not give rise to any legally binding obligation on the part of GREGOIRE 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 GREGOIRE or COMPANY.
Due to this agreement FutureLand will incorporate “FutureLand Native Canada BC” in British Columbia.
Based on the agreement, GREGOIRE 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.
2.1 LETTER OF INTENT FOR A PROPOSED JOINT VENTURE BETWEEN CARL GREGOIRE AND FUTURELAND CORP.
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