Form 8-K for FUTUREWORLD CORP.
18-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 and HempTech’s innate value through its extensive IP portfolios and signed agreements. The sell price was to be negotiated based on the market valuation of HempTech by a third party firm.
On February 17, the Company received the market valuation of $60,000,000 for HempTech Corp from the third party firm. The valuation report will be used as basis for the coming transaction.
More information will be provided on details of the agreement and the valuation report with the completion of the transaction.
