marijuana stocks

Form 8-K for MEDBOX, INC.


12-Nov-2015

Entry into a Material Definitive Agreement, Financial Statements and Exhibits

Item 1.01 Entry into a Material Definitive Agreement.On November 4, 2015, Medbox, Inc. (the “Company”) entered into a certain Joint Venture Agreement (the “Agreement”) with Mark Marsh (“Marsh”) as an independent contractor to provide cultivation services for the Company. The Agreement has an initial term of five years. Marsh is to cultivate hemp outdoors and in greenhouses at the Company’s farmland located at 214 39th Lane, Pueblo, Colorado. The proceeds from sale of products related to the outdoor cultivation, after direct expenses, shall be distributed 90% to the Company and 10% to Marsh. The proceeds from the sale of products related to the greenhouse cultivation, after direct expenses, shall be distributed 99% to the Company and 1% to Marsh.

On November 10, 2015, the Company issued a press release announcing the signing of the Agreement. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

 

Item 9.01 Financial Statements and Exhibits.(d) Exhibits

                 Exhibit
                 Number    Description

                 99.1      Press Release dated November 10, 2015.


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

Your email address will not be published. Required fields are marked *

You May Also Like

$AMMJ Announces New York Application Submission

American Cannabis Company Announces New York Application Submission, Florida Update, and Maryland…

Hemp, Inc. (HEMP) Announces Completion of First Purchase Order for Natural Absorbent Product, Spill-Be-Gone

Hemp, Inc. Announces Completion of First Purchase Order for Natural Absorbent Product,…

Aurora Cannabis Inc. (ACB) Obtains Receipt for Final Base Shelf Prospectus Reiterates Fiscal Q1 Guidance

Aurora Cannabis Obtains Receipt for Final Base Shelf Prospectus Reiterates Fiscal Q1…

Reliq Health Technologies Inc. (RQHTF) Announces Strategic Alliance with Fitness & Wellness Consulting Services, Princeton, NJ, USA

Reliq Health Technologies Announces Strategic Alliance with Fitness & Wellness Consulting Services,…