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Your email address will not be published.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

22nd Century Group, Inc. (XXII) Adds 1,200 Drug Store Locations Selling VLN® in Five States

22nd Century Group (XXII) Adds 1,200 Drug Store Locations Selling VLN® in…

$HEMP Releases Photo of Decorticating Plant in San Francisco Chronicle

Photo Release — Hemp, Inc. and Its Decorticating Plant Featured in San…

$HEMP Now Allows Organic Certification for Industrial Hemp

Hemp, Inc. (OTC Pink: HEMP): USDA Now Allows Organic Certification for Industrial…

Cresco Labs (CRLBF) to Report Second Quarter 2023 Financial Results on August 16, 2023 Business Wire

Cresco Labs to Report Second Quarter 2023 Financial Results on August 16,…