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Sylios Corp. (UNGS)

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Sylios Corp

 


Welcome to Sylios Corp. (UNGS) and The Greater Cannabis Company Inc.

Florida, Colorado and Washington

http://www.sylios.com

https://mobile.twitter.com/GreaterCannabis



 

________________________________________________________________________________________________________

Financials Posted August 16, 2017

Quarterly Report here:     http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=177601

Supplemental Report here:  http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=177602

UNGS — Attorney Letter with Respect to Current Information  August 15, 2017

http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=177511

S1 Amendment – GCAN  7/20/17
https://www.sec.gov/Archives/edgar/data/1695473/000147793217003439/gcc_s1a.htm#PROSPECTUS%20SUMMARY
TABLE OF CONTENTS
 
PROSPECTUS SUMMARY     6  
THE OFFERING     12  
SUMMARY FINANCIAL DATA     13  
RISK FACTORS     14  
NOTE ABOUT FORWARD-LOOKING STATEMENTS     28  
TAX CONSIDERATIONS     29  
USE OF PROCEEDS     29  
DILUTION     29  
DESCRIPTION OF SECURITIES     42  
DIVIDEND POLICY     43  
DESCRIPTION OF BUSINESS     43  
PROPERTIES     54  
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION     55  
DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS, AND CONTROL PERSONS     63  
EXECUTIVE COMPENSATION     64  
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT     67  
MARKET FOR COMMON STOCK / SHARES ELIGIBLE FOR FUTURE SALE     69  
WHERE YOU CAN FIND MORE INFORMATION     70  
LEGAL PROCEEDINGS     70  
EXPERTS     70  
CORPORATE GOVERNANCE     71  
FINANCIAL STATEMENTS     74  
 
 
https://www.sec.gov/Archives/edgar/data/1695473/000147793217003439/gcc_ex1018.htm
EX-10.18 4 gcc_ex1018.htm CONVERTIBLE PROMISSORY NOTE AND WARRANT COVERAGE
EXHIBIT 10.18
 
CONVERTIBLE PROMISSORY NOTE AND WARRANT
 
FOR U.S. INVESTORS:
 
NEITHER THE SECURITIES REPRESENTED HEREBY NOR THE SECURITIES ISSUABLE UPON CONVERSION HEREOF HAVE BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"). THE HOLDER HEREOF, BY PURCHASING SUCH SECURITIES, AGREES FOR THE BENEFIT OF THE COMPANY THAT SUCH SECURITIES MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED ONLY (A) TO THE COMPANY, (B) OUTSIDE THE UNITED STATES IN ACCORDANCE WITH RULE 904 OF REGULATION S UNDER THE SECURITIES ACT OR (C) INSIDE THE UNITED STATES (1) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT, (2) IN ACCORDANCE WITH RULE 144, RULE 145 OR RULE 144A UNDER THE SECURITIES ACT, IF APPLICABLE, AND IN ACCORDANCE WITH ANY APPLICABLE STATE SECURITIES OR "BLUE SKY" LAWS OR (3) IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE SECURITIES ACT OR ANY APPLICABLE U.S. STATE LAWS AND REGULATIONS GOVERNING THE OFFER AND SALE OF SECURITIES.
 
FOR FLORDIA INVESTORS:
 
THE SECURITIES DESCRIBED HEREIN HAVE NOT BEEN REGISTERED WITH THE FLORIDA DIVISION OF SECURITIES AND INVESTOR PROTECTION UNDER THE FLORIDA SECURITIES ACT. THE SECURITIES REFERRED TO HEREIN MAY ONLY BE SOLD TO, AND ACQUIRED BY THE HOLDER IN A TRANSACTION EXEMPT UNDER THE APPLICABLE PROVISIONS OF SAID ACT. THE SECURITIES HAVE NOT BEEN REGISTERED UNDER SAID ACT IN THE STATE OF FLORIDA. IN ADDITION, ALL OFFEREES WHO ARE FLORIDA RESIDENTS SHOULD BE AWARE THAT SECTION 517.061(11)(a)(5) OF THE ACT PROVIDES, IN RELEVANT PART, AS FOLLOWS: "WHEN SALES ARE MADE TO FIVE OR MORE PERSONS IN FLORIDA, ANY SALE IN FLORIDA MADE PURSUANT TO THIS SECTION IS VOIDABLE BY THE PURCHASER IN SUCH SALE EITHER WITHIN 3 DAYS AFTER THE FIRST TENDER OF CONSIDERATION IS MADE BY THE PURCHASER TO THE ISSUER, AN AGENT OF THE ISSUER OR AN ESCROW AGENT OR WITHIN 3 DAYS AFTER THE AVAILABILITY OF THAT PRIVILEGE IS COMMUNICATED TO SUCH PURCHASER, WHICHEVER OCCURS LATER." THE AVAILABILITY OF THE PRIVILEGE TO VOID SALES PURSUANT TO SECTION 517.061(11) IS HEREBY COMMUNICATED TO EACH FLORIDA OFFEREE TO THE EXTENT SALES ARE MADE TO FIVE OR MORE PERSONS IN FLORIDA. EACH PERSON ENTITLED TO EXERCISE THE PRIVILEGE TO AVOID SALES GRANTED BY SECTION 517.061 (11)(A)(5) AND WHO WISHES TO EXERCISE SUCH RIGHT, MUST, WITHIN 3 DAYS AFTER THE TENDER OF ANY AMOUNT TO THE COMPANY OR TO ANY AGENT OF THE COMPANY (INCLUDING THE SELLING AGENT OR ANY OTHER DEALER ACTING ON BEHALF OF THE PARTNERSHIP OR ANY SALESMAN OF SUCH DEALER) OR AN ESCROW AGENT CAUSE A WRITTEN NOTICE OR TELEGRAM TO BE SENT TO THE COMPANY AT THE ADDRESS PROVIDED IN THIS PLACEMENT MEMORANDUM. SUCH LETTER OR TELEGRAM MUST BE SENT AND, IF POSTMARKED, POSTMARKED ON OR PRIOR TO THE END OF THE AFOREMENTIONED THIRD DAY. IF A PERSON IS SENDING A LETTER, IT IS PRUDENT TO SEND SUCH LETTER BY CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO ASSURE THAT IT IS RECEIVED AND ALSO TO EVIDENCE THE TIME IT WAS MAILED. SHOULD A PERSON MAKE THIS REQUEST ORALLY, HE MUST ASK FOR WRITTEN CONFIRMATION THAT HIS REQUEST HAS BEEN RECEIVED.
 
FOR CANADIAN INVESTORS:
 
UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE THE DATE THAT IS 4 MONTHS AND A DAY AFTER THE LATER OF: (i) NOVEMBER 18, 2017, AND (ii) THE DATE THE ISSUER BECAME A REPORTING ISSUER IN ANY PROVINCE OR TERRITORY OF CANADA,
 
NEITHER THE SECURITIES REPRESENTED HEREBY NOR THE SECURITIES ISSUABLE UPON CONVERSION HEREOF HAVE BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES LAWS OF ANY OF THE PROVINCES OF CANADA AND NO PROSPECTUS RELATING TO SUCH SECURITIES HAVE BEEN FILED IN ANY JURISDICTION.
 
 
1
 
 
 
XERAFLOP TECHNOLOGIES INC.
 
CONVERTIBLE PROMISSORY NOTE
 
USD$100,000 JULY 17, 2017
 
 
Vancouver, BC
 
For value received, XeraFlop Technologies Inc., a British Columbia corporation (the "Company"), promises to pay to the undersigned (the "Holder"), the principal sum set out above (the “Principal”).
 
1. Interest and Maturity
 
Interest shall accrue from the date of July 17, 2017 on the unpaid Principal amount at a rate equal to 12%, (“Interest”). Subject to Section 2, the Principal and any accrued but unpaid interest under this Note shall be due and payable upon demand by the Holder at any time after June, 30, 2018 (the "Maturity Date"); provided, however, that in the event that, prior to the Maturity Date, the Company consummates any merger, consolidation, sale of all or substantially all of the property or stock, liquidation or other reorganization of the Company, as a result of which the stockholders of the Company receive cash, stock or other property in exchange for their shares of capital stock and the holders of the Company’s voting equity securities immediately prior to such consummation together own less than a majority interest of the voting equity securities of the successor corporation following such change of control transaction (a “Change of Control Transaction”), then (i) an amount equal to the outstanding Principal amount and any accrued but unpaid Interest under this Note shall be due and payable on the closing date of such Change of Control Transaction and (ii) this Note shall terminate immediately upon payment of such Principal and accrued interest.
 
2. Conversion and Early Repayment
 
  (a) Conversion by the Holder
 
On the Maturity Date, unless repaid as described below, the Holder may convert the entire Principal together with accured Interest into Series 2 Common Shares of the Company by providing the Company with written notice that the Holder wishes to convert this Note (the “Conversion Notice”). On the date on which the Conversion Notice is received by the Company (the “Conversion Date”), the Principal and accrued Interest shall be converted into that number of Series 2 Common Shares of the Company (the “Conversion Shares”) at a price per share equal to the most recent round price in which the Company sold an aggregate of at least $10,000,000 in equity. The Holder shall be deemed to be the holder of the Conversion Shares as of the Conversion Date. As soon as practicable after the Holder surrenders this Note to the Company for conversion into Conversion Shares, the Company shall issue and deliver to the Holder the Conversion Shares.
 
 
2
 
 
 
  (b) Repayment by Company
 
  (i) The Holder has the option to demand repayment of the Principal plus a Redemption Premium in the amount of 20% of the Principal less any accrued but unpaid Interest (the “Redemption Premium”), within five (5) days following the date of completion of the Next Equity Financing by providing the Company with written notice (the “Repayment Notice”) that the Holder wishes to elect to have the Principal plus the Redemption Premium repaid prior to the Due Date.
     
  (ii) The Company has the option to repay the Principal plus a Redemption Premium in the amount of 20% of the Principal less any accrued but unpaid Interest (the “Redemption Premium”), within five (5) days following the date of completion of the Next Equity Financing by providing the Holder with written notice (the “Repayment Notice”) that the Company wishes to elect to repay the Principal plus Redemption Premium repaid prior to the Due Date.
     
  (iii) Upon receipt of the Repayment Notice, the Company shall repay to the Holder, within fifteen (15) days of receiving the Repayment Notice, the amount owing under this Note to the Holder. Upon repayment, the Holder shall surrender the Note to the Company. “Next Equity Financing” means the completion of the sale of shares of the Company's equity securities (the "Equity Securities") issued and sold in a private equity financing yielding aggregate proceeds to the Company of at least USD$10,000,000 (including conversion of this Note and all other promissory notes issued as part of this financing) (the "Next Equity Financing").
 
  (c) Mechanics and Effect of Conversion
 
No fractional shares of the Company's capital stock will be issued upon conversion of this Note. In lieu of any fractional share to which the Holder would otherwise be entitled, the Company will pay to the Holder in cash the amount of the unconverted Principal and interest balance of this Note that would otherwise be converted into such fractional share. Upon conversion of this Note pursuant to this Section 2, the Holder shall surrender this Note, duly endorsed, at the principal offices of the Company or any transfer agent of the Company. At its expense, the Company will, as soon as practicable thereafter, issue and deliver to such Holder, at the address of the Holder most recently furnished in writing to the Company, a certificate or certificates for the number of shares to which such Holder is entitled upon such conversion, together with any other securities and property to which the Holder is entitled upon such conversion under the terms of this Note, including a cheque payable to the Holder for any cash amounts payable as described herein. Upon conversion of this Note, the Company will be forever released from all of its obligations and liabilities under this Note with regard to that portion of the Principal amount and accrued Interest being converted including without limitation the obligation to pay such portion of the Principal amount and accrued Interest.
 
 
3
 
 
 
3. Payment
 
All payments shall be made in lawful money of US Dollars at such place as the Holder hereof may from time to time designate in writing to the Company. Payment shall be credited first to the accrued Interest then due and payable and the remainder applied to Principal.
 
4. Warrants
 
The Company also grants the Holder the right (the “Warrants”), subject to the terms set forth below, to purchase from the Company, at any time on or before the Expiration Date (as defined below), 20% warrant coverage, based on the principal investment totaling $100,000 USD, with a strike price equivelant to the equity round financing. This Warrant (and the right to purchase securities upon exercise hereof) shall terminate upon the earliest to occur of the following (the "Expiration Date"): (a) the date seven (7) years after the date of issuance of this Warrant, (b) the closing of a Change of Control Transaction or (c) the closing of a firm commitment underwritten public offering pursuant to a registration statement under applicable Securities legislation. Next Equity Financing means the completion of the sale of shares of the Company's equity securities (the "Equity Securities") issued and sold in a private equity financing yielding aggregate proceeds to the Company of at least USD$10,000,000 (including conversion of this Note) (the "Next Equity Financing"). The Holder will be able to retain the Warrrants even if it has exercised the repayment or redemption options set out above.
 
5. Exercise of Warrants
 
These Warrants may be exercised by the Holder, in whole or in part, by delivering to the Company at the principal office of the Company, or at such other office or agency as the Company may designate: (a) this Note; (b) a written notice of exercise and (c) cash, check, wire transfer, or cancelled promissory notes or other instruments representing indebtedness of the Company to the Holder in an amount equal to (i) the Per Share Price multiplied by (ii) the number of common shares purchased upon such exercise of the Warrants.
 
6. Transfer; Successors and Assigns
 
The terms and conditions of this Note shall inure to the benefit of and be binding upon the respective successors and assigns of the parties. Notwithstanding the foregoing, the Holder may not assign, pledge, or otherwise transfer this Note without the prior written consent of the Company, except for transfers to affiliates, and, in any event, in compliance with applicable securities laws. Subject to the preceding sentence, this Note may be transferred only upon surrender of the original Note for registration of transfer, duly endorsed, or accompanied by a duly executed written instrument of transfer in form satisfactory to the Company. Thereupon, a new note for the same Principal amount and interest will be issued to, and registered in the name of, the transferee. Interest and Principal are payable only to the registered holder of this Note.
 
 
4
 
 
 
7. Stockholders, Officers and Directors
 
In no event shall any stockholder, officer or director of the Company be liable for any amounts due or payable pursuant to this Note.
 
8. Notices
 
Any notice required or permitted by this Note shall be in writing and shall be deemed sufficient upon delivery, when delivered personally or by a nationally-recognized delivery service or forty-eight (48) hours after being deposited in the mail, as certified or registered mail, with postage prepaid, addressed to the party to be notified at such party's address as set forth below or as subsequently modified by written notice.
 
9. Amendments and Waivers
 
Any term of this Note may be amended only with the written consent of the Company and the Holder. Any amendment or waiver effected in accordance with this Section 9 shall be binding upon the Company, the Holder and each transferee of the Note.
 
10. Governing Law
 
This Note and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the Province of British Columbia, without giving effect to principles of conflicts of law.
 
[Signature page follows]
 
 
5
 
 
 
XERAFLOP TECHNOLOGIES INC.  
     
Per: /s/ David Edmunds  
  David Edmunds, CFO  
     
AGREED AND ACCEPTED:  
     
  /s/ Wayne Anderson  
  Wayne Anderson, President  
     
The Greater Cannabis Company, Inc.
244 2nd Avenue N., Suite 9
St. Petersburg, FL 33701
 
 
 
(727) 482-1505
TELEPHONE
 
info@greatercannabiscompany.com
EMAIL
 
 
 
http://greatercannabiscompany.com/budbank-2/
Direct Investments
The Company may, at its election, directly invest in private entities within the cannabis sector either through stock purchase agreements, debentures, joint ventures or a hybrid of each. The Company’s planned investments will focus on those entities whose near-term goals are to maximum shareholder value through the filing of an initial public offering or a corporate event that takes the entity from private to public.

On July 17, 2017, the Company entered into a Convertible Promissory Note and Warrant and Subscription Agreement with Xeraflop Technologies, Inc. (“Xeraflop”). Under the terms of the Agreement, the Company is to invest a total of One Hundred Thousand and NO/100 Dollars ($100,000) upon a successful going public event. The Note accrues interest at 12% annually and matures on June 30, 2018. At the Company’s election, the principal and interest can be converted into Series 2 common shares of Xeraflop with written notice. The Company is also granted the right to purchase 20% warrant coverage based on the Company’s principal investment with a strike price equivelant to the equity round financing.  The Company’s investment in Xeraflop is dependent on the Company obtaining an effective Registration Statement and successful 15C211 filing prior to the Closing of the financing round by Xeraflop. In the event neither of these events occur, the Company will not be able to participate in this round of financing with Xeraflop.
 
June 21, 2017 – BUD BANK INC Conversion Incorporation
6/21/2017 - BUD BANK INC Reinstated CONVERSION Incorporated

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=BUDBANK%20P170000542280&aggregateId=domp-p17000054228-97957bc7-9e53-4069-8822-d3573f9a9ffb&searchTerm=budbank&listNameOrder=BUDBANK%20L140001086200

Florida Profit Corporation

BUD BANK, INC.
Filing Information
Document Number
P17000054228

FEI/EIN Number
NONE
Date Filed
06/21/2017


Effective Date
07/02/2014
State
FL
Status
ACTIVE


Last Event
CONVERSION

Event Date Filed
06/21/2017
Event Effective Date
NONE

Principal Address
244 2ND AVE N #9
ST PETERSBURG, FL 33701

Mailing Address
244 2ND AVE N #9
ST PETERSBURG, FL 33701

Registered Agent Name & Address
THE GREATER CANNABIS COMPANY, INC.
244 2ND AVE N #9
ST PETERSBURG, FL 33701

Officer/Director Detail NONE
 
June 21, 2017 – S1 Registration Filed with SEC

http://greatercannabiscompany.com/wp-content/uploads/2017/06/The-Great-Cannibas-Company-S-1-FINAL-6-20-17-.pdf

June 19, 2017 – UNGS BUD BANK REINSTATEMENT

BUD BANK, LLC
Filing Information
 
Document Number L14000108620
 
FEI/EIN Number  36-4794890
 
Date Filed     07/07/2014
 
Effective Date  07/02/2014
 
StateFL StatusACTIVE
 
Last Event         REINSTATEMENT Event Date Filed06/19/2017
 
June 17, 2017 – GCCsuperstore goes live
 
On June 17, 2017, The Greater Cannabis Company Superstore, aka GCCsuperstore.com went live

April 17, 2017 -UNGS  SupplementalGCC Delivery of shares

http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=169737
 Item 8.01 Other Events
   
 
 All shares of common stock of The Greater Cannabis Company, Inc. (the “shares”) to be issued to shareholders of Sylios Corp, as per the terms of the announced spin-off, were issued to all certificated shareholders on the Payment Date, March 10, 2017. The total number of common shares issued as per the terms of the stock dividend totaled 26,905,818. Of the shares issued, 21,527,342 were issued to Sylios Corp shareholders while 5,378,476 shares were issued to the former parent company, Sylios Corp.
 
The Company has received several inquiries regarding shares issued to the brokerage firm E*trade Financial (the “brokerage firm”) and the posting of shares to accounts held at the brokerage firm. The Company has been in touch with the brokerage firm and Broadridge on multiple occasions to assist in the location and delivery of all shares due the brokerage firm.
 
The Company would like to reassure its shareholders that it has in no way “held-back” shares due to the brokerage firm. Shares of Sylios Corp purchased through the brokerage firm are on deposit at multiple separate broker dealers, which has led to the delay in reporting the stock dividend in clients’ accounts. When additional information is provided to the Company, it will

pass this along to shareholders. The Greater Cannabis Company, Inc.

April 4, 2017 – Supplemental GCC Superstore Opening
http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=168835

Item 8.1 Other Events
The company’s GCC Superstore order and payment integration glitch has been remedied through the introduction of new software and a reporting patch. The company will begin testing the online store this week in preparation for its grand opening.The company is confident the opening will occur ahead of the upcoming 420 Day.
__________________________________________________________
Mar 31, 2017 Supplemental Information - Issuer Information and Disclosure Statement December 31, 2016 Dec 31, 2016 Active
Mar 31, 2017 Annual Report - Annual Report 2016- Unaudited Dec 31, 2016  
__________________________________________________________

March 17, 2017        St. Patrick’s Day     UNGS — Supplemental
Current Report- GCC Superstore

http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=167968
 Item 8.01 Other Events
 
 The Company has delayed opening the GCC Superstore, LLC while its software developer, webmaster and largest product supplier remedy order integration. The GCC Superstore will go live immediately once this issue is resolved.
At present, the GCC Superstore will carry over 500 products from more than 50 leading brands in the cannabis and hemp sector.

March 8, 2017 UNGS Supplemental FINRA Dividend Approval
http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=167447
 
 Item 8.01 Other Events
 
 In January 18, 2017, Sylios Corp (“Sylios”) filed a corporate action with the Financial Industry Regulatory Authority (“FINRA”) to effect a partial spin-off of its wholly owned subsidiary, The Greater Cannabis Company, Inc., through a stock dividend.
 
On March 7, 2017, Sylios received notification from FINRA that they had received the necessary documentation to process the corporate action requested by Sylios and its transfer agent, Pacific Stock Transfer.
 
March 7, 2017:  FINRA APPROVAL FOR DIVIDENDS GREATER CANNABIS COMPANY

http://otce.finra.org/DailyList  USED THE DATE ABOVE TO FIND IT
 
Date/Time Event Type Eff/Ex Date/Time Symbol Issue Name Market
03/07/2017 16:26:34 Spin-Off   UNGS Sylios Corp. Common Stock Other OTC

Comments
Shareholders of UNGS will receive 1 share of The Greater Cannabis Company, Inc. common stock for every 500 shares of UNGS held. Fractional shares will be rounded up to the next whole share. Will not be quoted ex.

Details
  Previous Value Current Value
Symbol UNGS UNGS
Issue Name Sylios Corp. Common Stock Sylios Corp. Common Stock
Class    
Financial Status Indicator    
Market Category Other OTC Other OTC
 
  Current Value
Daily List Date/Time 03/07/2017 16:26:34
Event Type Spin-Off
Daily List Event Code DA
Effective/Ex Date/Time  
Subject to Corporate Action CD
Offering Type No Restrictions
Forward Split Ratio  
Reverse Split Ratio  
Dividend Type Spin-Off
Percentage 0
Cash Amount 0
Declaration Date  
Record Date 02/03/2017 00:00:00
Payment Date 03/10/2017 00:00:00
Payment Method  
Qualified Dividend Code  
Record ID 40104561
Daily List Comment Shareholders of UNGS will receive 1 share of The Greater Cannabis Company, Inc. common stock for every 500 shares of UNGS held. Fractional shares will be rounded up to the next whole share. Will not be quoted ex.
 

March 6, 2017 Greater Cannabis Company Inc.   Supplemental
CONSULTANTS FOR GROW FACILATIES
http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=167376
 
 Item 1.01 Entry into a Material Definitive Agreement
 
 On March 5, 2017, The Greater Cannabis Company, Inc. retained the services of two consultants to further expand its operations. The Consultants are being retained to identify currently operational businesses which specialize in “Grow facilities” and “Delivery” and are available for acquisition.
 
As of the date of this filing, the Company has identified three (3) Grow facilities for which it is completing further due diligence for a proposed transaction.
 

Friday, February 24, 2017 -
The Greater Cannabis Company to Launch the GCC Superstore on St. Patrick's Day with in Excess of 150 SKUs
https://www.accesswire.com/455927/The-Greater-Cannabis-Company-to-Launch-the-GCC-Superstore-on-St-Patricks-Day-with-in-Excess-of-150-SKUs

Update on The Greater Cannabis Company, Inc. Spin-Off

ST. PETERSBURG, FL / ACCESSWIRE / February 24, 2017 / Sylios Corp (OTC PINK: UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, site specific real estate development, holdings in equities, corporate debt and alternative investments, is pleased to inform shareholders that The Greater Cannabis Company, Inc. will launch its GCC Superstore on St. Patrick's Day.

The GCC Superstore, a wholly owned subsidiary of The Greater Cannabis Company, Inc., will open its e-commerce store focused on cannabis related merchandise on March 17, 2017, St. Patrick's Day. Product categories will include Vaporizers, E-Liquids, Hand Pipes, Water Pipes, Grinders, Hemp related products, CBD (Cannabidiol) oils, vapes, drinks, and dispensing kiosks, just to name a few. The GCC Superstore will open with in excess of 150 SKUs, and will continue to add new categories and products during its expansion.

The Company is currently working with its transfer Agent, Pacific Stock Transfer, and the Financial Industry Regulatory Authority ("FINRA") to facilitate the spin-off of The Greater Cannabis Company, Inc. to shareholders of record as of the Record Date, February 3, 2017. All shares due to shareholders will be delivered directly to the certificated holder, whether it be the shareholder or the broker dealer.

The S-1 Registration Statement for The Greater Cannabis Company, Inc. is being finalized and will be filed with the Securities and Exchange Commission ("SEC") upon notification from FINRA. During the registration process with the SEC and FINRA, the Company will submit a short list of trading symbols for The Greater Cannabis Company, Inc. Once the Company is notified of the approved symbol, it will inform shareholders.

The Company will inform shareholders of additional operational activities for The Greater Cannabis Company, Inc. in the very near future.

Wayne Anderson, President of Sylios Corp, stated, "I appreciate the patience our shareholders have shown during this spin-off of The Greater Cannabis Company. They have waited a long time for this aspect of our business plan to come to fruition." He added, "In addition to the upcoming GCC Superstore launch, we are working diligently to bring in additional cannabis related businesses under The Greater Cannabis Company umbrella."

About Sylios Corp

Sylios Corp, based in St. Petersburg, FL, is a holding corporation with operations engaged in the exploration and development of oil and natural gas properties, holdings in equities, alternative investments, corporate debt and site-specific real estate development. www.sylios.com

About The Greater Cannabis Company, Inc.

Formed in March 2014, The Greater Cannabis Company, Inc. is a holding corporation that invests directly and indirectly in businesses that cater to the cannabis industry. The Company will look to represent a line of premier products through licensing agreements, product development, acquisitions and joint ventures. www.greatercannabiscompany.com
 

Tuesday, February 7, 2017 - Supplemental Update OIL AND GAS
Entry into a Material Definitive Agreement

Supplemental Information - Current Report- Oil and Gas JV 2-5-2017

 

Item 1.01 Entry into a Material Definitive Agreement On February 5, 2017, the Company, through its wholly owned subsidiary US Natural Gas Corp KY (“KY”), entered into a Joint Venture Agreement (the “Agreement”) with Keller Energy, LLC (collectively the “Parties”) for the acquisition of certain oil producing wells within the states of Kentucky and Tennessee. Under the terms of the Agreement, the Parties will acquire oil producing wells with each Party maintaining a 50% working interest. Upon Closing of the Agreement, KY was assigned a 50% working interest in the Eddie D. Smith #5 and the Amos Nicholas #15-3, both located in Pickett County, TN.
SIGNATURE
Sylios Corp
Date: February 7, 2017
By:
 Wayne Anderson

Monday, January 23, 2017 - GCC Superstore, LLC Found

Florida Limited Liability Company

http://greatercannabiscompany.com/e-commerce/

"Through the Company’s wholly owned subsidiary, GCC Superstore, LLC, we are set to launch the most diverse online one-stop shopping experience for the cannabis industry. GCC Superstore is currently in the final stages of design, development and coding.  The GCC Superstore will carry everything from E-Liquids, Vape Pens, Vape Mods, Clothing, Clips, Pipes, Bongs, Rolling papers and more."

GCC SUPERSTORE, LLC

Filing Information
Document Number     L17000011010

Date Filed  01/13/2017
Effective Date01/09/2017
State  FL
Status  ACTIVE



Thursday, January 19, 2017: GCC "INC" is Posted as A Corporation
in Florida with Conversions Listed


http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=GREATERCANNABIS%20P170000045370&aggregateId=domp-p17000004537-69a1f1d7-2049-4ebf-bb2d-ecbb1559d26b&searchTerm=Greater%20Cannabis%20Company&listNameOrder=GREATERCANNABIS%20L140000462060

Detail by Entity Name

Florida Profit Corporation


THE GREATER CANNABIS COMPANY, INC.
Filing Information

Document Number
P17000004537

Date Filed
01/13/2017

Effective Date
03/20/2014

State
FL

Status
ACTIVE

Last Event

CONVERSION

Event Date Filed
01/13/2017

Wednesday, January 18, 2017:  News Article Mentions
Sylios Corp and The Greater Cannabis Company

http://m.benzinga.com/article/8913427?utm_referrer=https%3A%2F%2Fwww.google.com%2F

Deal Flow:  "“What was good news is that there were numerous announcements related to M&A deals that are currently in negotiation,” the expert continued. On the one hand, Sylios Corp (OTC: UNGS) announced the record date for the spinoff of its wholly owned subsidiary, the Greater Cannabis Company, LLC."

 


Thursday, January 12, 2017: GCC, LLC REINSTATEMENT
Florida Department of State Division of Corporations

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=GREATERCANNABIS%20L140000462060&aggregateId=flal-l14000046206-e94b676c-f6a9-452b-b74a-731886f27d5d&searchTerm=greater%20cannabis%20company&listNameOrder=GREATERCANNABIS%20L140000462060

THE GREATER CANNABIS COMPANY, LLC
2017 FLORIDA LIMITED LIABILITY COMPANY REINSTATEMENT

Filing Information
 

Document Number      L14000046206                     FEI/EIN Number        30-0842570            Date Filed            03/20/2014 

Effective Date   03/13/2014                  State        FL

Status  ACTIVE 

Last Event   REINSTATEMENT 
Event Date Filed   01/12/2017

Friday, January 6, 2017 - Sylios Website Updated with Divy Questions and Answers

http://www.sylios.com/stockdividend/

Stock Dividend

On December 28, 2016, Sylios Corp announced that its wholly owned subsidiary, The Greater Cannabis Company, Inc. (“GCC”) (f/k/a The Greater Cannabis Company, LLC), would be spun off to shareholders of its common stock. To help guide you through this process and answer questions that you may have, please review the following information.

Important Dates:

Record Date-February 3, 2017
Ex-Dividend Date- February 1, 2017
Payment Date- February 13, 2017

Who gets shares of GCC?

Holders of Sylios Corp common stock, (OTC Pink: UNGS), as of the close of business January 31, 2017.

If I buy shares of Sylios Corp on February 1, 2017 or after will I receive shares of GCC?

No.

How many shares will I receive?

You will receive 1 share of common stock of GCC for every 500 shares of common stock you own of UNGS.

What happens if I do not own 500 shares exactly?

In lieu of issuing fractional shares in connection with the stock dividend, the company will round fractional shares up to the next whole share.

Do I need to contact my broker about the stock dividend?

No. On the Payment Date, GCC’s transfer agent will send out the newly issued shares of GCC common stock to those Broker-Dealers and individuals holding certificates (“certificated shares”). Pacific Stock Transfer will act as GCC’s transfer agent.

Once I receive my shares, can I sell them immediately?

No. GCC is filing an initial Registration Statement (“S-1”) with the Securities and Exchange Commission (“SEC”) to register the shares being issued as per the stock dividend. Once the S-1 is deemed effective by the SEC, shareholders of GCC may sell those shares which were registered.

Is there any cost to me to register my shares of GCC?

No.

Is there a stock symbol for GCC?

During the registration process, the Company will file an application with the Financial Industry Regulatory Authority ("FINRA") for its trading symbol as well as an application with Cusip for its cusip number. Once both are received, the Company will update shareholders.

If I have any questions, who may I contact?

Please contact the Company at dividend@sylios.com.


Friday, January 6, 2017 - Sylios Corp Announces Record Date for
Spin-Off of The Greater Cannabis Company, LLC

http://www.sylios.com/wp-content/uploads/2017/01/1-6-2017-Sylios-Announces-Record-date-for-Spin-Off.pdf

ST. PETERSBURG, FL / ACCESSWIRE / January 6, 2017 / Sylios Corp (OTC PINK: UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, site specific real estate development, holdings in equities, corporate debt and alternative investments is pleased to update shareholders of important dates pertaining to the spin-off of the Company's wholly owned subsidiary, The Greater Cannabis Company, LLC.

On December 28, 2016, Sylios Corp announced that it would spin-off 80.01% of its wholly owned subsidiary, The Greater Cannabis Company, LLC through a pro rata stock distribution to holders of its common stock. Prior to the spin-off, the Company will file a Notice of Conversion with the State of Florida to effectively converting the subsidiary from a limited liability company to a Florida for profit corporation and change the Company's name to The Greater Cannabis Company, Inc. (the new "GCC"). In the newly filed Articles of Incorporation for the Subsidiary, it will designate 500 million shares for Common stock and 10 million shares for Preferred stock.

The Record date for the stock dividend is set at February 3, 2017 with the Ex-Dividend date at February 1, 2017. The stock dividend will be payable February 13, 2017 to shareholders. In order for shareholders to receive the stock dividend, they must own shares of Sylios Corp prior to the Ex-Dividend date. Sylios Corp's common stock will begin trading ex-dividend at the open on February 1, 2017.

Shareholders of Sylios Corp entitled to receive the dividend will receive 1 share of GCC common stock for every 500 shares of Sylios Corp common stock owned. In lieu of issuing fractional shares in connection with the stock dividend, the company will round fractional shares up to the next whole share.

The Company's transfer agent, Pacific Stock Transfer, will distribute shares of GCC on the payment date to certificated shareholders. Shareholders are not required to submit any information to the Company's transfer agent to receive the newly issued GCC shares of common stock. Pacific Stock Transfer will also act as the transfer agent for GCC.

Shareholders should direct any questions pertaining to the stock dividend to dividend@sylios.com. The Company has established an information page, http://www.sylios.com/stockdividend, with details on the transaction.


TUESDAY, January 3, 2017 - Current with the State of Florida

Wednesday, December 28, 2016: BIG NEWS

Sylios Corp to Spin-Off its Wholly Owned Subsidiary, The Greater Cannabis Company, LLC, to Shareholders

https://www.accesswire.com/451847/Sylios-Corp-to-Spin-Off-its-Wholly-Owned-Subsidiary-The-Greater-Cannabis-Company-LLC-to-Shareholders

On December 16, 2016, the Company's Board of Directors approved a corporate action to file a Notice of Conversion with the State of Florida for its subsidiary, The Greater Cannabis Company, LLC, which will convert the subsidiary from a limited liability company to a for profit corporation. The Subsidiary's name will change to The Greater Cannabis Company, Inc. ("GCC"). In the newly filed Articles of Incorporation for the Subsidiary, it will designate 500 million shares for Common stock and 10 million shares for Preferred stock.

Shareholders of Sylios Corp, as of the close of business on January 20, 2017 (the "Record Date"), will receive 1 share of GCC common stock for every 500 shares of Sylios Corp common stock owned. The transaction will be treated as a stock dividend. The Company currently anticipates an Ex-Dividend Date (Ex-Date) of February 10, 2017. Both dates are subject to change. The Company will release information the first week of January 2017 with definitive dates and further information.

After the spin-off, the Company will retain a 19.99% interest in GCC, with 80.01% of the common shares of GCC distributed to Sylios common shareholders. The total number of common shares of GCC post spin-off will be approximately 27.5 million. The Company will release additional instructions prior to the Record Date.

GCC will undergo a two-year audit during the month of January and then file its initial registration statement with the Securities and Exchange Commission to be a fully reporting company. The Company plans on listing GCC on the OTCMarkets OTCQB market place. The Company anticipates shares of GCC to begin trading as a standalone entity during the 1st Quarter of 2017. A new corporate website for GCC will go "live" prior to the Record Date.

Post-split, GCC intends on filing a Registration Rights offering for its existing shareholders. The offering will give each shareholder the right to purchase additional units in GCC for a defined period of time. Shareholders will have the right to purchase additional units of GCC at a fixed price of $.25/unit for a total equity raise of $500,000.00. In the event the Rights Offering is fully subscribed, GCC will have 29.5 million common shares outstanding with a market capitalization of $7.4 million. The Company plans to use the proceeds from the rights offering to provide equity capital to support the continuing execution of the Company's growth strategy plans, acquisitions and general business development.

 


December 22, 2016: Greater Cannabis Company Twitter Page found by poster: Secret Service

https://mobile.twitter.com/GreaterCannabis

 


December 16, 2016: OTC Markets Supplemental Information Posted

Current Report - GCC Notice of Conversion to Corporation

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=164282

Item 5.03. Amendments to Articles of Organization or Bylaws; Change in Fiscal Year. On December 14, 2016, Sylios Corp (the “Company”) filed a Current Report with OTC Markets stating that it would file an Amended and Restated Articles of Incorporation for its wholly owned subsidiary, The Greater Cannabis Company, LLC (the “Subsidiary”). The Board of Directors voted on December 16, 2016 to forgo this corporate action and has elected to file a Notice of Conversion for the Subsidiary. 

The Company will file a Notice of Conversion for the Subsidiary, which will convert the Subsidiary from a limited liability company to a for profit corporation. The Subsidiary’s name will change to The Greater Cannabis Company, Inc. In the newly filed Articles of Incorporation for the Subsidiary, it will designate 500 million shares for common stock and 10 million shares for Preferred stock. 

The corporate action of the Subsidiary is being implemented for the purpose of business expansion through acquisitions, joint ventures, licensing agreements and for a proposed going public transaction.

 

 

December 14, 2016: OTC Markets Supplemental Information Posted

Current Report - GCC Notice of Conversion to Corporation

http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=164117

Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On December 13, 2016, the Board of Directors of the Company’s wholly owned subsidiary, The Greater Cannabis Company, LLC (the “Subsidiary”), voted and approved a corporate act to file an Amended and Restated Articles of Incorporation for the Subsidiary. 

The Amended and Restated Articles of Incorporation of the Subsidiary will increase the Authorized common shares to 11 Billion. The corporate action of the Subsidiary is being implemented for the purpose of business expansion through acquisitions, joint ventures, licensing agreements and for a proposed going public transaction. 

The increase in Authorized common shares of the Subsidiary will not affect the Authorized common shares of the Company. 

 

 

December 13, 2016: News Article Mentions GREATER CANNABIS COMPANY

'Cannabis' Commercialization Taking Time; Individuals Can Plant 12 Pots Legally? Taxes On Discussion Table

http://www.newseveryday.com/articles/60282/20161213/cannabis-commercialization-taking-time-individuals-can-plant-12-pots-legally-taxes-on-discussion-table.htm

"In the meantime, The Greater "Cannabis" Company is looking at expanding the investment on medical/ recreational marijuana. The company is currently looking at private companies who may either invest or may go with joint ventures for the expansion."

 

 

Tuesday, December 13, 2016: Third Quarter Financials uploaded to the OTC Markets (AMENDED)

http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=164090

 

 

Monday, December 12, 2016: News Release

http://www.otcmarkets.com/stock/UNGS/news?id=146830

ST. PETERSBURG, FL / ACCESSWIRE / December 12, 2016 / Sylios Corp (OTC Pink: UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, site specific real estate development, holdings in equities, corporate debt and alternative investments is pleased to announce that the Company's wholly owned subsidiary, The Greater Cannabis Company, LLC, is actively seeking to expand its holdings in the medical/recreational marijuana sector.

On November 8, 2016, Florida voters passed Amendment 2 (formally known as the Florida Medical Marijuana Legislation Initiative). The amendment passed with a 71 percent approval. The amendment language allows for medical marijuana to be prescribed by doctors to patients of diseases such as HIV, glaucoma, post-traumatic stress disorder, ALS and Chron's disease.

The Company has elected to diversify its investment holdings concentrated around the medical/recreational marijuana sector. The Company is in active discussions with several private companies about either direct investments or joint ventures. Operational activities focus on alternative grow houses, cannabis business incubators and online portals to name a few. These opportunities were brought forward directly from the consulting efforts of the Company's outside consultant retained and announced in early 2016. The Company will update shareholders on the progress of the discussions as events develop.

Wayne Anderson, President of Sylios Corp, noted, "To help gain a better foothold in this new and exciting sector, we felt it was in the Company's best interest to branch out from our lone investment through our licensing agreement. We have had the opportunity to review numerous companies and investment opportunities and see very attractive potential in several. I expect 2017 to be an exciting year for the Company and shareholders as we look to maximize our investment potential through our cannabis subsidiary."

The Company's previously announced "GCC Superstore" will be placed out for bids for development and design.

 

 

Tuesday, December 6, 2016: News Release

http://www.otcmarkets.com/stock/UNGS/news/Sylios-Corp-is-Pleased-to-Announce-the-Company-is-Current-with-OTC-Markets?id=146607

ST. PETERSBURG, FL / ACCESSWIRE / December 6, 2016 / Sylios Corp (OTC Pink: UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, site specific real estate development, holdings in equities, corporate debt, and alternative investments, is pleased to announce that the Company has been upgraded to "Current" status with OTC Markets.

The Company posted its March, June and September 2016 Quarterly Reports and supplemental Issuer Information and Disclosure Statements last week with OTC Markets. The Company is in the process of filing the required documents with the State of Florida to bring it current as well as those for all subsidiaries.

The Company has elected to file a registration statement with the Securities and Exchange Commission during the 1st Quarter of 2017 to bring the Company back to fully reporting status. Management is currently interviewing two auditing firms for the two-year audit to accompany the registration statement.

In addition, the Company is actively working with counsel to address the DTC Chill status and will file its resolution with DTC in the coming weeks.

 

 

Monday, December 5, 2016: GREEN LIGHT

UNGS IS CURRENT

 

 

Friday, December 2, 2016 Attorney Letter is Posted

http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=163828

 

 

Wednesday, November 30, 2016:  3rd Quarter Financials were posted on OTC Markets

UNGS GOING CURRENT

http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=163633

http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=163621

http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=163633

 

 

Tuesday, November 22, 2016: UNGS Stop Sign changes to Yield  on OTCmarkets.com

2nd Quarter Financials were posted: "Going Current"

http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=163621

http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=163620

 

 

11/21/2016: Pacific Stock Transfer Company Current Share Structure Update

Issued: 7,379,059,028  (Was previously 8.1 B+)

Authorized: 9B

Restricted: 130,781,131

The issued dropped quite a bit since recent, he must have been doing some buy backs.

 

 

November 17, 2016: UNGS HAS A PULSE!

"Going Current"

Nov 17, 2016 Supplemental Information - Issuer Information and Disclosure Statement June 30, 2016 Active
Nov 17, 2016 Quarterly Report - June 30, 2016 Quarterly Report Jun 30, 2016 Active

 

 

May 16, 2016: Quaterly Report Update

1st Quarter Financials were posted to http://www.sylios.com website

May 16, 2016 Quarterly Report - March 31, 2016 Quarterly Report Dec 31, 2015 Active

 

 

May 10, 2016: Agreement page provided by poster: ABE01

#96839
Here is the signed agreement
abe01 05/10/16 05:31:12 PM

 

 

February 9, 2016: News Release

https://www.accesswire.com/436655/Sylios-Corp-Retains-Consultant-to-Expand-Licensing-Agreement

ST. PETERSBURG, FL / ACCESSWIRE / February 9, 2016 / Sylios Corp (OTC Pink: UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, site specific real estate development and holdings in equities, corporate debt and alternative investments is pleased to announce that it has retained the services of a Consultant to further expand on the sub-licensing and use of dispensary products.

The Company has retained the services of a Consultant to assist in the sub-licensing of the dispensary products granted to the Company in the licensing agreement entered into with Artemis Technologies.

The Consultant will work through political avenues in an effort to broaden the scope of the use of the dispensary product and in an effort to license the use of the product in the States of Florida, Colorado and Washington.

 

 

March 30, 2016: End of Year Financials

http://www.sylios.com/wp-content/uploads/2016/05/DETAILED-2015-ANNUAL-REPORT-FINAL.pdf

On July 2, 2014, the Company formed Bud Bank, LLC ("BB") in the state of Florida. BB will act as the Company’s operating subsidiary dedicated solely to the Company's cannabis dispensing product.

On August 1, 2015, the Company and Artemis Dispensing Technologies ("Artemis") agreed to amend the terms of the licensing agreement entered into by both parties on July 31, 2014. Under the amended terms, the Company's compensation to Artemis has been reduced, the term of the agreement extended through 2018 and the per unit cost to the Company decreased. Further details of the amended terms will be provided upon execution of the definitive documents.

Issuer Purchases of Equity Securities

The Company reacquired 586,799,722 shares of its issued and outstanding common stock which were returned to the Company's transfer agent to be retired during the calendar year ended December 31, 2015.

On May 21, 2015, the Board of Directors of the Company voted, at the request of Management, and approved an increase and extension to the January 1, 2011 Stock Repurchase Plan. The Company was previously authorized to repurchase up to Two Hundred Fifty Thousand No/100 Dollars ($250,000) of its common stock in the open market or in privately negotiated transactions. The Company is now authorized to repurchase up to Five Hundred Thousand and NO/100 Dollars ($500,000) for a period of two years from the date of the May 21, 2015 resolution. The repurchase program will be funded by the Company's available cash and may be commenced or suspended at any time or from time to time. The plan will continue as long as periodic management reviews determine it to be fiscally feasible and may be discontinued at any time.

On February 22, 2016, the Company engaged Pacific Stock Transfer to act in the capacity as its Transfer Agent.

http://www.pacificstocktransfer.com

6725 Via Austi Pkwy, Suite 300 Las Vegas, NV 89119

Tel: (702) 361-3033 / (800) 785-PSTC
Fax: (702) 433-1979

info@pacificstocktransfer.com

 

 

March 15, 2016: News Release

Sylios Corp Opens Oilfield Equipment Purchasing Division

https://www.accesswire.com/437879/Sylios-Corp-Opens-Oilfield-Equipment-Purchasing-Division

Sylios Corp (OTC Pink: UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, site specific real estate development, holdings in equities, corporate debt and alternative investments is 1.) pleased to announce that it has opened a new division focusing on the purchase of new and used oilfield equipment.

NEW DIVISION ANNOUNCEMENT

The Company's new division will look to purchase new and used oilfield equipment from those Operators and Supply shops either going out of business or looking to move supply at distressed prices. The Company will focus on the states of Kentucky, Tennessee and West Virginia for the near term. Through an agreement with a financing entity, the Company will be allotted capital to purchase and store or purchase and flip the acquired equipment.

  

The Company will look to purchase in-ground and above-ground completion components including but not limited to: service rigs, work-over rigs, rods, tubing, pump-jacks, pumps, cups, polish rods, valves, fittings and tanks. The Company is currently out for bid on four lots of equipment after a successful bid last week. The Company will provide further information on its website for sellers of equipment.

Update on GCC and Licensing Agreement

The Company, through outside consultants, plans to reinitiate the development of the Greater Cannabis Company "GCC" Superstore during the second and third calendar quarters of 2016 as the pivotal state elections approach. The Company continues to work towards the monetization of its licensing agreement with Artemis and anticipates that activity will increase on a rapid pace with the rollout of the units.

Update on Marina Joint Venture

The Company recently met with the Miami-Dade County Department of Environmental Resources Management ("DERM") to review the submitted plans for its marina development joint venture in Aventura, FL. After discussions, the Company has elected to expand the number of slips from 42 to 77 for full development of the north and south shorelines. The Company anticipates final plans will be submitted to DERM within the next 30-60 days.

 

 

December 23, 2015: News Release

http://www.marketwatch.com/story/sylios-corp-further-expands-well-portfolio-in-tennessee-2015-12-23

ST. PETERSBURG, FL / ACCESSWIRE / December 23, 2015 / Sylios Corp (pinksheets:UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, site specific real estate development and investments in equities and corporate debt is pleased to announce that it reached an agreement to acquire royalty interests in crude producing wells located in Tennessee.

On December 18, 2015, the Company reached terms to acquire additional royalty interests in three producing wells located in TennesseeThe Company has also agreed to purchase a royalty interest in a newly drilled well located in Overton County, TN in the event the well is successful in delivering crude.

The first interest is a 5% royalty on the Newberry well located in Overton County, TN. The Newberry well is drilled to a depth of approximately 800' with production from the Ft. Payne formation. The second interest is a 5% royalty on the Nicholas well located in Pickett County, TN. The Nicholas well is drilled to a depth of approximately 1700' with production coming from the Knox and Stones River formations. The third interest is an additional 5% royalty in the Green well located in Fentress County, TN. The Company purchased its first interest in the Green well in September 2015.

On September 16, 2015, the Company entered into an Agreement to acquire interest in two oil wellsThe royalty purchases were funded on the same date through a loan from an accredited investorThe Company has repaid the loan in full through royalty payments made to it from production. The Company intends to utilize this same investment structure in the purchase of the new royalty interests.



http://www.sylios.com/other-projects/
Coming soon!

Provides Update on Marina Permits

As an update on the Company's marina development joint venture, site plans have been submitted for review to the Miami Dade County Department of Environmental Resources Management ("DERM"). Initial field studies have been completed by DERM while the developers await comments prior to the submission of the final designOnce preliminary approval is received by DERM, the development team will submit the final permit applications to the Army Corp of Engineers, Department of Environmental Protection and the City of Aventura.


http://www.sylios.com/other-projects/
Coming soon!



http://www.sylios.com/other-projects/
Coming soon!


North Marina                                                                   South Marina


   
http://www.sylios.com/other-projects/
Coming soon!
    
http://www.sylios.com/other-projects/
Coming soon!

 

 

October 29, 2015: Reverse Decision of the R/S

http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=146165

 

 

October 6, 2015: News Release

http://www.marketwatch.com/story/sylios-corp-acquires-additional-well-interests-in-two-producing-wells-2015-10-06

(ACCESSWIRE via COMTEX) -- ST. PETERSBURG, FL / ACCESSWIRE / October 6, 2015 / Sylios Corp (otc pink:UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, and investments in equities and corporate debt, is pleased to announce that it has closed on a transaction to acquire interests in two producing oil wells.

On September 16, 2015, the Company entered into an Agreement to purchase royalties in the Jerry Green 7-3-TW and James Pharis K-1 oil wells located in Fentress County, Tennessee and Cumberland County, Kentucky, respectively. Upon the terms of the Agreement, the Company will receive one hundred percent of the payments from production due to the Operator until a defined financial benefit is received, thereafter the Company shall maintain a fifteen percent (15%) and five percent (5%) royalty, respectively.

The Jerry Green 7-3-TW well drilled to a total depth of 1550' produces from the Murfreesboro formation. Current production is 2 BOD. The James Pharis K-1 well is drilled to a total depth of 675' with production from the Sunny Brook formation. The James Pharis well is being deepened to a new total depth of 1800' to test production capabilities from the third break of the Knox formation. Depending upon the completion results, the well will be placed into production immediately or stimulated via an acid frac job. Keller Drilling, LLC will act as the Operator of both wells.

Management's decision to expand the Company's oil operations came from the numerous investment opportunities that have been recently presented. The Company will continue to evaluate the acquisition of additional royalty and working interests in Kentucky and Tennessee. The Company is currently interviewing Operators in Kentucky to place its shut-in wells back into production. The Company has elected to forgo the sale of any of its wells in the state of Kentucky.

Wayne Anderson, President of Sylios Corp, noted, "With the dramatic decrease in oil pricing, many Operators have elected to shut-in wells or sell leaseholds with producing wells. The Company has been approached by several Operators over the last few months about acquiring production with attractive rates of return. We are pleased to be working with Keller Drilling and anticipate that the Company will be releasing more news in the near term on this relationship."

About Keller Drilling, LLC

Keller Drilling, LLC is a full service oil company which includes leasing, drilling, completing, servicing and selling oil to purchasers without any outside entity. They have leased acreage strategically near or on some of the largest producing wells in our area and developed relationships with landowners to expand their lease hold.

 

 

September 30, 2015: Quaterly Report Update

1st Quarter Financials were posted to http://www.sylios.com website

Oct 30, 2015 Quarterly Report - September 30, 2015 Quarterly Report Active

 

________________________________________________________________________________________________________

 

Sylios Corp

Latest News

View All News »

 

________________________________________________________________________________________________________

 

Sylios Corp

Company Background

Formed in March 2014, The Greater Cannabis Company, LLC (“GCC”) is the Company’s operating subsidiary for its recently launched operations in the medical and recreational marijuana market. The Company will look to represent a line of premier products through licensing agreements, development, acquisitions and joint ventures. The Company will launch an online superstore for marijuana related accessories under the name of GCC Superstore.

During 2014, GCC entered into a U.S. based licensing agreement with Artemis Dispensing Technologies for the development and resell of its automated dispensing product. Under the collaboration and license agreement, Artemis will be responsible for the continued development and completion of the automated dispensing product. Upon launch and sales of the product, Artemis will be responsible for the installation, training and customer support for the hardware and software. The Company will be responsible for direct sales, addition of key distributors and sub-licensing of specific territories within the U.S.

 

________________________________________________________________________________________________________

 

Sylios Corp

A New Start

Learn More

Sylios Corp, based in St. Petersburg, FL, is a holding corporation with operations engaged in the exploration and development of oil and natural gas properties, real estate development, equity investments and the development of products utilized for the medical and recreational marijuana industry.

 

Jimmy Wayne Anderson

President, Principal Financial Executive, Chairman

 

________________________________________________________________________________________________________

 

Sylios Corp

Subsidiaries

The Company maintains five wholly owned subsidiaries with operations focusing on the exploration and production of crude, alternative investments and the development and deployment of products for the medical and recreational marijuana industry.

The Greater Cannabis Company, LLC
The Greater Cannabis Company, Inc. (Coming Soon)
Bud Bank, LLC
E 2 Investments, LLC
US Natural Gas Corp Kentucky

US Natural Gas Corp West Virginia
E3 Petroleum Corp
SMLI Options, LLC

 

 

E 2 Investments, LLC

E 2 Investments, LLC is a wholly owned subsidiary which manages the Company’s alternative investments through a variety of avenues:

Buying and selling of domestic equities
Purchase of third party debt issued by publicly traded entities
Purchase of mineral rights
Direct Stock Purchase participation with other publicly traded entities
Consulting capacity
Direct funding to small and microcap companies through the issuance of debentures

 

________________________________________________________________________________________________________

 

Sylios Corp

Partnerships

Valvasone Investments
Sapphire Cay Marina

Registered Agent Name & Address VALVASONE INVESTMENTS, LLC

735 ARLINGTON AVE N
SUITE 308
ST. PETERSBURG, FL 33701

Authorized Person(s) Detail Name & Address

Title MGR

VALVASONE INVESTMENTS, LLC

735 ARLINGTON AVE N, SUITE 308
ST. PETERSBURG, FL 33701

 

________________________________________________________________________________________________________

 

Sylios Corp

Investors

Stock Symbol: UNGS

View Detailed Stock Quote »

View SEC Filings »

View Investor Relations »

 

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________________________________________________________________________________________________________

 

Sylios Corp

Company Info

735 Arlington Ave. N.
St. Petersburg, FL, 33701, US

727-821-6200

Website: http://www.sylios.com
 

© 2015 Sylios Corp All Rights Reserved.
Website by Equisolve.

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UNGS News: SHORT SQUEEZE ALERT – 4 Top Ten Most Shorted Stocks – VPOR USMJ BIEL UNGS – Buy-In Set To Catapult PPS 03/03/2017 09:27:24 AM
PostSubject
#117936  Sticky Note $UNGS Sylios Corp. (UNGS) $Pistol Pete$ 08/16/17 08:59:12 AM
#117481  Sticky Note PPS no progress there... Revenue no progress there.. Stop sign watchingsum 07/20/17 01:42:59 PM
#116951  Sticky Note UNGS SCAM ..... Keeps Pumping Away !!! ...... planetaryfuture 06/27/17 02:20:10 PM
#104441  Sticky Note Preparation for acquiring a marijuana business! relativity 12/07/16 09:46:28 AM
#117975   Lordy. This is truly dead. Even Ben Lurkin 08/16/17 07:12:03 PM
#117974   Just post it. The link will be Ben Lurkin 08/16/17 07:03:23 PM
#117973   To the trash can.....we all lost....your welcome for Flip10 08/16/17 06:51:38 PM
#117972   Please help. How do you post a link Jayell88 08/16/17 06:46:56 PM
#117971   Mr. Anderson is compensated $221,767.00 per year. Ben Lurkin 08/16/17 06:33:30 PM
#117970   Great DD. Thank you for sharing. So, is robtewms 08/16/17 06:18:00 PM
#117969   And there will be so many UNGS investors OnThe Chance! 08/16/17 06:10:53 PM
#117968   I will save you some time. No-Quarter 08/16/17 05:26:24 PM
#117967   Number 7 on the break out boards!! King Congo 08/16/17 05:05:42 PM
#117966   UNGS Woot Woothttps://media.tenor.com/images/cf510f6567c68dd7c4b367df8d379274/tenor.gif robtewms 08/16/17 04:46:24 PM
#117965   UNGS Investors getting ready for an all expense robtewms 08/16/17 04:39:35 PM
#117964   UNGS closing out Top 10 on Breakout Board. robtewms 08/16/17 04:32:36 PM
#117963   Glad to see progress. Every little bit helps robtewms 08/16/17 04:30:44 PM
#117962   Great DD. Thank you. I'll spend some time robtewms 08/16/17 04:28:52 PM
#117961   YAY, GWINIS IS BACK!!!!!!! KEEP UP THE GOOD KANEMAN 08/16/17 04:23:27 PM
#117960   Good to have you back. Add everything up wowreally 08/16/17 03:41:27 PM
#117959   Ibox has been updated. I am back as Gwinis 08/16/17 03:30:57 PM
#117957   WOW, TWO NEW POST ON OTC.....Quarter report & KANEMAN 08/16/17 03:09:55 PM
#117956   https://www.otcmarkets.com/stock/UNGS/filings UnderTheInfluence 08/16/17 02:30:30 PM
#117954   Sorry....enticing others to buy my worthless shares using Ben Lurkin 08/16/17 01:41:24 PM
#117953   I agree....nobody has done that here, thank goodness. Ben Lurkin 08/16/17 01:40:24 PM
#117952   All action to move UNGS is welcome!! Fekets10 08/16/17 01:29:36 PM
#117951   I love Pump and Dumps. An alternative to robtewms 08/16/17 01:27:20 PM
#117950   Yup...and Wayne and his friends will say anything Ben Lurkin 08/16/17 01:18:34 PM
#117949   Yes. We are at over half of the robtewms 08/16/17 12:11:52 PM
#117948   Let's go UNGS! We'll take any action Fekets10 08/16/17 12:06:02 PM
#117947   UNGS on the Breakout Board. Look alive. Lots robtewms 08/16/17 12:01:08 PM
#117946   Yes. It's happening sweetheart. UNGS PRs will soon robtewms 08/16/17 11:54:16 AM
#117945   Agreed. They are going to pry my UNGS robtewms 08/16/17 11:50:59 AM
#117944   LOL !!! Cant even buy a Big happycampers 08/16/17 11:50:43 AM
#117943   Volume and the ask is coming down!!!!! Stop KANEMAN 08/16/17 11:49:35 AM
#117942   UNGS showing high volume today. Someone knows something. robtewms 08/16/17 11:46:33 AM
#117941   $UNGS VOLUME $$$$$$$$$$$ Gwinis 08/16/17 10:33:02 AM
#117940   it's flatlined - when is the final funeral happycampers 08/16/17 09:34:19 AM
#117939   that's been said SO many times , I happycampers 08/16/17 09:33:01 AM
#117937   Well we can figure who has been buying Gwinis 08/16/17 09:12:53 AM
#117936   $UNGS Sylios Corp. (UNGS) $Pistol Pete$ 08/16/17 08:59:12 AM
#117935   Greater cannabis store. Bwahahahahahahahahahaha 90 West 08/16/17 08:50:25 AM
#117934   $UNGS One Year Chart http://www.stockscores.c $Pistol Pete$ 08/16/17 08:21:02 AM
#117933   Yep! Actions Speak Louder than Words! Wayne has 29YEARINVESTOR 08/16/17 04:52:57 AM
#117932   Not without Wayne filing q1 and q2 first. Ben Lurkin 08/16/17 01:48:18 AM
#117931   GREAT!!!!! RELEASE THE KRAKEN KANEMAN 08/15/17 11:35:57 PM
#117930   You got it! We gonna rock and SkittlesRed 08/15/17 11:21:10 PM
#117929   Soooo I reckon that stop sign will be KANEMAN 08/15/17 11:04:04 PM
#117928   And who is one of our new major "investors"? Ben Lurkin 08/15/17 10:13:10 PM
#117927   http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=177511 Gwinis 08/15/17 08:47:21 PM
#117926   Wayne has lots of friends who give him Ben Lurkin 08/15/17 08:40:12 PM
#117925   Other than staying out of jail, what might robtewms 08/15/17 08:35:37 PM
#117924   That is the same thing he did with Ben Lurkin 08/15/17 08:32:07 PM
#117923   I told you he was a genius. Take robtewms 08/15/17 08:16:30 PM
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