The Corporation's Board of Directors ratified, approved and recommended that the Corporation's Majority Consenting Stockholders consent to the Name Change to more accurately reflect the Corporation's recent business developments. More specifically, as disclosed in its current report on Form 8-K filed with the SEC on August, 2014, the Registrant announced the organization under the laws of the State of Israel of a new, wholly-owned subsidiary, One World Cannabis Ltd. ("OWC").
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