Rapid Fire Marketing Inc. (fka RFMK)

[LeGoose]

8K out after hours. Looks very positive to me. Maybe we'll get a PR on Monday.

http://archive.fast-edgar.com//20150619/A222S22CZ22R8JT2222R2ZX24P5C7Z22Q272/

Item 1.01 Entry into a Material Definitive Agreement.

On June 15, 2015, Rapid Fire Marketing, Inc. (the “Company”) and Black Ice Advisors, LLC (“Black Ice”) entered into an Asset Purchase Agreement (the “Agreement”), pursuant to which the Company agreed to purchase from Black Ice the following assets: (1) a 2,000 gallon water truck, (2) a 25,000 gallon steel water tank and (3) a 2005 John Deere skip loader tractor (together, the “Assets”). As consideration for the Assets, the Company executed a convertible promissory note in the principal amount of $90,000 (“Note”) that matures on December 10, 2015 and carries no interest. If upon maturity the Company is unable to repay the Note, Black Ice may convert the note into shares of the Company’s common stock at a fifty percent (50%) discount to the lowest intraday bid price during the preceding twenty (20) days from the Notice of Conversion.

The Company is acquiring the Assets in connection with the development of a new business division in industrial hemp farming. The Company recently leased sixty six acres of farmland in the Inland Empire region of California. Within the next thirty days, the Company will begin preparation of the farmland for industrial hemp farming. The land will be cleared of rocks and debris, then plowed to enable the Company to begin planting immediately upon receiving a permit from the State of California Department of Agriculture. California is currently putting the infrastructure in place to facilitate the permit process. Therefore, we cannot be certain as to when we will be able to begin growing. The Company is actively recruiting labor to commence industrial hemp farming once we receive the requisite permit from the State of California.

Under current agreements, it is expected that the initial operations of the industrial hemp farm will cost less than $10,000 per month, inclusive of lease payments and labor. Once the land is ready for seeding, the workforce will consist of one supervisor and one equipment operator who will operate the farm. It is anticipated that this workforce will be able to harvest the hemp and transport to a processing plant. The Company will continue to harvest and sell industrial hemp to raise enough money to lease additional adjacent acreage to expand the business.