Monday, October 02, 2017 11:45:43 AM
These properties are held under the Futureland Corp subsidiary.
As to the properties:
The land in Colorado not only has no water rights, but the structures on the land (building or otherwise) must adhere to the bylaws of the HOA that the land resides in..., meaning they have to look like a residential building..., complete with siding and roofs.
At this point in time, nothing has been done on the property.
As to the land in Oregon, the original land acquisition of 80 acres (they own half) is actually the top half of a mountain..., (look up the land parcel and view it on a topographical map to really get a good look at it.), of which about 1/5 of an acre is cleared and in use near the bottom.
The are currently beginning a harvest of 292 plants, which is the total income thus far for the company for the entire year. (An approx. value of $700K of which they get half).
There is another parcel they were looking into, but I have not seen anything to indicate they have acquired any portion of it..., it was a completely undeveloped area as well.
Since they also have a company called HempTech, which is basically a direct competitor to the Santos pods, I wouldn't think they would in a partnership with them.
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