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NEWS..!
TORONTO, Jan. 08, 2018 (GLOBE NEWSWIRE) -- MPX Bioceutical Corporation (the “Company” or “MPX”) (CSE:MPX) (MPXEF) today announced that the Company, through its indirect wholly-owned subsidiary, S8 Management, LLC (“S8 Management”), is entering into management agreements with each of Rosebud Organics, Inc. (“Rosebud”), which is authorized to purchase, process and sell medical cannabis products in Maryland, and Budding Rose, Inc. (“Budding Rose”), which is authorized to operate a dispensary and sell medical cannabis products in Maryland. Pursuant to the management agreements, S8 Management will provide all management services typically required by a production facility, in the case of Rosebud, and a dispensary facility, in the case of Budding Rose. Management services include, but are not limited to, all staffing, materials, equipment, logistical support, accounting and other administrative functions, contractor selection, advisory services and any other requirements essential to the successful operation of Rosebud and Budding Rose.
In addition to managing the facilities, the Company, through its wholly-owned subsidiary, CGX Life Sciences, Inc. (“CGX”), will concurrently acquire options to purchase 100% of the issued and outstanding common stock of Rosebud for aggregate consideration of US$3,018,181.82 and Budding Rose for aggregate consideration of US$2,481,818.18. The options are each exercisable for a period of two (2) years. The Rosebud exercise price will be comprised of a cash payment of US$2,200,000 with the remainder of the purchase price satisfied by the issuance of 1,329,811 common shares in the capital of the Company (the “MPX Shares”) at a price of $0.77 per MPX Share. The Budding Rose exercise price will be comprised of a cash payment of US$1,800,000 with the remainder of the purchase price satisfied by the issuance of 1,108,184 MPX Shares at a price of $0.77 per MPX Share.
Concurrently with entering into the management agreements and the option agreements to acquire the Rosebud and Budding Rose options, CGX will provide secured loans to the sellers in the aggregate principal amount of US$4,000,000 bearing interest at a rate of 3% per annum. The secured loans are repayable on the earliest of: (a) the termination of the option agreements; (b) the option has not been exercised within 180 days following the expiry of the option periods; and (c) following an event of default.
The management agreements with Budding Rose and Rosebud will result in MPX subsidiaries now operating three medical cannabis enterprises in the State of Maryland. The first management agreement with LMS Wellness, Benefit LLC was announced on December 12, 2017. Rosebud is one of only 14 licenses issued to process cannabis derivatives in the State of Maryland. The facility is completely built-out and when fully operational will be capable of producing 825,000 grams of MPX-branded cannabis concentrates per annum.
Budding Rose will operate a dispensary in a high-traffic area of downtown Bethesda, Maryland, in close proximity to the Walter Reed Military Medical Center and National Institutes of Health. Bethesda, Maryland is located within the Capital Beltway and is one of the wealthiest communities in the Capital Region. The dispensary is currently under construction and is expected to be operational in late February of this year.
“We see our operations in Maryland as offering MPX a ground-floor growth opportunity in a State with a population only slightly smaller than that of Arizona,” says Scott Boyes, Chairman, President and CEO of MPX. “The addition of a licensed processing facility will allow us to introduce the MPX brand of concentrates to a fourth State and to expand the MPX brand into another east-coast market.”
Cannabis Market in Maryland
In 2012, a State law was enacted in Maryland to establish a state-regulated medical marijuana program. Legislation was signed in May 2013 and the program became operational on December 1, 2017.
Originally envisioned to restrict cannabis cultivation and distribution in Maryland to academic medical centers that closely monitored patients, the legislation was revamped to its current form in 2014 under House Bill 881. By September 2016, Maryland state officials were considering more than 800 applications for prospective dispensaries throughout the state. Under Maryland regulations, there is a cap of 102 dispensary licenses (only 10 of which are currently licensed), limited to two per state senatorial district. Further, the Commission has only awarded 14 licenses to grow medical marijuana (out of a pool of almost 150 applicants) and a further 12 licenses to process medical marijuana into pills, oils and other processed products.
O/S is 14 mill...
Gone on an early morning of trading BVTK...
Current OS = 0..?
Short term memory of impatient investors is the reason...
Enter the Equity Investors!
Why has there been no posting about the equity investors coming in?
Item 3.02 Unregistered Sales of Equity Securities.
On October 19, 2017, the Company issued 1,851,851 shares of common stock to Carebourn Capital LP (“Carebourn”) in partial satisfaction of its obligations under, and the holder's election to convert a $5,000 principal portion of, the Company's convertible promissory note issued to Carebourn on March 24, 2016.
On October 19, 2017, the Company issued 1,851,851 shares of common stock to Carebourn in partial satisfaction of its obligations under, and the holder's election to convert a $5,000 principal portion of, the Company's convertible promissory note issued to Carebourn on February 8, 2016.
On October 19, 2017, the Company issued 1,851,851 shares of common stock to Carebourn in partial satisfaction of its obligations under, and the holder's election to convert a $5,000 principal portion of, the Company's convertible promissory note issued to Carebourn on June 3, 2016.
On November 8, 2017, the Company issued 34,630,160 shares of common stock to Carebourn in partial satisfaction of its obligations under, and the holder's election to convert a $51,955.58 principal portion and $4,145.28 of accrued interest of, the Company's convertible promissory note issued to Carebourn on May 4, 2017.
On November 10, 2017, the Company issued 13,260,075 shares of common stock to Union Capital, LLC (“Union”) in satisfaction of its obligations under, and the holder's election to convert $17,500 of principal and $732.60 of accrued interest of, the Company's $17,500 convertible promissory note issued to Union on May 1, 2017.
On November 16, 2017, the Company issued 37,933,748 shares of common stock to Union in satisfaction of its obligations under, and the holder's election to convert a $34,000 portion of principal and $1,468.05 of accrued interest of, the Company's first $50,000 convertible promissory note issued to Union on May 1, 2017.
On November 28, 2017, the Company issued 68,713,455 shares of common stock to Adar Bays, LLC (“Adar”) in partial satisfaction of its obligations under, and the holder's election to convert a $3,779.24 principal portion of, the Company's back-end convertible promissory note issued to Adar on December 19, 2014.
On November 29, 2017, the Company issued 17,896,183 shares of common stock to Union in satisfaction of its obligations under, and the holder's election to convert a $16,000 portion of principal and $732.93 of accrued interest of, the Company's first $50,000 convertible promissory note issued to Union on May 1, 2017.
On November 29, 2017, the Company issued 18,151,715 shares of common stock to Carebourn in partial satisfaction of its obligations under, and the holder's election to convert a $21,055.99 principal portion of, the Company's convertible promissory note issued to Carebourn on April 27, 2016.
On December 1, 2017, the Company issued 31,299,389 shares of common stock to Adar in partial satisfaction of its obligations under, and the holder's election to convert a $10,328.80 principal portion of, the Company's back-end convertible promissory note issued to Adar on December 19, 2014.
2
On December 1, 2017, the Company issued 55,960,735 shares of common stock to Union in satisfaction of its obligations under, and the holder's election to convert $50,000 of principal and $2,323.29 of accrued interest of, the Company's second $50,000 convertible promissory note issued to Union on May 1, 2017.
On December 13, 2017, the Company issued 40,000,000 shares of common stock to Carebourn in partial satisfaction of its obligations under, and the holder's election to convert a $45,600 principal portion of, the Company's convertible promissory note issued to Carebourn on June 9, 2017.
On December 19, 2017, the Company issued 26,525,529 shares of common stock to Union in satisfaction of its obligations under, and the holder's election to convert $25,000 of principal and $1,260.27 of accrued interest of, the Company's $25,000 back-end convertible promissory note issued to Union on May 1, 2017.
On December 21, 2017, the Company issued 41,000,000 shares of common stock to Carebourn in partial satisfaction of its obligations under, and the holder's election to convert a $45,100 principal portion of, the Company's convertible promissory note issued to Carebourn on June 9, 2017.
These issuances of shares were made in reliance on the exemption from registration provided by Sections 3(a)(9), 4(a)(1) and 4(a)(2) of the Securities Act as the common stock was issued in exchange for debt securities of the registrant held by each shareholder, there was no additional consideration for the exchange, there was no remuneration for the solicitation of the exchange, there was no general solicitation, and the transactions did not involve a public offering.
How easy it is to forget the tremendous potential of BVTK...
Here is another partnership that makes sense as it relates to contracts and one should narrow their eyes on DUN numbers IMHO
"CrucialTrak will contribute IT integration services on Bravatek’s US government SEWP (Solutions for Enterprise Wide Procurement) contract vehicle to enable both the US military and civilian agencies access to their unique capabilities. By including it in its “product line-up and promotional toolbox”, Bravatek has the potential to be the rapid conduit for new orders through various government agencies. CrucialTrak’s US-based staff of IT professionals will provide technical support for Bravatek’s new customers"http://bravatek.com/crucialtrak-joins-forces-with-bravatek-as-its-newest-development-and-marketing-alliance-partner/
Are we expecting any updates soon Chunky..?
Thanks for keeping us posted Dickey...
$42,000,000 IN REVENUE VERY SOON!
And OTTV has not used a dime of new 5 million in credit!
100,000 subscriptions ($42,000,000) is so easy, and just the beginning, OTTV will see 500,000 subscriptions by the end of 2018.
500,000 subs = $210 million dollars in revenue...PPS?
December 18, 2017
Johnny Falcones, Chief Executive Officer of VIVA, commented, "I'm excited to have my long-time friend, Mr. Luis Guzmán, involved in helping promote the VIVA brand and bring awareness of our amazing product to the world. Luis has a huge domestic and international fan base with whom he is eager to share all that VIVA has to offer. When you combine the recent Oi2 marketing agreement the Time Square Billboard and Luis' star power, we believe that we can reach a significant number of potential customers. Once those potential customers understand the incredible value of VIVA, they will become service subscribers. Our short term goal is to reach 100,000 subscribers and we believe these relationships should get us far along in realizing this target."
It's at .57 John...
Did you divest from your other MJ holdings John..?
You're behind the times fry...
It is next year...
Excellent MPXEF Video John...
MPX featured company video:
Anyone here bailed yet..?
I haven't...
Or are yee buying more since it appears a bit down again today.
Haven't seen NDK for awhile...
Perhaps BVTK will hit 29 again...
If not today, then tommorrow...
I've heard these comments posted by a number of different investors on many MJ stock boards so it's not just one opinion.
Also... looks like MPXEF has gone back up some 10% in the last half hour...
My personal theory: sessions pulling this crap will actually lead to quicker legalization of MJ
Sessions pressure on the issue will place a greater emphasis on MJ legislation which 64% of Americans are in favor of. Therefore legislation will pass sooner than it would have without sessions
We are past the tipping point. And anyone who things the feds are going to spend money they don't have to crack down on American businesses producing tax revenue and jobs only to spend more money on jailing people...while enabling our neighbors to the north and south to gain global leadership and revenues in the Industry is incorrect
What you say makes alot of sense my friend...
Plus it looks like MPXEF has gone back up some 10% in the last half hour...
My personal theory: sessions pulling this crap will actually lead to quicker legalization of MJ
Sessions pressure on the issue will place a greater emphasis on MJ legislation which 64% of Americans are in favor of. Therefore legislation will pass sooner than it would have without sessions
We are past the tipping point. And anyone who things the feds are going to spend money they don't have to crack down on American businesses producing tax revenue and jobs only to spend more money on jailing people...while enabling our neighbors to the north and south to gain global leadership and revenues in the Industryis incorrect
So does that mean your now out..?
Yes... sad day...
This too shall pass...
And hopefully someone ends Sessions.
Followed you my friend...
Agreed iTrade...
Thanks for the reminder.
This is exactly why the entire sector is red. However, this will pass and MJ will continue to thrive. There’s too much tax revenue at stake for the government to shut the whole thing down, not to mention the majority of Americans supporting decriminalization of MJ.
Days like today are opportunities. 10 years from now we’ll all look back wishing we would have invested more across the sector.
Perhaps this is why MJ stocks are down today...
However I believe this is a Canadian Company correct..?
This is not new is it Cary..?
Thanks Panther...
Sessions...
https://www.bloomberg.com/news/articles/2018-01-04/pot-stocks-plunge-on-report-u-s-to-rescind-expansion-policy
Great time to buy onci which isnt a one trick mj pony.
Just sayin.
Don't get it...
MJ season should run through April 2018...
BVTK got up to 29 this morning..?
Please do keep us advised Rhino...
Yep... Know what you mean my friend...
Don't miss this one folks..!
More NEWS OUT!!
GlobeNewswire•January 3, 2018
CHESTER, N.Y., Jan. 03, 2018 (GLOBE NEWSWIRE) -- The Go Eco Group Inc. (OTC PINK:LIBE) is pleased to announce today that it has finalized a joint venture with Bravatek Solutions, Inc. to develop proprietary secure communications software for LIBE’s flagship product, the Guard Lite.
Bravatek Solutions, Inc. (BVTK) is a high technology security solutions portfolio provider that assists corporate entities, governments and individuals protect their organizations against both physical and cyber-attacks through its offering of the most technically-advanced, cost-effective and reliable software, tools and systems. The introduction of such high-end software will allow the Guard Lite a secure internet access point and multiple Guard Lights to communicate with each other.
“We’re very excited to be able to offer new and advanced features with the next generation of the Guard Lite” stated Brian Conway, CEO of LIBE. “We envision the Guard Lite to be the first 100% off the grid, solar and wind powered LED lighting and Wi-Fi security product that can also allow secure internet access within an unspecified radius. Through this partnership, we will have the level of security necessary to market to Government and municipalities in the upcoming months.”
More excellent info from the DD King POWERBATTLES here on OTTV...
MERGE TALKS WITH MAJOR PLAYERS IN THE WORKS. EXPECTING NEWS COMETH...
More excellent News..! Thank you Janet..!
OTTV- Ignition invests in emerging and future leaders in communications, internet, software, and services across business and consumer targets.
IGNITION HAS NOT FUNDED ANY OTHER OTC COMPANIES! LOOK AT THE COMPANIES THEY HAVE FINANCED, SOME ARE NOW MULTI-BILLION DOLLAR CORPORATIONS. NONE WERE EVER OTC, BUT OTTV IS! That is how you know it is not TOXIC.
Ignition Founder Testimonials.
Thank you my friend...
I WOULD BE THRILLED TO SEE JF DROP ABOUT A MILLION FLIERS OUT OF A PLANE IN HEAVILY POPULATED LATINO AREAS OF THE COUNTRY. CERTAINLY IM JOKING, BUT HERE IS WHY I SAY THAT.
DONT KNOW ABOUT ANYONE ELSE, BUT I TEND TO PICK UP FLIERS, PUT THEM IN MY POCKETS, TO DIGEST LATER. JUST THINGS THAT INTEREST ME. SUCH AS A FLIER SAYING 800 CHANNELS/MOVIES FOR $35, NOT JUST ANYTHING. SUBSCRIPTION DETAILS IN HAND ARE THE KEY. ADS REQUITING MEMORY JUST DONT GET IT.....DID THAT BILL BOARD SAY VIVA OR VIVI OR VEVI??? ETC.
I WILL BE FIRST TO SAY NOTHING IS A SLAM DUNK ON THE OTC! HOWEVER I HAVE BEEN DOING THIS LONGER THAN MOST READING THIS HAVE BEEN ALIVE. OTTV WAS ALSO VETTED BY THE BEST IN THE BUSINESS (PB)
HAVING SAID THIS, I DONT KNOW IF I HAVE EVER SEEN A STOCK DOWN HERE WITH THIS MUCH POTENTIAL. IMO MANY MILLIONAIRES WILL BE MADE HERE. I HOPE YOU ARE ONE OF THEM.
Yep... agree 100%
The other great thing is you don't have to listen to the non-sense with the wonderful iHub Ignore feature...
GREAT THING ABOUT BEING FULLY LOADED IS YOU DONT HAVE TO SIT AND LISTEN TO NONSENSE ALL DAY LONG.. SITTING BACK AND LAXING.
RUN INTO PENNIES/SILVER IS INEVITABLE. I DONT CARE WHEN. TOMORROW, NEXT WEEK, NEXT MONTH! DOESNT MATTER TO ME. WHAT IS IMPORTANT IS THAT I WILL EASE OUT FOR A MILLION HOLDING REST FOR NASDAQ.
LATER PEOPLE.. SEE YA AT THE TOPwink
Well... do you have any good news to share..?
That's wonderful News Janet..!
OTTV- VIVA Being mention in a Reputable Newpapers like FINANCIAL BUSINESS NEWS bringing "Awarness" to the CO., will have a Positive Impact in the coming weeks!!!....
Gulli Arnason. Editorial Director. Gulli, an experienced former financial journalist, leads business development and strategy, with a strong focus on the development of new products and electronic publications.
Entertainment Group redesigns interface with FlixFling
VIVA Entertainment Group, Inc. (OTC: OTTV), a distributor of Over-The-Top (OTT) IPTV content to consumers in a bundled subscription format, has announced that it has completed the interface redesign as part of the revenue sharing and service agreement with FlixFling, LLC., which will allow subscribers access to the FlixFling catalogue through the VIVA portal, the company said.
As previously announced, VIVA signed a five-year agreement with FlixFling which provides for a shares of 20% of sales by VIVA of FlixFling subscriptions and 30% of from video-on-demand downloads sold through VIVA. The agreement also provided for VIVA and FlixFling to work together to promote and market the product and also develop an integrated user experience between the two services.
Philadelphia-based FlixFling offers over 15,000 movies and television shows across all genres in an OTT format. Their unique service gives customers a choice between video-on-demand and monthly subscription services. They are currently the only streaming service to offer both movies and music to customers at one low price and the only service to offer streaming music video channels.
VIVA Entertainment Group, Inc. is a global entertainment and technology company connecting content owners and video distributors to deliver premium content on any smart device with a screen. Viva is a service provider of an OTT system through which television services are delivered using the Internet protocol suite over a network such as the Internet, instead of being delivered through traditional terrestrial, satellite signal and cable television formats.
For more information, visit www.vivalivetv.net www.vivalivetv.com
Flixfling is a streaming movie and television service based in Philadelphia, PA. FlixFling, is available on multiple devices and platforms including TiVo, Opera, Roku, Xbox, IOS, Android, Chromecast, Vizio, Samsung and others. FlixFling is a subsidiary of Invincible Pictures, a full service film production and distribution company.
BY Gulli Arnason - December 29, 2017
Related Articles
•Media and Technology
Hang in there... more .50 blasts a commin...
This is awesome news my friend..!
MPX #5 in Revenues of ALL CANADIAN MARIJUANA COMPANIES
We have been under the radar, this is the type of company you want to find and buy in right now.
RIGHT NOW. WE ARE GOING FOR A HUGE RIDE AND WILL NEVER BE COMING BACK.
Holdings in:
Arizona - dispensaries, grow op, oils, edibles, doubling our sq ft
Nevada - cultivation, production, applied for dispensaries
Masachusetts - licenses, land, building it up
Maryland - all the same
Ontario - Owen Sound facility building it will be 75,000 sq ft this year and expand to 400,000 sq ft
MPX Brand - recognized brand in Arizona and Nevada, edibles, oils, resin, etc,
We are one of the leading companies in North America and growing faster than anybody.
Read more at http://www.stockhouse.com/companies/bullboard?symbol=c.mpx&postid=27259795#EsBPVp5hqkuKJ6ye.99
Looking Golden for 2018.!
In Reply to 'N_D_K_Hey' on 'MPX Bioceutical Corp. (MPXEF)
We are poised for rapid growth across all North America in 2018. If you want to be in an exploding marijuana stock that has all North America domination in it's sights, MPX is the one.
- NEVADA: Cultivation, Production, and Distribution with our GREENMART subsidiary
- ARIZONA: two Health for Life (‘H4L’) Dispensaries and its well established MPX Brand
- MASSACHUSETTS: Wholly-owned subsidiary CGX Life Sciences Inc. has a 51% interest in IMT LLC and Fall River Developments, LLC (“FRD”), two Massachusetts registered companies active in the cannabis space
- MARYLAND: MPX Bioceutical Corporation has entered into non-binding letters of intent to acquire dispensary and production licenses in Maryland
- ONTARIO: MPX Bioceutical Corporation is developing a 72,342 square foot production facility in Owen Sound, Ontario. Future expansion allows for up to an additional 402,658 square feet for a total of 475,000 square feet
- MELTING POINT EXTRACTS: MPX brands utilize state of the art extraction equipment and exceptional starting materials to provide best-in-class award winning products, currently offered in Arizona, Nevada and Massachusetts.
LOL
Happy New Year Chaka and my FRZT friends...
Agreed..!
Happy New Year my FRZT friends...
Agreed..!
I'm a new invester to MPX Bioceutical Corp. (MPXEF) and appreciate all your helpful incites my friend...
Looking forward to the brightest New Year ever...
Up 17+ %..!
Happy New Year FRZT faithful..!
He's a broken record...
Never posts anything do validate the diatribe.
But... where are his posts...
They have strangely disappeared...
Happy New Year OTTV faithful..!
Yes... be looking for at least 17 by the close...
In Reply to 'evangelico' on 'Viva Entertainment Group Inc. (OTTV)
This is funny. 29mil bid at 15 and people flipping this at 17 that is why it keeps bouncing back and forth. 1 mil at the ASK is nothing. Back to 17 very easy.
Got it..! US bond markets will close early at 2 p.m. ET on Friday, December 29, 2017. Closed Monday. Thanks..!