... The company further announces the immediate termination of two separate corporate actions. First, according to the company, it has become clear that the Marijuana industry is under intense scrutiny by regulatory bodies therefore, effective immediately Fortitude will be rescinding the acquisition of Mari-Medical Pharmaceuticals. Fortitude firmly believes Mari-Medical is on the right path, unfortunately, given the current regulatory environment both parties are better served by moving forward separately. Management of Fortitude wish the management team at Mari-Medical the best of luck, and they appreciate all of their hard work to date.
Fortitude Group, Inc. Executes Development Agreement With East Coast Native American Nation May 23, 2014 OTC Disclosure & News Service
- Fortitude Group, Inc. Executes Development Agreement With East Coast Native American Nation ERIE, PA--(Marketwired - May 23, 2014) - Fortitude Group, Inc. (PINKSHEETS: FRTD) announced today that they have executed a development agreement with an East Coast Native American Nation.
Under the terms of the agreement, Fortitude shall develop a white labeled social media aggregator that can be used by the tribal casino hosts and management to further enhance the casinos personal profiles of existing high frequency gamblers. In addition, upon completion, this application will provide the casino a currently unavailable, real-time tool that can be used to qualify new player's credit worth and the risk associated with specific players based on past performance at other facilities. This application is being developed around the same technology that powers Fortitudes ShareholderCONNECT application. The proposed completion and delivery date is June 22, 2014.
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