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Thursday, February 02, 2017 2:17:28 PM
Here is a good reason to buy this stock:
Monday, January 23, 2017 - GCC Superstore, LLC Found
Florida Limited Liability Company
http://greatercannabiscompany.com/e-commerce/
"Through the Company’s wholly owned subsidiary, GCC Superstore, LLC, we are set to launch the most diverse online one-stop shopping experience for the cannabis industry. GCC Superstore is currently in the final stages of design, development and coding. The GCC Superstore will carry everything from E-Liquids, Vape Pens, Vape Mods, Clothing, Clips, Pipes, Bongs, Rolling papers and more."
GCC SUPERSTORE, LLC
Filing Information
Document Number L17000011010
Date Filed 01/13/2017
Effective Date01/09/2017
State FL
Status ACTIVE
Thursday, January 19, 2017: GCC "INC" is Posted as A Corporation
in Florida with Conversions Listed
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=GREATERCANNABIS%20P170000045370&aggregateId=domp-p17000004537-69a1f1d7-2049-4ebf-bb2d-ecbb1559d26b&searchTerm=Greater%20Cannabis%20Company&listNameOrder=GREATERCANNABIS%20L140000462060
Detail by Entity Name
Florida Profit Corporation
THE GREATER CANNABIS COMPANY, INC.
Filing Information
Document Number
P17000004537
Date Filed
01/13/2017
Effective Date
03/20/2014
State
FL
Status
ACTIVE
Last Event
CONVERSION
Event Date Filed
01/13/2017
Wednesday, January 18, 2017: News Article Mentions
Sylios Corp and The Greater Cannabis Company
http://m.benzinga.com/article/8913427?utm_referrer=https%3A%2F%2Fwww.google.com%2F
Deal Flow: "“What was good news is that there were numerous announcements related to M&A deals that are currently in negotiation,” the expert continued. On the one hand, Sylios Corp (OTC: UNGS) announced the record date for the spinoff of its wholly owned subsidiary, the Greater Cannabis Company, LLC."
Thursday, January 12, 2017: GCC, LLC REINSTATEMENT
Florida Department of State Division of Corporations
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=GREATERCANNABIS%20L140000462060&aggregateId=flal-l14000046206-e94b676c-f6a9-452b-b74a-731886f27d5d&searchTerm=greater%20cannabis%20company&listNameOrder=GREATERCANNABIS%20L140000462060
THE GREATER CANNABIS COMPANY, LLC
2017 FLORIDA LIMITED LIABILITY COMPANY REINSTATEMENT
Filing Information
Document Number L14000046206 FEI/EIN Number 30-0842570 Date Filed 03/20/2014
Effective Date 03/13/2014 State FL
Status ACTIVE
Last Event REINSTATEMENT
Event Date Filed 01/12/2017
Friday, January 6, 2017 - Sylios Website Updated with Divy Questions and Answers
http://www.sylios.com/stockdividend/
Stock Dividend
On December 28, 2016, Sylios Corp announced that its wholly owned subsidiary, The Greater Cannabis Company, Inc. (“GCC”) (f/k/a The Greater Cannabis Company, LLC), would be spun off to shareholders of its common stock. To help guide you through this process and answer questions that you may have, please review the following information.
Important Dates:
Record Date-February 3, 2017
Ex-Dividend Date- February 1, 2017
Payment Date- February 13, 2017
Who gets shares of GCC?
Holders of Sylios Corp common stock, (OTC Pink: UNGS), as of the close of business January 31, 2017.
If I buy shares of Sylios Corp on February 1, 2017 or after will I receive shares of GCC?
No.
How many shares will I receive?
You will receive 1 share of common stock of GCC for every 500 shares of common stock you own of UNGS.
What happens if I do not own 500 shares exactly?
In lieu of issuing fractional shares in connection with the stock dividend, the company will round fractional shares up to the next whole share.
Do I need to contact my broker about the stock dividend?
No. On the Payment Date, GCC’s transfer agent will send out the newly issued shares of GCC common stock to those Broker-Dealers and individuals holding certificates (“certificated shares”). Pacific Stock Transfer will act as GCC’s transfer agent.
Once I receive my shares, can I sell them immediately?
No. GCC is filing an initial Registration Statement (“S-1”) with the Securities and Exchange Commission (“SEC”) to register the shares being issued as per the stock dividend. Once the S-1 is deemed effective by the SEC, shareholders of GCC may sell those shares which were registered.
Is there any cost to me to register my shares of GCC?
No.
Is there a stock symbol for GCC?
During the registration process, the Company will file an application with the Financial Industry Regulatory Authority ("FINRA") for its trading symbol as well as an application with Cusip for its cusip number. Once both are received, the Company will update shareholders.
If I have any questions, who may I contact?
Please contact the Company at dividend@sylios.com.
Friday, January 6, 2017 - Sylios Corp Announces Record Date for
Spin-Off of The Greater Cannabis Company, LLC
http://www.sylios.com/wp-content/uploads/2017/01/1-6-2017-Sylios-Announces-Record-date-for-Spin-Off.pdf
ST. PETERSBURG, FL / ACCESSWIRE / January 6, 2017 / Sylios Corp (OTC PINK: UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, site specific real estate development, holdings in equities, corporate debt and alternative investments is pleased to update shareholders of important dates pertaining to the spin-off of the Company's wholly owned subsidiary, The Greater Cannabis Company, LLC.
On December 28, 2016, Sylios Corp announced that it would spin-off 80.01% of its wholly owned subsidiary, The Greater Cannabis Company, LLC through a pro rata stock distribution to holders of its common stock. Prior to the spin-off, the Company will file a Notice of Conversion with the State of Florida to effectively converting the subsidiary from a limited liability company to a Florida for profit corporation and change the Company's name to The Greater Cannabis Company, Inc. (the new "GCC"). In the newly filed Articles of Incorporation for the Subsidiary, it will designate 500 million shares for Common stock and 10 million shares for Preferred stock.
The Record date for the stock dividend is set at February 3, 2017 with the Ex-Dividend date at February 1, 2017. The stock dividend will be payable February 13, 2017 to shareholders. In order for shareholders to receive the stock dividend, they must own shares of Sylios Corp prior to the Ex-Dividend date. Sylios Corp's common stock will begin trading ex-dividend at the open on February 1, 2017.
Shareholders of Sylios Corp entitled to receive the dividend will receive 1 share of GCC common stock for every 500 shares of Sylios Corp common stock owned. In lieu of issuing fractional shares in connection with the stock dividend, the company will round fractional shares up to the next whole share.
The Company's transfer agent, Pacific Stock Transfer, will distribute shares of GCC on the payment date to certificated shareholders. Shareholders are not required to submit any information to the Company's transfer agent to receive the newly issued GCC shares of common stock. Pacific Stock Transfer will also act as the transfer agent for GCC.
Shareholders should direct any questions pertaining to the stock dividend to dividend@sylios.com. The Company has established an information page, http://www.sylios.com/stockdividend, with details on the transaction.
TUESDAY, January 3, 2017 - Current with the State of Florida
Wednesday, December 28, 2016: BIG NEWS
Sylios Corp to Spin-Off its Wholly Owned Subsidiary, The Greater Cannabis Company, LLC, to Shareholders
https://www.accesswire.com/451847/Sylios-Corp-to-Spin-Off-its-Wholly-Owned-Subsidiary-The-Greater-Cannabis-Company-LLC-to-Shareholders
On December 16, 2016, the Company's Board of Directors approved a corporate action to file a Notice of Conversion with the State of Florida for its subsidiary, The Greater Cannabis Company, LLC, which will convert the subsidiary from a limited liability company to a for profit corporation. The Subsidiary's name will change to The Greater Cannabis Company, Inc. ("GCC"). In the newly filed Articles of Incorporation for the Subsidiary, it will designate 500 million shares for Common stock and 10 million shares for Preferred stock.
Shareholders of Sylios Corp, as of the close of business on January 20, 2017 (the "Record Date"), will receive 1 share of GCC common stock for every 500 shares of Sylios Corp common stock owned. The transaction will be treated as a stock dividend. The Company currently anticipates an Ex-Dividend Date (Ex-Date) of February 10, 2017. Both dates are subject to change. The Company will release information the first week of January 2017 with definitive dates and further information.
After the spin-off, the Company will retain a 19.99% interest in GCC, with 80.01% of the common shares of GCC distributed to Sylios common shareholders. The total number of common shares of GCC post spin-off will be approximately 27.5 million. The Company will release additional instructions prior to the Record Date.
GCC will undergo a two-year audit during the month of January and then file its initial registration statement with the Securities and Exchange Commission to be a fully reporting company. The Company plans on listing GCC on the OTCMarkets OTCQB market place. The Company anticipates shares of GCC to begin trading as a standalone entity during the 1st Quarter of 2017. A new corporate website for GCC will go "live" prior to the Record Date.
Post-split, GCC intends on filing a Registration Rights offering for its existing shareholders. The offering will give each shareholder the right to purchase additional units in GCC for a defined period of time. Shareholders will have the right to purchase additional units of GCC at a fixed price of $.25/unit for a total equity raise of $500,000.00. In the event the Rights Offering is fully subscribed, GCC will have 29.5 million common shares outstanding with a market capitalization of $7.4 million. The Company plans to use the proceeds from the rights offering to provide equity capital to support the continuing execution of the Company's growth strategy plans, acquisitions and general business development.
December 22, 2016: Greater Cannabis Company Twitter Page found by poster: Secret Service
https://mobile.twitter.com/GreaterCannabis
December 16, 2016: OTC Markets Supplemental Information Posted
Current Report - GCC Notice of Conversion to Corporation
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=164282
Item 5.03. Amendments to Articles of Organization or Bylaws; Change in Fiscal Year. On December 14, 2016, Sylios Corp (the “Company”) filed a Current Report with OTC Markets stating that it would file an Amended and Restated Articles of Incorporation for its wholly owned subsidiary, The Greater Cannabis Company, LLC (the “Subsidiary”). The Board of Directors voted on December 16, 2016 to forgo this corporate action and has elected to file a Notice of Conversion for the Subsidiary.
The Company will file a Notice of Conversion for the Subsidiary, which will convert the Subsidiary from a limited liability company to a for profit corporation. The Subsidiary’s name will change to The Greater Cannabis Company, Inc. In the newly filed Articles of Incorporation for the Subsidiary, it will designate 500 million shares for common stock and 10 million shares for Preferred stock.
The corporate action of the Subsidiary is being implemented for the purpose of business expansion through acquisitions, joint ventures, licensing agreements and for a proposed going public transaction.
December 14, 2016: OTC Markets Supplemental Information Posted
Current Report - GCC Notice of Conversion to Corporation
http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=164117
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On December 13, 2016, the Board of Directors of the Company’s wholly owned subsidiary, The Greater Cannabis Company, LLC (the “Subsidiary”), voted and approved a corporate act to file an Amended and Restated Articles of Incorporation for the Subsidiary.
The Amended and Restated Articles of Incorporation of the Subsidiary will increase the Authorized common shares to 11 Billion. The corporate action of the Subsidiary is being implemented for the purpose of business expansion through acquisitions, joint ventures, licensing agreements and for a proposed going public transaction.
The increase in Authorized common shares of the Subsidiary will not affect the Authorized common shares of the Company.
December 13, 2016: News Article Mentions GREATER CANNABIS COMPANY
'Cannabis' Commercialization Taking Time; Individuals Can Plant 12 Pots Legally? Taxes On Discussion Table
http://www.newseveryday.com/articles/60282/20161213/cannabis-commercialization-taking-time-individuals-can-plant-12-pots-legally-taxes-on-discussion-table.htm
"In the meantime, The Greater "Cannabis" Company is looking at expanding the investment on medical/ recreational marijuana. The company is currently looking at private companies who may either invest or may go with joint ventures for the expansion."
Tuesday, December 13, 2016: Third Quarter Financials uploaded to the OTC Markets (AMENDED)
http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=164090
Monday, December 12, 2016: News Release
http://www.otcmarkets.com/stock/UNGS/news?id=146830
ST. PETERSBURG, FL / ACCESSWIRE / December 12, 2016 / Sylios Corp (OTC Pink: UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, site specific real estate development, holdings in equities, corporate debt and alternative investments is pleased to announce that the Company's wholly owned subsidiary, The Greater Cannabis Company, LLC, is actively seeking to expand its holdings in the medical/recreational marijuana sector.
On November 8, 2016, Florida voters passed Amendment 2 (formally known as the Florida Medical Marijuana Legislation Initiative). The amendment passed with a 71 percent approval. The amendment language allows for medical marijuana to be prescribed by doctors to patients of diseases such as HIV, glaucoma, post-traumatic stress disorder, ALS and Chron's disease.
The Company has elected to diversify its investment holdings concentrated around the medical/recreational marijuana sector. The Company is in active discussions with several private companies about either direct investments or joint ventures. Operational activities focus on alternative grow houses, cannabis business incubators and online portals to name a few. These opportunities were brought forward directly from the consulting efforts of the Company's outside consultant retained and announced in early 2016. The Company will update shareholders on the progress of the discussions as events develop.
Wayne Anderson, President of Sylios Corp, noted, "To help gain a better foothold in this new and exciting sector, we felt it was in the Company's best interest to branch out from our lone investment through our licensing agreement. We have had the opportunity to review numerous companies and investment opportunities and see very attractive potential in several. I expect 2017 to be an exciting year for the Company and shareholders as we look to maximize our investment potential through our cannabis subsidiary."
The Company's previously announced "GCC Superstore" will be placed out for bids for development and design.
Tuesday, December 6, 2016: News Release
http://www.otcmarkets.com/stock/UNGS/news/Sylios-Corp-is-Pleased-to-Announce-the-Company-is-Current-with-OTC-Markets?id=146607
ST. PETERSBURG, FL / ACCESSWIRE / December 6, 2016 / Sylios Corp (OTC Pink: UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, site specific real estate development, holdings in equities, corporate debt, and alternative investments, is pleased to announce that the Company has been upgraded to "Current" status with OTC Markets.
The Company posted its March, June and September 2016 Quarterly Reports and supplemental Issuer Information and Disclosure Statements last week with OTC Markets. The Company is in the process of filing the required documents with the State of Florida to bring it current as well as those for all subsidiaries.
The Company has elected to file a registration statement with the Securities and Exchange Commission during the 1st Quarter of 2017 to bring the Company back to fully reporting status. Management is currently interviewing two auditing firms for the two-year audit to accompany the registration statement.
In addition, the Company is actively working with counsel to address the DTC Chill status and will file its resolution with DTC in the coming weeks.
Monday, December 5, 2016: GREEN LIGHT
UNGS IS CURRENT
Friday, December 2, 2016 Attorney Letter is Posted
http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=163828
Wednesday, November 30, 2016: 3rd Quarter Financials were posted on OTC Markets
UNGS GOING CURRENT
http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=163633
http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=163621
http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=163633
Tuesday, November 22, 2016: UNGS Stop Sign changes to Yield on OTCmarkets.com
2nd Quarter Financials were posted: "Going Current"
http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=163621
http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=163620
11/21/2016: Pacific Stock Transfer Company Current Share Structure Update
Issued: 7,379,059,028 (Was previously 8.1 B+)
Authorized: 9B
Restricted: 130,781,131
The issued dropped quite a bit since recent, he must have been doing some buy backs.
November 17, 2016: UNGS HAS A PULSE!
"Going Current"
Nov 17, 2016 Supplemental Information - Issuer Information and Disclosure Statement June 30, 2016 Active
Nov 17, 2016 Quarterly Report - June 30, 2016 Quarterly Report Jun 30, 2016 Active
May 16, 2016: Quaterly Report Update
1st Quarter Financials were posted to http://www.sylios.com website
May 16, 2016 Quarterly Report - March 31, 2016 Quarterly Report Dec 31, 2015 Active
May 10, 2016: Agreement page provided by poster: ABE01
#96839
Here is the signed agreement
abe01 05/10/16 05:31:12 PM
February 9, 2016: News Release
https://www.accesswire.com/436655/Sylios-Corp-Retains-Consultant-to-Expand-Licensing-Agreement
ST. PETERSBURG, FL / ACCESSWIRE / February 9, 2016 / Sylios Corp (OTC Pink: UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, site specific real estate development and holdings in equities, corporate debt and alternative investments is pleased to announce that it has retained the services of a Consultant to further expand on the sub-licensing and use of dispensary products.
The Company has retained the services of a Consultant to assist in the sub-licensing of the dispensary products granted to the Company in the licensing agreement entered into with Artemis Technologies.
The Consultant will work through political avenues in an effort to broaden the scope of the use of the dispensary product and in an effort to license the use of the product in the States of Florida, Colorado and Washington.
March 30, 2016: End of Year Financials
http://www.sylios.com/wp-content/uploads/2016/05/DETAILED-2015-ANNUAL-REPORT-FINAL.pdf
On July 2, 2014, the Company formed Bud Bank, LLC ("BB") in the state of Florida. BB will act as the Company’s operating subsidiary dedicated solely to the Company's cannabis dispensing product.
On August 1, 2015, the Company and Artemis Dispensing Technologies ("Artemis") agreed to amend the terms of the licensing agreement entered into by both parties on July 31, 2014. Under the amended terms, the Company's compensation to Artemis has been reduced, the term of the agreement extended through 2018 and the per unit cost to the Company decreased. Further details of the amended terms will be provided upon execution of the definitive documents.
Issuer Purchases of Equity Securities
The Company reacquired 586,799,722 shares of its issued and outstanding common stock which were returned to the Company's transfer agent to be retired during the calendar year ended December 31, 2015.
On May 21, 2015, the Board of Directors of the Company voted, at the request of Management, and approved an increase and extension to the January 1, 2011 Stock Repurchase Plan. The Company was previously authorized to repurchase up to Two Hundred Fifty Thousand No/100 Dollars ($250,000) of its common stock in the open market or in privately negotiated transactions. The Company is now authorized to repurchase up to Five Hundred Thousand and NO/100 Dollars ($500,000) for a period of two years from the date of the May 21, 2015 resolution. The repurchase program will be funded by the Company's available cash and may be commenced or suspended at any time or from time to time. The plan will continue as long as periodic management reviews determine it to be fiscally feasible and may be discontinued at any time.
On February 22, 2016, the Company engaged Pacific Stock Transfer to act in the capacity as its Transfer Agent.
http://www.pacificstocktransfer.com
6725 Via Austi Pkwy, Suite 300 Las Vegas, NV 89119
Tel: (702) 361-3033 / (800) 785-PSTC
Fax: (702) 433-1979
info@pacificstocktransfer.com
March 15, 2016: News Release
Sylios Corp Opens Oilfield Equipment Purchasing Division
https://www.accesswire.com/437879/Sylios-Corp-Opens-Oilfield-Equipment-Purchasing-Division
Sylios Corp (OTC Pink: UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, site specific real estate development, holdings in equities, corporate debt and alternative investments is 1.) pleased to announce that it has opened a new division focusing on the purchase of new and used oilfield equipment.
NEW DIVISION ANNOUNCEMENT
The Company's new division will look to purchase new and used oilfield equipment from those Operators and Supply shops either going out of business or looking to move supply at distressed prices. The Company will focus on the states of Kentucky, Tennessee and West Virginia for the near term. Through an agreement with a financing entity, the Company will be allotted capital to purchase and store or purchase and flip the acquired equipment.
The Company will look to purchase in-ground and above-ground completion components including but not limited to: service rigs, work-over rigs, rods, tubing, pump-jacks, pumps, cups, polish rods, valves, fittings and tanks. The Company is currently out for bid on four lots of equipment after a successful bid last week. The Company will provide further information on its website for sellers of equipment.
Update on GCC and Licensing Agreement
The Company, through outside consultants, plans to reinitiate the development of the Greater Cannabis Company "GCC" Superstore during the second and third calendar quarters of 2016 as the pivotal state elections approach. The Company continues to work towards the monetization of its licensing agreement with Artemis and anticipates that activity will increase on a rapid pace with the rollout of the units.
Update on Marina Joint Venture
The Company recently met with the Miami-Dade County Department of Environmental Resources Management ("DERM") to review the submitted plans for its marina development joint venture in Aventura, FL. After discussions, the Company has elected to expand the number of slips from 42 to 77 for full development of the north and south shorelines. The Company anticipates final plans will be submitted to DERM within the next 30-60 days.
December 23, 2015: News Release
http://www.marketwatch.com/story/sylios-corp-further-expands-well-portfolio-in-tennessee-2015-12-23
ST. PETERSBURG, FL / ACCESSWIRE / December 23, 2015 / Sylios Corp (pinksheets:UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, site specific real estate development and investments in equities and corporate debt is pleased to announce that it reached an agreement to acquire royalty interests in crude producing wells located in Tennessee.
On December 18, 2015, the Company reached terms to acquire additional royalty interests in three producing wells located in Tennessee. The Company has also agreed to purchase a royalty interest in a newly drilled well located in Overton County, TN in the event the well is successful in delivering crude.
The first interest is a 5% royalty on the Newberry well located in Overton County, TN. The Newberry well is drilled to a depth of approximately 800' with production from the Ft. Payne formation. The second interest is a 5% royalty on the Nicholas well located in Pickett County, TN. The Nicholas well is drilled to a depth of approximately 1700' with production coming from the Knox and Stones River formations. The third interest is an additional 5% royalty in the Green well located in Fentress County, TN. The Company purchased its first interest in the Green well in September 2015.
On September 16, 2015, the Company entered into an Agreement to acquire interest in two oil wells. The royalty purchases were funded on the same date through a loan from an accredited investor. The Company has repaid the loan in full through royalty payments made to it from production. The Company intends to utilize this same investment structure in the purchase of the new royalty interests.
http://www.sylios.com/other-projects/
Coming soon!
Provides Update on Marina Permits
As an update on the Company's marina development joint venture, site plans have been submitted for review to the Miami Dade County Department of Environmental Resources Management ("DERM"). Initial field studies have been completed by DERM while the developers await comments prior to the submission of the final design. Once preliminary approval is received by DERM, the development team will submit the final permit applications to the Army Corp of Engineers, Department of Environmental Protection and the City of Aventura.
http://www.sylios.com/other-projects/
Coming soon!
http://www.sylios.com/other-projects/
Coming soon!
North Marina South Marina
http://www.sylios.com/other-projects/
Coming soon!
http://www.sylios.com/other-projects/
Coming soon!
October 29, 2015: Reverse Decision of the R/S
http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=146165
October 6, 2015: News Release
http://www.marketwatch.com/story/sylios-corp-acquires-additional-well-interests-in-two-producing-wells-2015-10-06
(ACCESSWIRE via COMTEX) -- ST. PETERSBURG, FL / ACCESSWIRE / October 6, 2015 / Sylios Corp (otc pink:UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, and investments in equities and corporate debt, is pleased to announce that it has closed on a transaction to acquire interests in two producing oil wells.
On September 16, 2015, the Company entered into an Agreement to purchase royalties in the Jerry Green 7-3-TW and James Pharis K-1 oil wells located in Fentress County, Tennessee and Cumberland County, Kentucky, respectively. Upon the terms of the Agreement, the Company will receive one hundred percent of the payments from production due to the Operator until a defined financial benefit is received, thereafter the Company shall maintain a fifteen percent (15%) and five percent (5%) royalty, respectively.
The Jerry Green 7-3-TW well drilled to a total depth of 1550' produces from the Murfreesboro formation. Current production is 2 BOD. The James Pharis K-1 well is drilled to a total depth of 675' with production from the Sunny Brook formation. The James Pharis well is being deepened to a new total depth of 1800' to test production capabilities from the third break of the Knox formation. Depending upon the completion results, the well will be placed into production immediately or stimulated via an acid frac job. Keller Drilling, LLC will act as the Operator of both wells.
Management's decision to expand the Company's oil operations came from the numerous investment opportunities that have been recently presented. The Company will continue to evaluate the acquisition of additional royalty and working interests in Kentucky and Tennessee. The Company is currently interviewing Operators in Kentucky to place its shut-in wells back into production. The Company has elected to forgo the sale of any of its wells in the state of Kentucky.
Wayne Anderson, President of Sylios Corp, noted, "With the dramatic decrease in oil pricing, many Operators have elected to shut-in wells or sell leaseholds with producing wells. The Company has been approached by several Operators over the last few months about acquiring production with attractive rates of return. We are pleased to be working with Keller Drilling and anticipate that the Company will be releasing more news in the near term on this relationship."
About Keller Drilling, LLC
Keller Drilling, LLC is a full service oil company which includes leasing, drilling, completing, servicing and selling oil to purchasers without any outside entity. They have leased acreage strategically near or on some of the largest producing wells in our area and developed relationships with landowners to expand their lease hold.
September 30, 2015: Quaterly Report Update
1st Quarter Financials were posted to http://www.sylios.com website
Oct 30, 2015 Quarterly Report - September 30, 2015 Quarterly Report Active
________________________________________________________________________________________________________
Sylios Corp
Latest News
View All News »
________________________________________________________________________________________________________
Sylios Corp
Company Background
Formed in March 2014, The Greater Cannabis Company, LLC (“GCC”) is the Company’s operating subsidiary for its recently launched operations in the medical and recreational marijuana market. The Company will look to represent a line of premier products through licensing agreements, development, acquisitions and joint ventures. The Company will launch an online superstore for marijuana related accessories under the name of GCC Superstore.
During 2014, GCC entered into a U.S. based licensing agreement with Artemis Dispensing Technologies for the development and resell of its automated dispensing product. Under the collaboration and license agreement, Artemis will be responsible for the continued development and completion of the automated dispensing product. Upon launch and sales of the product, Artemis will be responsible for the installation, training and customer support for the hardware and software. The Company will be responsible for direct sales, addition of key distributors and sub-licensing of specific territories within the U.S.
________________________________________________________________________________________________________
Sylios Corp
A New Start
Learn More
Sylios Corp, based in St. Petersburg, FL, is a holding corporation with operations engaged in the exploration and development of oil and natural gas properties, real estate development, equity investments and the development of products utilized for the medical and recreational marijuana industry.
Jimmy Wayne Anderson
President, Principal Financial Executive, Chairman
________________________________________________________________________________________________________
Sylios Corp
Subsidiaries
The Company maintains five wholly owned subsidiaries with operations focusing on the exploration and production of crude, alternative investments and the development and deployment of products for the medical and recreational marijuana industry.
The Greater Cannabis Company, LLC
The Greater Cannabis Company, Inc. (Coming Soon)
Bud Bank, LLC
E 2 Investments, LLC
US Natural Gas Corp Kentucky
US Natural Gas Corp West Virginia
E3 Petroleum Corp
SMLI Options, LLC
E 2 Investments, LLC
E 2 Investments, LLC is a wholly owned subsidiary which manages the Company’s alternative investments through a variety of avenues:
Buying and selling of domestic equities
Purchase of third party debt issued by publicly traded entities
Purchase of mineral rights
Direct Stock Purchase participation with other publicly traded entities
Consulting capacity
Direct funding to small and microcap companies through the issuance of debentures
________________________________________________________________________________________________________
Sylios Corp
Partnerships
Valvasone Investments
Sapphire Cay Marina
Registered Agent Name & Address VALVASONE INVESTMENTS, LLC
735 ARLINGTON AVE N
SUITE 308
ST. PETERSBURG, FL 33701
Authorized Person(s) Detail Name & Address
Title MGR
VALVASONE INVESTMENTS, LLC
735 ARLINGTON AVE N, SUITE 308
ST. PETERSBURG, FL 33701
Monday, January 23, 2017 - GCC Superstore, LLC Found
Florida Limited Liability Company
http://greatercannabiscompany.com/e-commerce/
"Through the Company’s wholly owned subsidiary, GCC Superstore, LLC, we are set to launch the most diverse online one-stop shopping experience for the cannabis industry. GCC Superstore is currently in the final stages of design, development and coding. The GCC Superstore will carry everything from E-Liquids, Vape Pens, Vape Mods, Clothing, Clips, Pipes, Bongs, Rolling papers and more."
GCC SUPERSTORE, LLC
Filing Information
Document Number L17000011010
Date Filed 01/13/2017
Effective Date01/09/2017
State FL
Status ACTIVE
Thursday, January 19, 2017: GCC "INC" is Posted as A Corporation
in Florida with Conversions Listed
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=GREATERCANNABIS%20P170000045370&aggregateId=domp-p17000004537-69a1f1d7-2049-4ebf-bb2d-ecbb1559d26b&searchTerm=Greater%20Cannabis%20Company&listNameOrder=GREATERCANNABIS%20L140000462060
Detail by Entity Name
Florida Profit Corporation
THE GREATER CANNABIS COMPANY, INC.
Filing Information
Document Number
P17000004537
Date Filed
01/13/2017
Effective Date
03/20/2014
State
FL
Status
ACTIVE
Last Event
CONVERSION
Event Date Filed
01/13/2017
Wednesday, January 18, 2017: News Article Mentions
Sylios Corp and The Greater Cannabis Company
http://m.benzinga.com/article/8913427?utm_referrer=https%3A%2F%2Fwww.google.com%2F
Deal Flow: "“What was good news is that there were numerous announcements related to M&A deals that are currently in negotiation,” the expert continued. On the one hand, Sylios Corp (OTC: UNGS) announced the record date for the spinoff of its wholly owned subsidiary, the Greater Cannabis Company, LLC."
Thursday, January 12, 2017: GCC, LLC REINSTATEMENT
Florida Department of State Division of Corporations
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=GREATERCANNABIS%20L140000462060&aggregateId=flal-l14000046206-e94b676c-f6a9-452b-b74a-731886f27d5d&searchTerm=greater%20cannabis%20company&listNameOrder=GREATERCANNABIS%20L140000462060
THE GREATER CANNABIS COMPANY, LLC
2017 FLORIDA LIMITED LIABILITY COMPANY REINSTATEMENT
Filing Information
Document Number L14000046206 FEI/EIN Number 30-0842570 Date Filed 03/20/2014
Effective Date 03/13/2014 State FL
Status ACTIVE
Last Event REINSTATEMENT
Event Date Filed 01/12/2017
Friday, January 6, 2017 - Sylios Website Updated with Divy Questions and Answers
http://www.sylios.com/stockdividend/
Stock Dividend
On December 28, 2016, Sylios Corp announced that its wholly owned subsidiary, The Greater Cannabis Company, Inc. (“GCC”) (f/k/a The Greater Cannabis Company, LLC), would be spun off to shareholders of its common stock. To help guide you through this process and answer questions that you may have, please review the following information.
Important Dates:
Record Date-February 3, 2017
Ex-Dividend Date- February 1, 2017
Payment Date- February 13, 2017
Who gets shares of GCC?
Holders of Sylios Corp common stock, (OTC Pink: UNGS), as of the close of business January 31, 2017.
If I buy shares of Sylios Corp on February 1, 2017 or after will I receive shares of GCC?
No.
How many shares will I receive?
You will receive 1 share of common stock of GCC for every 500 shares of common stock you own of UNGS.
What happens if I do not own 500 shares exactly?
In lieu of issuing fractional shares in connection with the stock dividend, the company will round fractional shares up to the next whole share.
Do I need to contact my broker about the stock dividend?
No. On the Payment Date, GCC’s transfer agent will send out the newly issued shares of GCC common stock to those Broker-Dealers and individuals holding certificates (“certificated shares”). Pacific Stock Transfer will act as GCC’s transfer agent.
Once I receive my shares, can I sell them immediately?
No. GCC is filing an initial Registration Statement (“S-1”) with the Securities and Exchange Commission (“SEC”) to register the shares being issued as per the stock dividend. Once the S-1 is deemed effective by the SEC, shareholders of GCC may sell those shares which were registered.
Is there any cost to me to register my shares of GCC?
No.
Is there a stock symbol for GCC?
During the registration process, the Company will file an application with the Financial Industry Regulatory Authority ("FINRA") for its trading symbol as well as an application with Cusip for its cusip number. Once both are received, the Company will update shareholders.
If I have any questions, who may I contact?
Please contact the Company at dividend@sylios.com.
Friday, January 6, 2017 - Sylios Corp Announces Record Date for
Spin-Off of The Greater Cannabis Company, LLC
http://www.sylios.com/wp-content/uploads/2017/01/1-6-2017-Sylios-Announces-Record-date-for-Spin-Off.pdf
ST. PETERSBURG, FL / ACCESSWIRE / January 6, 2017 / Sylios Corp (OTC PINK: UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, site specific real estate development, holdings in equities, corporate debt and alternative investments is pleased to update shareholders of important dates pertaining to the spin-off of the Company's wholly owned subsidiary, The Greater Cannabis Company, LLC.
On December 28, 2016, Sylios Corp announced that it would spin-off 80.01% of its wholly owned subsidiary, The Greater Cannabis Company, LLC through a pro rata stock distribution to holders of its common stock. Prior to the spin-off, the Company will file a Notice of Conversion with the State of Florida to effectively converting the subsidiary from a limited liability company to a Florida for profit corporation and change the Company's name to The Greater Cannabis Company, Inc. (the new "GCC"). In the newly filed Articles of Incorporation for the Subsidiary, it will designate 500 million shares for Common stock and 10 million shares for Preferred stock.
The Record date for the stock dividend is set at February 3, 2017 with the Ex-Dividend date at February 1, 2017. The stock dividend will be payable February 13, 2017 to shareholders. In order for shareholders to receive the stock dividend, they must own shares of Sylios Corp prior to the Ex-Dividend date. Sylios Corp's common stock will begin trading ex-dividend at the open on February 1, 2017.
Shareholders of Sylios Corp entitled to receive the dividend will receive 1 share of GCC common stock for every 500 shares of Sylios Corp common stock owned. In lieu of issuing fractional shares in connection with the stock dividend, the company will round fractional shares up to the next whole share.
The Company's transfer agent, Pacific Stock Transfer, will distribute shares of GCC on the payment date to certificated shareholders. Shareholders are not required to submit any information to the Company's transfer agent to receive the newly issued GCC shares of common stock. Pacific Stock Transfer will also act as the transfer agent for GCC.
Shareholders should direct any questions pertaining to the stock dividend to dividend@sylios.com. The Company has established an information page, http://www.sylios.com/stockdividend, with details on the transaction.
TUESDAY, January 3, 2017 - Current with the State of Florida
Wednesday, December 28, 2016: BIG NEWS
Sylios Corp to Spin-Off its Wholly Owned Subsidiary, The Greater Cannabis Company, LLC, to Shareholders
https://www.accesswire.com/451847/Sylios-Corp-to-Spin-Off-its-Wholly-Owned-Subsidiary-The-Greater-Cannabis-Company-LLC-to-Shareholders
On December 16, 2016, the Company's Board of Directors approved a corporate action to file a Notice of Conversion with the State of Florida for its subsidiary, The Greater Cannabis Company, LLC, which will convert the subsidiary from a limited liability company to a for profit corporation. The Subsidiary's name will change to The Greater Cannabis Company, Inc. ("GCC"). In the newly filed Articles of Incorporation for the Subsidiary, it will designate 500 million shares for Common stock and 10 million shares for Preferred stock.
Shareholders of Sylios Corp, as of the close of business on January 20, 2017 (the "Record Date"), will receive 1 share of GCC common stock for every 500 shares of Sylios Corp common stock owned. The transaction will be treated as a stock dividend. The Company currently anticipates an Ex-Dividend Date (Ex-Date) of February 10, 2017. Both dates are subject to change. The Company will release information the first week of January 2017 with definitive dates and further information.
After the spin-off, the Company will retain a 19.99% interest in GCC, with 80.01% of the common shares of GCC distributed to Sylios common shareholders. The total number of common shares of GCC post spin-off will be approximately 27.5 million. The Company will release additional instructions prior to the Record Date.
GCC will undergo a two-year audit during the month of January and then file its initial registration statement with the Securities and Exchange Commission to be a fully reporting company. The Company plans on listing GCC on the OTCMarkets OTCQB market place. The Company anticipates shares of GCC to begin trading as a standalone entity during the 1st Quarter of 2017. A new corporate website for GCC will go "live" prior to the Record Date.
Post-split, GCC intends on filing a Registration Rights offering for its existing shareholders. The offering will give each shareholder the right to purchase additional units in GCC for a defined period of time. Shareholders will have the right to purchase additional units of GCC at a fixed price of $.25/unit for a total equity raise of $500,000.00. In the event the Rights Offering is fully subscribed, GCC will have 29.5 million common shares outstanding with a market capitalization of $7.4 million. The Company plans to use the proceeds from the rights offering to provide equity capital to support the continuing execution of the Company's growth strategy plans, acquisitions and general business development.
December 22, 2016: Greater Cannabis Company Twitter Page found by poster: Secret Service
https://mobile.twitter.com/GreaterCannabis
December 16, 2016: OTC Markets Supplemental Information Posted
Current Report - GCC Notice of Conversion to Corporation
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=164282
Item 5.03. Amendments to Articles of Organization or Bylaws; Change in Fiscal Year. On December 14, 2016, Sylios Corp (the “Company”) filed a Current Report with OTC Markets stating that it would file an Amended and Restated Articles of Incorporation for its wholly owned subsidiary, The Greater Cannabis Company, LLC (the “Subsidiary”). The Board of Directors voted on December 16, 2016 to forgo this corporate action and has elected to file a Notice of Conversion for the Subsidiary.
The Company will file a Notice of Conversion for the Subsidiary, which will convert the Subsidiary from a limited liability company to a for profit corporation. The Subsidiary’s name will change to The Greater Cannabis Company, Inc. In the newly filed Articles of Incorporation for the Subsidiary, it will designate 500 million shares for common stock and 10 million shares for Preferred stock.
The corporate action of the Subsidiary is being implemented for the purpose of business expansion through acquisitions, joint ventures, licensing agreements and for a proposed going public transaction.
December 14, 2016: OTC Markets Supplemental Information Posted
Current Report - GCC Notice of Conversion to Corporation
http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=164117
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On December 13, 2016, the Board of Directors of the Company’s wholly owned subsidiary, The Greater Cannabis Company, LLC (the “Subsidiary”), voted and approved a corporate act to file an Amended and Restated Articles of Incorporation for the Subsidiary.
The Amended and Restated Articles of Incorporation of the Subsidiary will increase the Authorized common shares to 11 Billion. The corporate action of the Subsidiary is being implemented for the purpose of business expansion through acquisitions, joint ventures, licensing agreements and for a proposed going public transaction.
The increase in Authorized common shares of the Subsidiary will not affect the Authorized common shares of the Company.
December 13, 2016: News Article Mentions GREATER CANNABIS COMPANY
'Cannabis' Commercialization Taking Time; Individuals Can Plant 12 Pots Legally? Taxes On Discussion Table
http://www.newseveryday.com/articles/60282/20161213/cannabis-commercialization-taking-time-individuals-can-plant-12-pots-legally-taxes-on-discussion-table.htm
"In the meantime, The Greater "Cannabis" Company is looking at expanding the investment on medical/ recreational marijuana. The company is currently looking at private companies who may either invest or may go with joint ventures for the expansion."
Tuesday, December 13, 2016: Third Quarter Financials uploaded to the OTC Markets (AMENDED)
http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=164090
Monday, December 12, 2016: News Release
http://www.otcmarkets.com/stock/UNGS/news?id=146830
ST. PETERSBURG, FL / ACCESSWIRE / December 12, 2016 / Sylios Corp (OTC Pink: UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, site specific real estate development, holdings in equities, corporate debt and alternative investments is pleased to announce that the Company's wholly owned subsidiary, The Greater Cannabis Company, LLC, is actively seeking to expand its holdings in the medical/recreational marijuana sector.
On November 8, 2016, Florida voters passed Amendment 2 (formally known as the Florida Medical Marijuana Legislation Initiative). The amendment passed with a 71 percent approval. The amendment language allows for medical marijuana to be prescribed by doctors to patients of diseases such as HIV, glaucoma, post-traumatic stress disorder, ALS and Chron's disease.
The Company has elected to diversify its investment holdings concentrated around the medical/recreational marijuana sector. The Company is in active discussions with several private companies about either direct investments or joint ventures. Operational activities focus on alternative grow houses, cannabis business incubators and online portals to name a few. These opportunities were brought forward directly from the consulting efforts of the Company's outside consultant retained and announced in early 2016. The Company will update shareholders on the progress of the discussions as events develop.
Wayne Anderson, President of Sylios Corp, noted, "To help gain a better foothold in this new and exciting sector, we felt it was in the Company's best interest to branch out from our lone investment through our licensing agreement. We have had the opportunity to review numerous companies and investment opportunities and see very attractive potential in several. I expect 2017 to be an exciting year for the Company and shareholders as we look to maximize our investment potential through our cannabis subsidiary."
The Company's previously announced "GCC Superstore" will be placed out for bids for development and design.
Tuesday, December 6, 2016: News Release
http://www.otcmarkets.com/stock/UNGS/news/Sylios-Corp-is-Pleased-to-Announce-the-Company-is-Current-with-OTC-Markets?id=146607
ST. PETERSBURG, FL / ACCESSWIRE / December 6, 2016 / Sylios Corp (OTC Pink: UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, site specific real estate development, holdings in equities, corporate debt, and alternative investments, is pleased to announce that the Company has been upgraded to "Current" status with OTC Markets.
The Company posted its March, June and September 2016 Quarterly Reports and supplemental Issuer Information and Disclosure Statements last week with OTC Markets. The Company is in the process of filing the required documents with the State of Florida to bring it current as well as those for all subsidiaries.
The Company has elected to file a registration statement with the Securities and Exchange Commission during the 1st Quarter of 2017 to bring the Company back to fully reporting status. Management is currently interviewing two auditing firms for the two-year audit to accompany the registration statement.
In addition, the Company is actively working with counsel to address the DTC Chill status and will file its resolution with DTC in the coming weeks.
Monday, December 5, 2016: GREEN LIGHT
UNGS IS CURRENT
Friday, December 2, 2016 Attorney Letter is Posted
http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=163828
Wednesday, November 30, 2016: 3rd Quarter Financials were posted on OTC Markets
UNGS GOING CURRENT
http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=163633
http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=163621
http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=163633
Tuesday, November 22, 2016: UNGS Stop Sign changes to Yield on OTCmarkets.com
2nd Quarter Financials were posted: "Going Current"
http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=163621
http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=163620
11/21/2016: Pacific Stock Transfer Company Current Share Structure Update
Issued: 7,379,059,028 (Was previously 8.1 B+)
Authorized: 9B
Restricted: 130,781,131
The issued dropped quite a bit since recent, he must have been doing some buy backs.
November 17, 2016: UNGS HAS A PULSE!
"Going Current"
Nov 17, 2016 Supplemental Information - Issuer Information and Disclosure Statement June 30, 2016 Active
Nov 17, 2016 Quarterly Report - June 30, 2016 Quarterly Report Jun 30, 2016 Active
May 16, 2016: Quaterly Report Update
1st Quarter Financials were posted to http://www.sylios.com website
May 16, 2016 Quarterly Report - March 31, 2016 Quarterly Report Dec 31, 2015 Active
May 10, 2016: Agreement page provided by poster: ABE01
#96839
Here is the signed agreement
abe01 05/10/16 05:31:12 PM
February 9, 2016: News Release
https://www.accesswire.com/436655/Sylios-Corp-Retains-Consultant-to-Expand-Licensing-Agreement
ST. PETERSBURG, FL / ACCESSWIRE / February 9, 2016 / Sylios Corp (OTC Pink: UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, site specific real estate development and holdings in equities, corporate debt and alternative investments is pleased to announce that it has retained the services of a Consultant to further expand on the sub-licensing and use of dispensary products.
The Company has retained the services of a Consultant to assist in the sub-licensing of the dispensary products granted to the Company in the licensing agreement entered into with Artemis Technologies.
The Consultant will work through political avenues in an effort to broaden the scope of the use of the dispensary product and in an effort to license the use of the product in the States of Florida, Colorado and Washington.
March 30, 2016: End of Year Financials
http://www.sylios.com/wp-content/uploads/2016/05/DETAILED-2015-ANNUAL-REPORT-FINAL.pdf
On July 2, 2014, the Company formed Bud Bank, LLC ("BB") in the state of Florida. BB will act as the Company’s operating subsidiary dedicated solely to the Company's cannabis dispensing product.
On August 1, 2015, the Company and Artemis Dispensing Technologies ("Artemis") agreed to amend the terms of the licensing agreement entered into by both parties on July 31, 2014. Under the amended terms, the Company's compensation to Artemis has been reduced, the term of the agreement extended through 2018 and the per unit cost to the Company decreased. Further details of the amended terms will be provided upon execution of the definitive documents.
Issuer Purchases of Equity Securities
The Company reacquired 586,799,722 shares of its issued and outstanding common stock which were returned to the Company's transfer agent to be retired during the calendar year ended December 31, 2015.
On May 21, 2015, the Board of Directors of the Company voted, at the request of Management, and approved an increase and extension to the January 1, 2011 Stock Repurchase Plan. The Company was previously authorized to repurchase up to Two Hundred Fifty Thousand No/100 Dollars ($250,000) of its common stock in the open market or in privately negotiated transactions. The Company is now authorized to repurchase up to Five Hundred Thousand and NO/100 Dollars ($500,000) for a period of two years from the date of the May 21, 2015 resolution. The repurchase program will be funded by the Company's available cash and may be commenced or suspended at any time or from time to time. The plan will continue as long as periodic management reviews determine it to be fiscally feasible and may be discontinued at any time.
On February 22, 2016, the Company engaged Pacific Stock Transfer to act in the capacity as its Transfer Agent.
http://www.pacificstocktransfer.com
6725 Via Austi Pkwy, Suite 300 Las Vegas, NV 89119
Tel: (702) 361-3033 / (800) 785-PSTC
Fax: (702) 433-1979
info@pacificstocktransfer.com
March 15, 2016: News Release
Sylios Corp Opens Oilfield Equipment Purchasing Division
https://www.accesswire.com/437879/Sylios-Corp-Opens-Oilfield-Equipment-Purchasing-Division
Sylios Corp (OTC Pink: UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, site specific real estate development, holdings in equities, corporate debt and alternative investments is 1.) pleased to announce that it has opened a new division focusing on the purchase of new and used oilfield equipment.
NEW DIVISION ANNOUNCEMENT
The Company's new division will look to purchase new and used oilfield equipment from those Operators and Supply shops either going out of business or looking to move supply at distressed prices. The Company will focus on the states of Kentucky, Tennessee and West Virginia for the near term. Through an agreement with a financing entity, the Company will be allotted capital to purchase and store or purchase and flip the acquired equipment.
The Company will look to purchase in-ground and above-ground completion components including but not limited to: service rigs, work-over rigs, rods, tubing, pump-jacks, pumps, cups, polish rods, valves, fittings and tanks. The Company is currently out for bid on four lots of equipment after a successful bid last week. The Company will provide further information on its website for sellers of equipment.
Update on GCC and Licensing Agreement
The Company, through outside consultants, plans to reinitiate the development of the Greater Cannabis Company "GCC" Superstore during the second and third calendar quarters of 2016 as the pivotal state elections approach. The Company continues to work towards the monetization of its licensing agreement with Artemis and anticipates that activity will increase on a rapid pace with the rollout of the units.
Update on Marina Joint Venture
The Company recently met with the Miami-Dade County Department of Environmental Resources Management ("DERM") to review the submitted plans for its marina development joint venture in Aventura, FL. After discussions, the Company has elected to expand the number of slips from 42 to 77 for full development of the north and south shorelines. The Company anticipates final plans will be submitted to DERM within the next 30-60 days.
December 23, 2015: News Release
http://www.marketwatch.com/story/sylios-corp-further-expands-well-portfolio-in-tennessee-2015-12-23
ST. PETERSBURG, FL / ACCESSWIRE / December 23, 2015 / Sylios Corp (pinksheets:UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, site specific real estate development and investments in equities and corporate debt is pleased to announce that it reached an agreement to acquire royalty interests in crude producing wells located in Tennessee.
On December 18, 2015, the Company reached terms to acquire additional royalty interests in three producing wells located in Tennessee. The Company has also agreed to purchase a royalty interest in a newly drilled well located in Overton County, TN in the event the well is successful in delivering crude.
The first interest is a 5% royalty on the Newberry well located in Overton County, TN. The Newberry well is drilled to a depth of approximately 800' with production from the Ft. Payne formation. The second interest is a 5% royalty on the Nicholas well located in Pickett County, TN. The Nicholas well is drilled to a depth of approximately 1700' with production coming from the Knox and Stones River formations. The third interest is an additional 5% royalty in the Green well located in Fentress County, TN. The Company purchased its first interest in the Green well in September 2015.
On September 16, 2015, the Company entered into an Agreement to acquire interest in two oil wells. The royalty purchases were funded on the same date through a loan from an accredited investor. The Company has repaid the loan in full through royalty payments made to it from production. The Company intends to utilize this same investment structure in the purchase of the new royalty interests.
http://www.sylios.com/other-projects/
Coming soon!
Provides Update on Marina Permits
As an update on the Company's marina development joint venture, site plans have been submitted for review to the Miami Dade County Department of Environmental Resources Management ("DERM"). Initial field studies have been completed by DERM while the developers await comments prior to the submission of the final design. Once preliminary approval is received by DERM, the development team will submit the final permit applications to the Army Corp of Engineers, Department of Environmental Protection and the City of Aventura.
http://www.sylios.com/other-projects/
Coming soon!
http://www.sylios.com/other-projects/
Coming soon!
North Marina South Marina
http://www.sylios.com/other-projects/
Coming soon!
http://www.sylios.com/other-projects/
Coming soon!
October 29, 2015: Reverse Decision of the R/S
http://www.otcmarkets.com/financialReportViewer?symbol=UNGS&id=146165
October 6, 2015: News Release
http://www.marketwatch.com/story/sylios-corp-acquires-additional-well-interests-in-two-producing-wells-2015-10-06
(ACCESSWIRE via COMTEX) -- ST. PETERSBURG, FL / ACCESSWIRE / October 6, 2015 / Sylios Corp (otc pink:UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, and investments in equities and corporate debt, is pleased to announce that it has closed on a transaction to acquire interests in two producing oil wells.
On September 16, 2015, the Company entered into an Agreement to purchase royalties in the Jerry Green 7-3-TW and James Pharis K-1 oil wells located in Fentress County, Tennessee and Cumberland County, Kentucky, respectively. Upon the terms of the Agreement, the Company will receive one hundred percent of the payments from production due to the Operator until a defined financial benefit is received, thereafter the Company shall maintain a fifteen percent (15%) and five percent (5%) royalty, respectively.
The Jerry Green 7-3-TW well drilled to a total depth of 1550' produces from the Murfreesboro formation. Current production is 2 BOD. The James Pharis K-1 well is drilled to a total depth of 675' with production from the Sunny Brook formation. The James Pharis well is being deepened to a new total depth of 1800' to test production capabilities from the third break of the Knox formation. Depending upon the completion results, the well will be placed into production immediately or stimulated via an acid frac job. Keller Drilling, LLC will act as the Operator of both wells.
Management's decision to expand the Company's oil operations came from the numerous investment opportunities that have been recently presented. The Company will continue to evaluate the acquisition of additional royalty and working interests in Kentucky and Tennessee. The Company is currently interviewing Operators in Kentucky to place its shut-in wells back into production. The Company has elected to forgo the sale of any of its wells in the state of Kentucky.
Wayne Anderson, President of Sylios Corp, noted, "With the dramatic decrease in oil pricing, many Operators have elected to shut-in wells or sell leaseholds with producing wells. The Company has been approached by several Operators over the last few months about acquiring production with attractive rates of return. We are pleased to be working with Keller Drilling and anticipate that the Company will be releasing more news in the near term on this relationship."
About Keller Drilling, LLC
Keller Drilling, LLC is a full service oil company which includes leasing, drilling, completing, servicing and selling oil to purchasers without any outside entity. They have leased acreage strategically near or on some of the largest producing wells in our area and developed relationships with landowners to expand their lease hold.
September 30, 2015: Quaterly Report Update
1st Quarter Financials were posted to http://www.sylios.com website
Oct 30, 2015 Quarterly Report - September 30, 2015 Quarterly Report Active
________________________________________________________________________________________________________
Sylios Corp
Latest News
View All News »
________________________________________________________________________________________________________
Sylios Corp
Company Background
Formed in March 2014, The Greater Cannabis Company, LLC (“GCC”) is the Company’s operating subsidiary for its recently launched operations in the medical and recreational marijuana market. The Company will look to represent a line of premier products through licensing agreements, development, acquisitions and joint ventures. The Company will launch an online superstore for marijuana related accessories under the name of GCC Superstore.
During 2014, GCC entered into a U.S. based licensing agreement with Artemis Dispensing Technologies for the development and resell of its automated dispensing product. Under the collaboration and license agreement, Artemis will be responsible for the continued development and completion of the automated dispensing product. Upon launch and sales of the product, Artemis will be responsible for the installation, training and customer support for the hardware and software. The Company will be responsible for direct sales, addition of key distributors and sub-licensing of specific territories within the U.S.
________________________________________________________________________________________________________
Sylios Corp
A New Start
Learn More
Sylios Corp, based in St. Petersburg, FL, is a holding corporation with operations engaged in the exploration and development of oil and natural gas properties, real estate development, equity investments and the development of products utilized for the medical and recreational marijuana industry.
Jimmy Wayne Anderson
President, Principal Financial Executive, Chairman
________________________________________________________________________________________________________
Sylios Corp
Subsidiaries
The Company maintains five wholly owned subsidiaries with operations focusing on the exploration and production of crude, alternative investments and the development and deployment of products for the medical and recreational marijuana industry.
The Greater Cannabis Company, LLC
The Greater Cannabis Company, Inc. (Coming Soon)
Bud Bank, LLC
E 2 Investments, LLC
US Natural Gas Corp Kentucky
US Natural Gas Corp West Virginia
E3 Petroleum Corp
SMLI Options, LLC
E 2 Investments, LLC
E 2 Investments, LLC is a wholly owned subsidiary which manages the Company’s alternative investments through a variety of avenues:
Buying and selling of domestic equities
Purchase of third party debt issued by publicly traded entities
Purchase of mineral rights
Direct Stock Purchase participation with other publicly traded entities
Consulting capacity
Direct funding to small and microcap companies through the issuance of debentures
________________________________________________________________________________________________________
Sylios Corp
Partnerships
Valvasone Investments
Sapphire Cay Marina
Registered Agent Name & Address VALVASONE INVESTMENTS, LLC
735 ARLINGTON AVE N
SUITE 308
ST. PETERSBURG, FL 33701
Authorized Person(s) Detail Name & Address
Title MGR
VALVASONE INVESTMENTS, LLC
735 ARLINGTON AVE N, SUITE 308
ST. PETERSBURG, FL 33701
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