FutureLand Corp (FUTL)

[BlueAlien]

FutureLand Corp. (FUTL) announced today that on October 02, 2017, its board of directors held a special meeting in St. Petersburg, FL. In the meeting it was announced by the Chief Executive Officer, Cameron Cox that the majority of debt held by two funders has been converted to equity and that the company, in all material respects, will be debt free shortly. Due to recent acquisitions, and the proceeds that will be coming from the Company’s first crop in Oregon, we foresee little need for external funding to meet basic operational support in the future. Any additional funding will be used solely to expand our grow facilities and make acquisitions that are complimentary with our growth revenue models.

 

The Company’s future plans are to become completely debt free.