NEW YORK NY--(Marketwired - Mar 13, 2015) - Worldwide Diversified Holdings, Inc. (OTC PINK: WNTR) announced today that its dividend company GCHI Green Company Holdings, Inc. (www.thegreenfund.us) has entered into an agreement with Smart Ventures, Inc. and its wholly owned subsidiary Cannabis Funding Group, LP.
The transaction provides for the issuance 40,000,000 common shares of Smart Ventures, Inc. and a convertible promissory note in the amount of $250,000 and $1,000,000 in Cannabis Funding Group, Inc. Limited Partnership Interests to The Green Fund in exchange for the issuance of 1,450,000 common shares @ $1.00 per share for a 9.9% of The Green Fund. The Green Fund will own 10% of The Cannabis Funding Group which is currently raising $10,000,000 for investments in the Cannabis Industry. The transaction is scheduled to close by March 31, 2015.
The companies will work together to raise additional funding for its projects and look to increase shareholder value for both companies. Les Barber, President of The Green Fund, stated: "We are pleased with this transaction and now have a partner to continue to develop opportunities as we grow the company. We look forward to working with Smart Ventures to grow the assets and operations to benefit shareholders over the next few years."
About The Green Fund
The Green Fund (www.thegreenfund.us) is a comprehensive group of qualified Small Cap Public Companies in the Emerging Hemp and Medical Marijuana Sectors that strives to bring up to date Actionable Investment Intelligence on the pulse of these rapidly growing industries.
About Worldwide Diversified Holdings, Inc.
Worldwide Diversified Holdings, Inc. (OTC PINK: WNTR) (www.wdhinc.com). The company is a diversified holding company with business operations and investments.
