FutureLand Corp (FUTL)

[surfkast]

They are over six months late with their last 10 K filing.
Nothing else is verifiable.

Even their other SEC filings contain gross misstatements!


On Jan 20, 2015 FLP entered a contract with GPS, La Vita, Inc. allotting 5 acres for their immediate grow facilities. All of these contracts, and land ownings are currently in FLP.

Name GPS La Vita, Inc, Delinquent June 1, 2016
Status Delinquent Formation date 01/17/2015

https://www.sos.state.co.us/biz/BusinessEntityDetail.do?quitButtonDestination=BusinessEntityResults&nameTyp=ENT&masterFileId=20151033950&entityId2=20151033950&fileId=&srchTyp=ENTITY


No proof of this either.

FutureLand's Land and Operations in Grants Pass, Oregon

FutureLand Oregon, LLC closed on 50% ownership on 78 acres in Grants Pass, Oregon on July 7, 2016 for $125,000. Recent changes in the laws allowing outside residents to own cannabis licenses from cultivation, labs, extracts and dispensing signaled an immediate and necessary response for FL to engage. This is primary to our business model. We look to own and control the cannabis product by growing it first for the recreational market and expanding to the medical one. Currently our partners in the project are HSPendleton, LLC and Johnny Miller (Groovy Groves). The project has several phases it needs to go through. Phase 1 is clearing the land and making space to set up the grow (This is currently being completed.) Phase 2 will involve making application for the recreational license and getting the build out done for growing including greenhouse, cameras, fencing, well and power. Phase 3 will be putting the plants in the ground and growing our first harvest expected to be quarterly but we may opt for a rotation that allows harvests year-round every week. Phase 4 will be expansion as we envision starting out with only a couple thousand square feet of greenhouse growing space. We will be applying for a Tier II commercial outdoor license which allows for 40,000 square feet of flowering plants at any one time. It is canopy based and does not matter how many plants we choose to grow nor does it matter how many plants we keep in a vegetative state which is crucial to maximize future yields. We do intend to make use of greenhouses upon the property during colder months but we will not be using supplemental lighting on the flowering section. We will use supplemental lighting on the vegging areas to keep them from flowering until they are moved to the 40,000 square foot canopy. It is also possible that we may ask for a variance for even more space to grow as some other Oregon licensees have received approval for more space. FutureLand continues to spend development dollars to outfit the site.

FutureLand Oregon, LLC also purchased 50% ownership on another 265 acre site in Wolfs Creek, Oregon with a purchase price of $250,000 to HSPendleton, LLC. This property already has a Tier II recreational license to grow cannabis and is owned by Groovy Groves, LLC. FutureLand Oregon, LLC is contracted to purchase 50% of the Oregon Recreational Grow license from John Miller of Groovy Groves, LLC and is currently in the transfer of ownership cycle with the state of Oregon. Upon transfer FutureLand Corp will complete the sale with $100,000 of FutureLand stock at an exercise price of .01 per share to John C Miller. Groovy Groves, LLC .