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Monday, January 21, 2019 8:42:22 PM
Atlanta, GA , March 21, 2018 (GLOBE NEWSWIRE) -- Us Highland Inc. (OTCMKTS: UHLN) ("The Company"), is excited to announce that is to receive up to a $3.5 million direct investment from Carden Capital, LLC (Through its affiliate Pikeminnow Funding, LLC).
According to agreement, CCAP will purchase common stock of up to three million five hundred thousand dollars ($3,500,000) once a registration statement is filed.
https://globenewswire.com/news-release/2018/03/21/1443404/0/en/Uhln-Announces-3-5-Million-Equity-Investment-From-Privte-Fund.html
I see the purchase of true foods which occurred in the same month but no record of the $3.5 million in question.
On March 8, 2018, the Company entered into a share exchange agreement with TruFood Provisions Co (TruFood). Per the agreement, the Company will exchange 65% of the issued and outstanding stocks of US Highland, and cash, for 100% of the equity of TruFood. It is expected that all other debt related to the operation of TruFood will be retired at or prior to the closing date. As of March 31, 2018, the Company had deposited $115,000 related to this acquisition.
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