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Monday, July 01, 2019 9:43:23 AM
On January 10, 2019, the Company and Trans Global Group, Inc. “TGGI”, entered into a rescission agreement whereby the Company would receive all of its shares of common stock back and TGGI would receive ownership of the device, $120,000 in cash (paid in 12 installments beginning on March 1, 2019) and logistic support in distributing the device. In March, the parties agreed to defer all payments until 60 days after the CO is issued for the building.
On January 24, 2019, the Company announced it would be supplying $50,000 worth of product weekly to a delivery company in the Lake Tahoe area. The Company has not begun supply product for this order and cannot until the CO has been issued for the building.
On February 5, 2019, the Company and Nightfood Holdings Inc., entered into a Letter of Intent to manufacture and distribute an edible line of THC and CBD products under the brand name Half-Baked. Once the CO is issued for the building, the Company can finalize the agreement with Nightfood and begin manufacturing and distributing Half-Baked products.
On March 4, 2019, the Company announced 6 lucky winners will be flown out to California for 2 nights and tour the cannabis mall. The drawing is still taking place after the manufacturing, distribution and delivery suites are completed. More information will begin to be posted on the final terms and conditions along with who is eligible to participate in the drawing once the CO has been issued.
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