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Monday, November 04, 2019 10:56:21 PM
On October 21, 2019, Cannabinoid Biosciences, Inc., a California corporation acquired control of Kid Castle Educational Corporation (OTCPINK: KDCE). We acquired control of KDCE because we anticipate that it would help our journey to NASDAQ through up-listing. Steps to get KDCE into Nasdaq includes:
(1) We intend to bring KDCE current with SEC, OTC and FINRA, run it simultaneously alongside CBDZ, and then up-list KDCE to the NASDAQ. We’ll then run both simultaneously, direct-list CBDZ to NASDAQ, and up-list KDCE to the Nasdaq and then spin out KDCE shares to CBDZ shareholders.
(2) We make KDCE a “Pure Play” CBD operations through multiple acquisition that strictly follows the dictates of the 2018 Farm Bill focusing on: (a) Ownership interest in certain businesses that extract, purchase and distribute Bulk Pure CBD, Isolate, Hemp Oil, THC-free CBD Distillate and Crude CBD Oil; and (b) Partnerships with local farmers to grow farm bill compliant hemp biomass.
Today, we took one of the required steps to bring KDCE current and get it up-listed by completing and filing KDCE December 31, 2018 Annual Report in Form 10K. Moving ahead, we’re diligently working on a super K to outline our vision for KDCE and our plan to achieve the vision.
For up-to-date information, please follow us on: www.cbdxfund.com; @cbdxfund; @alphafund
Frank I. Igwealor, JD, CPA, CMA, CFM, MBA, MSRM
Chairman and CEO, Kid Castle Educational Corporation (OTCPINK: KDCE)
Sr. Vice President and Chief Financial Officer, Cannabinoid Biosciences, Inc.
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