VSYM DUE DILIGENCE 12.12.2020
View Systems, Inc. (VSYM) to Declare Dividend of Shares in Operating Entity, View Systems International, Inc., to spin out their ViewScan Technology, and Focus on Developing their South American Cannabis Operations.
Sannabis was recently issued a “Fabrication License” by the Colombian Government and anticipates soon the approval of “Cultivation” and “Seed Use Licenses”
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View Systems, Inc. (OTC:VSYM) will declare a dividend of shares in wholly owned subsidiary, View Systems International, Inc. (VSII), to shareholders on a record date yet to be determined. View Systems, Inc. will transfer the assets, intellectual property, and licensing rights for the ViewScan Concealed Weapon Detections System to View Systems International. The corporate separation will be accompanied by a registration statement.
View Systems International, Inc. is raising capital to build the new and improved ViewScan II for the U.S. and global market, to fill existing international orders. VSII will build these units in Barranquilla, Colombia, in line with the U.S. govt. encouragement to near-shore operations. Anticipated cost per unit has reduced significantly and will increase profit margins. View Systems International has pre-orders of ViewScan from long standing international customers.
View Systems, Inc. will simultaneously complete the acquisition of Sannabis S.A.S., a Colombian cannabis company.
Sannabis expects to have all four cannabis licenses in Colombia.
1. Seed Use License- pending approval, completing Seed Bank construction, click here to see progress on greenhouses.
2. Fabrication and Export License- APPROVED, click here to see copy of issuance.
3. THC Cultivation License- Pending approval once small surveying work done on our fields.
4. Hemp Cultivation License- Pending approval once survey done.
Sannabis also has ownership in a cannabis company in Uruguay, Campo de Violetas, that has an Import Permit to ship cannabis into the USA.
View Systems, Inc. expects to file a Form-10Q for Q3 of 2020 with the SEC at any moment.
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