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Tuesday, May 25, 2021 9:09:24 PM
Interested folk can skip the following copy and paste info from financials and read more easily via ecgi Quarterly financials link provided..https://backend.otcmarkets.com/otcapi/company/financial-report/282829/content. ..btw, the following news regarding Mount Fire 29 Corp,is a
subsidiary of Northern California Holdings, Inc...two new shells owned and controlled by Jimmy Chan.
Finally, new shell ECGI Holdings did both the 60 acre Lower Lake gig AND Nugs AVE dispensery deal with Jimmy..Tough to keep up with new shells and (morphing?) financials paper info ..glta
On January 20, 2021, the Company acquired Mount Fire 29 Corp, a
subsidiary of Northern California Holdings, Inc. for a property located in Lower Lake,
CA 95457 within the inclusion zone suitable for cannabis cultivation. The loan of
$804,000 therefore became part of the Company’s liability after the acquisition. The
loan is matured on October 1, 2022 with an interest of 8.5%, payable in 24 installments
of $5,695 each, beginning on November 1, 2020.
(6) On January 20, 2021, the Company acquired Mount Fire 29 Corp, a
subsidiary of Northern California Holdings, Inc. for a property located in Lower Lake,
CA 95457 within the inclusion zone suitable for cannabis cultivation. The loan of
$175,000 was lended from David H Tuttle and Melodye R Tuttle therefore this loan
became part of the Company’s liability after the acquisition. The loan and balloon
payment is matured on December 1, 2020 at 7% interest. LMK Capital LLC paid
$50,000 on behalf of the Company so the $175,000 was reduced to $125,000. This loan
is currently at default as of February 28, 2021.
(7) On January 20, 2021, the Company acquired Mount Fire 29 Corp, a
subsidiary of Northern California Holdings, Inc. for a property located in Lower Lake,
CA 95457 within the inclusion zone suitable for cannabis cultivation. The Company
will pay Northern $250,000 in cash within 10 days; $350,000 in cash within 20 days,
and $2,900,000 in cash within 90 days. As of this filing, the Company is default in
payment for the payments. The balance as of February 28, 2021 was $3,500,000.
Northern California Holdings, Inc. is owned and controlled by Jimmy Chan.
(8) On January 20, 2021, the Company acquired Mount Fire 29 Corp, a
subsidiary of Northern California Holdings, Inc. for a property located in Lower Lake,
CA 95457 within the inclusion zone suitable for cannabis cultivation. LMK Capital
LLC paid $50,000 on behalf of the Company to David H Tuttle and Melodye R Tuttle
for the $175,000 on (6). LMK Capital LLC is owned and controlled by Jimmy Chan.
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