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Sunday, November 06, 2022 9:29:36 AM
Conflicts of Interest
Our Chief Executive Officer has potential conflicts of interest because of his interests in entities with which we have license agreements. Our Chief Executive Officer owns 100% of our Preferred Shares and is also a Managing Member and 80% owner of Bullitt Point. We and Bullitt Point have completed a May 1, 2019 Letter of Intent to establish a joint venture project whereby in return for funding of $5,000,000 to the joint venture, we will hold 50% interest in all of Bullitt Point’s entertainment properties. Our Chief Executive Officer is also a Managing Member of Kannabis Kings. Accordingly, our Chief Executive Officer has potential conflicts of interest between his interests in Bullitt Point and our interests, and his interests in Kannabis Kings
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