IDGCgood release for shareholders interest/\ excerp
1.ID Global Corporation (IDGC) set out this year with a primary focus on reducing its debt and positioning the company to maximize profitability through debt and equity investments, controlling interests in established companies, as well as special situation start-ups.
2.In the first quarter we were able to settle more than $200,000 in convertible debt and acquire a 5% stake in Jack Rockwell, Inc. (JRI) with an option to acquire up to an additional 15% as we complete our due diligence process.
The company has a new website: www.jackrockwell.com The company retained an Intellectual Property (IP) attorney specializing in providing valuation of IP. Results of the valuation are North of $5 million US The company has shifted focus to its IP and a licensing model to be developed by IDGC. The company is currently pursuing several licensing opportunities with established coffee roasters, small coffee franchises and others.
In the second quarter we began to recognize an opportunity to seek entry into the medical marijuana industry. Through a multitude of contacts and being in the right place at the right time, we are now positioned to become a player in the US market as well as the Canadian market.
3.First, through an exclusive licensing agreement, IDGC has aligned, with a US based company that is building a brand of products to include, but are not limited to, coffee, CBD based energy drinks, CBD based chewing gum and other products. We are the exclusive distributor of the GREEN RUSH™ cannabis and CBD products.
4.Here are some more updates on the medical marijuana opportunity:
No Reverse Split is Needed to Accomplish idgc Goals! 5.IDGC signed an exclusive worldwide licensing and distribution agreement with Corr Brands, Inc. (CBI) for its Green Rush™ Brand of products including, but not limited to, beverages and consumer edibles.
Additionally, to truly take full advantage of these two opportunities, IDGC will need to raise additional capital. We do not intend to do a reverse split to accomplish this and will mitigate dilution by utilizing our contacts to afford the company the best possible terms through a sale of equity or a debt round.
The first product to be released in early fourth quarter of 2014 is GREEN RUSH™ Coffee, a ground coffee blend with hemp seed and plant based electrolytes. IDGC executed a Letter of Intent with established grower in Vancouver, BC and a $20,000 deposit to be provided by IDGC for a 5-acre parcel of land with plans to construct a 20,000 sq. ft. facility.
IDGC shall have access to, and have an unrestricted right to use otherwise confidential information of this established Medical Marijuana grower in Vancouver BC, Canada, consisting of intellectual property rights, related to but not limited to the growing of marijuana in a highly efficacious manner, as illustrated in its current business plan and to be further developed by IDGC, coupled with the potential filing of an S-1 for this marijuana grower. In closing, it has certainly been an eventful first half of the year and we have decided to focus our efforts on the two opportunities listed above.
The first product to be released in early fourth quarter of 2014 is GREEN RUSH™ Coffee, a ground coffee blend with hemp seed and plant based electrolytes.
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