FWDG late day news. This one gonna shock a few folks. Closed .0058
Float 71,000,000 a/o Jan 09, 2015
From the PR today.
With real estate secured, the next challenge was to acquire the technology necessary to achieve an ambitious growth and profit plan. MCHI has placed a purchase order of 400 state-of-the-art lights from FutureWorld, (FWDG). These smart LED lights surpass the market standard with features like two-way communications, health and power usage web reports, remote frequency adjustments, and powerful analytics that allow growers to build and save strand-specific profiles for optimizing repeat growth cycles. The lights will be expert-tested and ready for use prior to August 1, 2015.
Having placed this purchase order of $385,000, MCHI will now avail itself of its $3 million dollar credit facility from three private shareholders in non-convertible notes which bears an interest rates of 18%.
Last week's land lease and LED purchase order will allow MCHI to put three licensees on the five acres and start growing and profiting with breakthrough technology. Additionally, MCHI has the first right of refusal to lease additional land from FutureWorld. "This will provide MCHI with all the real estate it needs to facilitate the next 10 licensee's grows," commented INCC's CEO Antonio F. Uccello.
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