WDRP Premarket News!!! Stock Retirement Plan!!! Wanderport Announces Capital Raising and Stock Retirement Plan as Part of New Growth Initiative
SANTA MONICA, Calif., Aug. 20, 2015 /PRNewswire/ -- Wanderport Corporation (OTC Markets: WDRP), a premier distributor of food, beverages and consumer products made with hemp, announced today its capital raising and stock retirement plan as part of the new growth initiative.
The Company plans to add new items to its product line on a regular basis and initiate production of its own brand sometime in the fourth quarter. To support this initiative, the Company has initiated talks with various financiers to secure an initial financing facility of two million dollars. The proceeds will be used for sales and marketing as well as to cover production costs.
In an effort to improve its capital structure, the Company is also in negotiation with a few major shareholders to secure and retire up to one hundred million shares of its common stock, which it expects to complete this quarter. This is a follow up to fifty million shares of common stock that the Company retired in the first quarter.
In addition to the above, the Company is also considering implementing a dividend paying plan in the near future.
"We, as a whole company, are committed to growing our business while advocating hemp based products," said Eric Brown, CEO of Wanderport Corporation. "With a keen interest in strengthening our fundamentals and positioning the company as a major player in this burgeoning industry, we will take all necessary steps to organize and capitalize ourselves in order to succeed and to create significant value for our shareholders," added Brown.
News 
Market Data 
Discover 
