lol you do know we have been hearing this since bottom the last month and it keeps going up. Do some research your gonna lose your money elsewhere guaranteed.
Item 1.02 Termination of a Material Definitive Agreement.
On September 28, 2016, One World Cannabis Ltd. ("OWC Ltd"), a wholly-owned Israeli subsidiary of OWC Pharmaceutical Research Corp. (the "Registrant"), entered into a loan agreement with Medmar LLC , organized under the laws of the State of Maryland ("Medmar"), effective as of September 22, 2016 pursuant to which Medmar has agreed to loan OCW Ltd a total of $300,000 on a non-interest bearing basis, with no conversion rights. Medmar agreed to fund the Loan in six equal installments of $50,000 each. To date, OWC Ltd. has received $100,000 of the total Medmar loan commitment.
As a result of the Medmar loan, the Registrant, effective October 14, 2016, served notice on Kodiak Capital Group, LLC ("Kodiak") that it was: (i) terminating the Equity Purchase Agreement between the Registrant and Kodiak dated December 17, 2015 and amended on May 17, 2016; and (ii) withdrawing the pending registration statement on Form S-1 that had been filed with the SEC on June 16, 2016.
Item 8.01 Other Events.
The Registrant is reporting in this Form 8-K that effective on October 3, 2016, the Registrant has no convertible debt outstanding whatsoever.
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