The Company intends to file financial statements of FSH in an amendment to this Current Report on Form 8-K no later than 71 days from the Closing Date. The foregoing descriptions of the above referenced agreements do not purport to be complete. For an understanding of their terms and provisions, reference should be made to the Merger Agreement attached as Exhibit 2.1 and the Addendum to the Merger Agreement attached as Exhibit 2.2 to this Current Report on Form 8-K, which are incorporated by reference.
i. Milestone 1- Achieving $10 million in sales within 90 days of execution of this letter or a minimum gross profit of $500,000; or
ii. Milestone 2- Achieving $30 million in revenue within 180 days of execution of this letter or a minimum gross profit of $1,500,000
The Company cannot recapitalize and/or reverse split the common stock prior to F Squared Hemp meeting the above milestones.
Authorized Shares 37,947,301 05/29/2019 Outstanding Shares 5,677,896 05/29/2019 Restricted 1,658,742 05/29/2019 Unrestricted 4,019,154 05/29/2019 Held at DTC 3,184,911 05/29/2019
georgie18 Member Level Friday, 03/15/19 08:18:09 AM Re: georgie18 post# 38053 0 Post # 38058 of 38473 TSMI...01...8K...As a result of the Merger, FSH, which operates in the Cannabidiol industry, will become a wholly-owned subsidiary of the Registrant, and following the consummation of the Merger and giving effect to the issuance of the Merger Shares, the stockholders of FSH will beneficially own approximately Thirteen percent (13%) of the issued and outstanding Common Stock of the Registrant.
georgie18 Member Level Wednesday, 10/17/18 08:22:53 AM Re: georgie18 post# 38031 0 Post # 38053 of 38057 TSMI...015...Hit 033 high from 0045 alert...on Reinstatement...
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