Posted On: 08/07/2014 5:52:27 PM
Post# of 219
UNGS NEWS[/b
Aug 07, 2014 (ACCESSWIRE via COMTEX) -- ST. PETERSBURG, FL / ACCESSWIRE / August 7, 2014 / Sylios Corp (otc pink:UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, investments in equities and corporate debt and the development of products utilized in the medical and recreational marijuana industry is pleased to announce that the Company's Board of Directors elected to form a new wholly owned subsidiary for its cannabis operations.
On July 2, 2014, the Company filed with the State of Florida to form Bud Bank, LLC. The Company received approval from the Florida Office of Financial Regulation for the use of the name Bud Bank for its dispensing product. Bud Bank, LLC will be dedicated solely to the Company's cannabis dispensing product. The Company will continue to seek products to acquire, license or develop through joint ventures through its cannabis subsidiary, The Greater Cannabis Company, LLC.
Aug 07, 2014 (ACCESSWIRE via COMTEX) -- ST. PETERSBURG, FL / ACCESSWIRE / August 7, 2014 / Sylios Corp (otc pink:UNGS), a holding company with operations engaged in the exploration and development of oil and natural gas properties, investments in equities and corporate debt and the development of products utilized in the medical and recreational marijuana industry is pleased to announce that the Company's Board of Directors elected to form a new wholly owned subsidiary for its cannabis operations.
On July 2, 2014, the Company filed with the State of Florida to form Bud Bank, LLC. The Company received approval from the Florida Office of Financial Regulation for the use of the name Bud Bank for its dispensing product. Bud Bank, LLC will be dedicated solely to the Company's cannabis dispensing product. The Company will continue to seek products to acquire, license or develop through joint ventures through its cannabis subsidiary, The Greater Cannabis Company, LLC.
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