Can someone please explain to me how this is benef
Post# of 56323
Posted On: 03/25/2014 12:55:27 PM
Can someone please explain to me how this is beneficial to FITX in that essentially it would seem we are not in the drivers seat on this.
And how this relates to the previous (and possibly still current arrangement with Growlife) in which they provided funding for a 25% stake in FITX.
I try to keep up on these press releases and understand them correctly, however, there is quite a bit that has transpired in the last week that has led to confusion.
Thanks.
Under the agreement, GrowLife will sell and distribute RXNB proprietary technologies globally, and share profits related to technology licensing, subject to the approval of the GrowLife Board of Directors. GrowLife currently has a 45% ownership interest in OGI, with conditions under which it can gain majority interest.
And how this relates to the previous (and possibly still current arrangement with Growlife) in which they provided funding for a 25% stake in FITX.
I try to keep up on these press releases and understand them correctly, however, there is quite a bit that has transpired in the last week that has led to confusion.
Thanks.
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