Junebug, this is what was posted by Vinsterr on th
Post# of 85494
(Total Views: 194)
Posted On: 11/15/2018 1:20:44 PM
Junebug, this is what was posted by Vinsterr on the other forum:
Here's why..... Back in july, DALTON said that we are waiting for signatures that have nothing to do with the filings, perhaps it was for this....
"In July 2018, the Company entered into a purchase agreement to acquire 100% of the ownership interests of AgriMed Industries of PA LLC, an entity that holds a license from the state of Pennsylvania for the cultivation of cannabis (“AgriMed”). AgriMed presently develops cannabis products that are wholesaled to medical marijuana dispensaries within the state. The purchase price is comprised of $8,000,000, a portion of which may be in the form of the Company’s common stock at the seller’s option, and the assumption of certain liabilities of AgriMed not to exceed $700,000. As required by state law, and in order to effectuate the transaction, the parties have applied for legislative approval of the change in AgriMed’s ownership with respect to the Company’s acquisition. The Company expects to receive written evidence thereof prior to the end of the 2018 fiscal year, at which time the Company will consolidate the operations of AgriMed in accordance with GAAP."
"To date, the Company has secured, on behalf of its clients, 11 cannabis licenses across five states"
" Partnership agreements that Univec has or will have is transferred to New Owner if Ownership changes."
Here's why..... Back in july, DALTON said that we are waiting for signatures that have nothing to do with the filings, perhaps it was for this....
"In July 2018, the Company entered into a purchase agreement to acquire 100% of the ownership interests of AgriMed Industries of PA LLC, an entity that holds a license from the state of Pennsylvania for the cultivation of cannabis (“AgriMed”). AgriMed presently develops cannabis products that are wholesaled to medical marijuana dispensaries within the state. The purchase price is comprised of $8,000,000, a portion of which may be in the form of the Company’s common stock at the seller’s option, and the assumption of certain liabilities of AgriMed not to exceed $700,000. As required by state law, and in order to effectuate the transaction, the parties have applied for legislative approval of the change in AgriMed’s ownership with respect to the Company’s acquisition. The Company expects to receive written evidence thereof prior to the end of the 2018 fiscal year, at which time the Company will consolidate the operations of AgriMed in accordance with GAAP."
"To date, the Company has secured, on behalf of its clients, 11 cannabis licenses across five states"
" Partnership agreements that Univec has or will have is transferred to New Owner if Ownership changes."
(0)
(0)Univec Conglomerate Inc (UNVC) Stock Research Links
Scroll down for more posts ▼