$CDIX~Merger with CBD oil Co. Acela~New DD
~~~~~ AFTER HOURS 10Q FILINGS OUT: ACELA MERGER DEAL CONTINUES ~~~~~~
Quote:
13. COMMITMENTS AND CONTINGENCIES
The Company has committed to continue negotiations with Acela Biomedical once certain conditions have been met.
Quote:
Liquidity and Capital Resources
Following conditions consisting of reorganizing the Preferred classes of stock, the Company’s ongoing capital structure plans will continue with Acela Biomedical.
https://www.sec.gov/Archives/edgar/data/81122...093019.htm
1) CDIX is going to merge with Acela Biomedical, LLC
FT. LAUDERDALE, Fla., Aug. 23, 2019 (GLOBE NEWSWIRE) -- Cardiff Lexington Corporation (OTC:CDIXBB) and Acela BioMedical, LLC in Maysville, Ky announced today that they have signed a Letter of Intent whereby Acela BioMedical would become a subsidiary of Cardiff Lexington.
The parties have been in confidential discussions and negotiations for several months having reached agreement in principal and are working diligently to finalize their transaction as visualized in their recently executed Letter of Intent.
CDIX website: https://www.cardifflexington.com
https://www.globenewswire.com/news-release/20...Merge.html
2) Acela Biomedical is a very legit company. One of the biggest CBD oil producer in USA
Watch news video about Acela Facility https://www.wlwt.com/article/cbd-products-wha...w/28748027
Acela's CBD oil products ! https://acelacbd.com/shop/
Acela Facebook page https://www.facebook.com/acelacbd/
Acela CBD instagram page! https://www.instagram.com/acelacbd/
3) Congressman Thomas Massie visited the Acela CBD facility in Maysville, Kentucky
12 August at 08:38 ·
I had the opportunity to tour the Acela CBD facility in Maysville, Kentucky last week. It’s always exciting to see how the new industrial hemp industry has boosted the economy in Kentucky—especially when I’m able to wear a lab coat which reminds me of my days at the Massachusetts Institute of Technology. Acela CBD is a particularly innovative startup. This company is entirely local, contracting with Kentucky farms to supply industrial hemp, honey, lemongrass, lavender, and other ingredients to use in their own products.
Thanks to Acela CBD CEO Andrew Culbertson and Basil Mattingly for your hospitality and conversation.
https://en-gb.facebook.com/pg/acelacbd/posts/
4) A cela represents 10% of Kentucky's hemp growers. The company will produce up to 9,000 liters of CBD oil per month by 2020.
The Company recently put out a letter of intent to merge with Acela Biomedical, LLC and asked about this new development. Cunningham explained that Acela Biomedical is a clinical stage Biotech verified hemp grower, distributor, processor, extractor, and retailer that specializes in CBD oil production. "We think our partnership with Acela Biomedical affords Cardiff Lexington an incredible opportunity.", said Cunningham. He further explained that the Acela Biomedical offers soil-to-bottle CBD that has been rigorously tested for its quality, while also providing leading extraction methods. "Acela represents 10% of Kentucky's hemp growers.", added Cunningham.
Cunningham continued to elaborate on Acela Biomedical's cutting edge CBD processes, and shared that the Company expects that their new partner will produce up to 9,000 liters of CBD oil per month by 2020. "That's really important when you understand that one liter of high-quality CBD oil sells for $1,000-$3,000 on the market."
To hear Alex Cunningham's entire interview, follow the link to the podcast here:
https://audioboom.com/posts/7357428-cardiff-l...to-the-hem
https://finance.yahoo.com/news/cardiff-lexing...c=fin-srch
5) CDIX eliminated convertible notes and working with non dilutive private equity firms.
www.globenewswire.com/news-release/2019/09/11/1914147/0/en/Cardiff-Lexington-Corporation-CDIX-Shores-Up-Balance-Sheet-with-Capital-Infusion-Eliminates-Convertible-Debts.html
6) CDIX~Outstanding Shares 549 Million, Float about 470 million
https://www.otcmarkets.com/stock/CDIX/security
7) CDIX's most recent news
https://www.otcmarkets.com/stock/CDIX/news
********************************************************************************************************
OTHER DD LINKS~~ MUST READ~~
https://investorshub.advfn.com/boards/read_ms...=151166240
https://investorshub.advfn.com/boards/read_ms...=150719782
https://investorshub.advfn.com/boards/read_ms...=151217232
~~~~~ AFTER HOURS 10Q FILINGS OUT: ACELA MERGER DEAL CONTINUES ~~~~~~
Quote:
13. COMMITMENTS AND CONTINGENCIES
The Company has committed to continue negotiations with Acela Biomedical once certain conditions have been met.
Quote:
Liquidity and Capital Resources
Following conditions consisting of reorganizing the Preferred classes of stock, the Company’s ongoing capital structure plans will continue with Acela Biomedical.
https://www.sec.gov/Archives/edgar/data/81122...093019.htm
1) CDIX is going to merge with Acela Biomedical, LLC
FT. LAUDERDALE, Fla., Aug. 23, 2019 (GLOBE NEWSWIRE) -- Cardiff Lexington Corporation (OTC:CDIXBB) and Acela BioMedical, LLC in Maysville, Ky announced today that they have signed a Letter of Intent whereby Acela BioMedical would become a subsidiary of Cardiff Lexington.
The parties have been in confidential discussions and negotiations for several months having reached agreement in principal and are working diligently to finalize their transaction as visualized in their recently executed Letter of Intent.
CDIX website: https://www.cardifflexington.com
https://www.globenewswire.com/news-release/20...Merge.html
2) Acela Biomedical is a very legit company. One of the biggest CBD oil producer in USA
Watch news video about Acela Facility https://www.wlwt.com/article/cbd-products-wha...w/28748027
Acela's CBD oil products ! https://acelacbd.com/shop/
Acela Facebook page https://www.facebook.com/acelacbd/
Acela CBD instagram page! https://www.instagram.com/acelacbd/
3) Congressman Thomas Massie visited the Acela CBD facility in Maysville, Kentucky
12 August at 08:38 ·
I had the opportunity to tour the Acela CBD facility in Maysville, Kentucky last week. It’s always exciting to see how the new industrial hemp industry has boosted the economy in Kentucky—especially when I’m able to wear a lab coat which reminds me of my days at the Massachusetts Institute of Technology. Acela CBD is a particularly innovative startup. This company is entirely local, contracting with Kentucky farms to supply industrial hemp, honey, lemongrass, lavender, and other ingredients to use in their own products.
Thanks to Acela CBD CEO Andrew Culbertson and Basil Mattingly for your hospitality and conversation.
https://en-gb.facebook.com/pg/acelacbd/posts/
4) A cela represents 10% of Kentucky's hemp growers. The company will produce up to 9,000 liters of CBD oil per month by 2020.
The Company recently put out a letter of intent to merge with Acela Biomedical, LLC and asked about this new development. Cunningham explained that Acela Biomedical is a clinical stage Biotech verified hemp grower, distributor, processor, extractor, and retailer that specializes in CBD oil production. "We think our partnership with Acela Biomedical affords Cardiff Lexington an incredible opportunity.", said Cunningham. He further explained that the Acela Biomedical offers soil-to-bottle CBD that has been rigorously tested for its quality, while also providing leading extraction methods. "Acela represents 10% of Kentucky's hemp growers.", added Cunningham.
Cunningham continued to elaborate on Acela Biomedical's cutting edge CBD processes, and shared that the Company expects that their new partner will produce up to 9,000 liters of CBD oil per month by 2020. "That's really important when you understand that one liter of high-quality CBD oil sells for $1,000-$3,000 on the market."
To hear Alex Cunningham's entire interview, follow the link to the podcast here:
https://audioboom.com/posts/7357428-cardiff-l...to-the-hem
https://finance.yahoo.com/news/cardiff-lexing...c=fin-srch
5) CDIX eliminated convertible notes and working with non dilutive private equity firms.
www.globenewswire.com/news-release/2019/09/11/1914147/0/en/Cardiff-Lexington-Corporation-CDIX-Shores-Up-Balance-Sheet-with-Capital-Infusion-Eliminates-Convertible-Debts.html
6) CDIX~Outstanding Shares 549 Million, Float about 470 million
https://www.otcmarkets.com/stock/CDIX/security
7) CDIX's most recent news
https://www.otcmarkets.com/stock/CDIX/news
********************************************************************************************************
OTHER DD LINKS~~ MUST READ~~
https://investorshub.advfn.com/boards/read_ms...=151166240
https://investorshub.advfn.com/boards/read_ms...=150719782
https://investorshub.advfn.com/boards/read_ms...=151217232
