Business
For The Earth Corporation (OTC: FTEG) Signs Letter of Intent with Vliso AI to Acquire Their CBD Vending Machine Division (CHOW)
For The Earth Corporation (OTC: FTEG) Signs Letter of Intent with Vliso AI to Acquire Their CBD Vending Machine Division (CHOW).
About this update from For The Earth Corp.
[{"type":"text","content":"\nPHOENIX, AZ, Jan. 29, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- For The Earth Corporation (the “Company”) (OTC: FTEG) is pleased to announce that FTEG has signed a Letter of Intent with Vliso AI to acquire their CBD Vending Machine Division (CHOW).\n We’ve recently signed a letter of intent with Vliso AI for their CBD Vending Machine Division, (CHOW). FTEG’s CEO, Nelson Grist, said, “Vliso AI (Vliso.com) has AI vending technology that we hope to use to make a quick and profitable entrance into the CBD space.” The placement of CBD vending machines requires a lower placement cost into public areas that are not easily accessible or cost effective to have a presence. It is important to note that consummation of this transaction and our entrance into the CBD space is entirely dependent on future financing, of which there is no assurance. CEO Zachary Obasiolu & CTO David Obasiolu of Vliso AI said, “We are excited to enter into a LOI with For The Earth and revolutionize the retail CBD space. We have been growing and expanding CHOW for the past year while proving our company model. Working with For The Earth will allow us to expand aggressively with a great company backing us. We are looking forward to making a very large impact.” About: For The Earth Corporation For The Earth Corporation’s primary focus is in three areas; Household and Institutional Cleaning, Pet, and the Health Care Industry. The Company’s mission is to create “Green” and biodegradable, healthy living products, that provide effective and sustainable solutions for people, pets, and the planet. Forward-Looking Statements Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See For The Earth’s filings with OTC Markets, which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements. Safe Harbor Statement This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject...