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FutureLand's (FUTL) Subsidiary, FutureLand Oregon LLC, Consumates Purchase of 50% Ownership in 78 Acres in Southern Oregon for Recreational Marijuana Grow
FutureLand's (FUTL) Subsidiary, FutureLand Oregon LLC, Consumates Purchase of 50% Ownership in 78 Acres in Southern Oregon for Recreational Marijuana Grow.
About this update from Futureland Corp
[{"type":"text","content":"\nFutureLand's (FUTL) Subsidiary, FutureLand Oregon LLC, Consumates Purchase of 50% Ownership in 78 Acres in Southern Oregon for Recreational Marijuana Grow\n\nFutureLand's (FUTL) Subsidiary, FutureLand Oregon LLC, Consumates Purchase of 50% Ownership in 78 Acres in Southern Oregon for Recreational Marijuana Grow\n\n\nCompany Makes First Installment to Own Major Grow Facility in Southern Oregon \n\nDENVER, CO--(Marketwired - June 20, 2016) - FutureLand Corp. (OTC PINK: FUTL), a leading provider of strategic real estate investment, grow facilities and material solutions to the global cannabis industry, announced today that its subsidiary, FutureLand Oregon LLC, has entered into contract to purchase 50% ownership in 78 acres of land in Southern Oregon for $125,000, plus additional investment capital, and has paid the first of two installments. The land is currently being developed into a recreational marijuana grow facility and is being purposed to generate some very specific strains of cannabis. The 78 acres of land in Southern Oregon is jointly owned by FutureLand Oregon LLC and Hspendleton, LLC.Cameron Cox, CEO of FutureLand Corp., said, \"We are very excited to begin the process of growing cannabis in Oregon for the recreational market. But it doesn't stop there. The plan is to prepare the way for a seamless transition to a major pharmaceutical play. This can only happen, however, if we focus on strains and opportunities that will no doubt find a place of top-mind awareness among the drug companies. With Hspendleton, LLC and Groovey Groves as our partners, we intend to put ourselves in a very strong position to enter the other primary verticals within the industry, including distribution and infused products.\" Bruce Perlowin, CEO of Hemp Inc. (OTC PINK: HEMP), as well as their consulting division, continue to be great assets to the FutureLand Corp. network on a weekly and daily basis. \"We have been setting up the opportunity to grow in Oregon for better than a year now and are happy to be in partnership with FutureLand Corp. to bring only the best quality cannabis to the marketplace. This project is going to be something special, but right now we want to keep our cards close to the vest,\" says John Miller of Groovey Groves, LLC. In the next few weeks, we will update our shareholders through social media, such as Facebook an...