Business
GNCC Capital, Inc. Confirms Negotiations With South African Cannabis Cultivator And Exporter
GNCC Capital, Inc. Confirms Negotiations With South African Cannabis Cultivator And Exporter.
About this update from Gncc Capital, Inc.
[{"type":"text","content":"\n\n\n\nGNCC Capital, Inc. Confirms Negotiations With South African Cannabis Cultivator And Exporter\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nGNCC Capital, Inc. Confirms Negotiations With South African Cannabis Cultivator And Exporter\nPR Newswire\nLAS VEGAS, Aug. 7, 2019\n\n\n\nLAS VEGAS, Aug. 7, 2019 /PRNewswire/ -- GNCC Capital, Inc. (GNCP.PK) (\"The Company\" or \"GNCC\") confirms that it is in negotiations with a South African based cultivator of Medicinal Cannabis; solely for export purposes. This transaction, if consummated, affords GNCC opportunities to expand upon its interests in the Cannabis Industry; and very significantly.\nWe are only divulging this information today due to innumerable requests from our shareholders for updates and that our last update was on July 8, 2019.\nThe GNCC Directors wish to stress that our not divulging any additional information today is that we deem it not to be in the best interests of our shareholders. Specifically, given our need to consummate this transaction(s) without any third party(s) interference. We are at this time, prepared to confirm as follows:\nAll of the requisite licenses*, scientific and operational expertise; and their existing approved and operational cultivation facilities are in regulatory compliance.\n*Currently operating under a License issued by the South African Department of Health Medicines Control Council.\nThe Directors confirm that GNCC, will in all likelihood, be partnering with a third party financier given the potential immediate cash requirements pertaining to this transaction. \nWe can categorically confirm that under no circumstances will GNCC be issuing any shares of its Common Stock nor any of its shares of Preferred Stock whatsoever in order to fund any transactions of whatsoever nature pertaining to this transaction.\nThese negotiations are being conducted by Mr. Ted Blom, GNCC's President. In the interests of full transparency, we acknowledge that the other parties to these negotiations are long standing clients of Mr. Blom. In our opinion, this in no way constitutes a conflict of...