Business
FutureLand (FUTL) Subsidiary Signs Purchase and Sales Agreement to Purchase Licensed Medical Marijuana Facility
FutureLand (FUTL) Subsidiary Signs Purchase and Sales Agreement to Purchase Licensed Medical Marijuana Facility.
About this update from Hemp, Inc.
[{"type":"text","content":"\nFutureLand (FUTL) Subsidiary Signs Purchase and Sales Agreement to Purchase Licensed Medical Marijuana Facility\n\nFutureLand (FUTL) Subsidiary Signs Purchase and Sales Agreement to Purchase Licensed Medical Marijuana Facility\n\n\nAgreement to Buy 40 Acres in Southern Oregon \n\n\n DENVER, CO--(Marketwired - March 16, 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 FutureLand Oregon LLC., a subsidiary of FutureLand Corp., entered into a purchase and sale agreement to buy 40 acres of land in Southern Oregon. The land is currently operational as a licensed medical marijuana facility.Cameron Cox, CEO of FutureLand Corp. said, \"This marks an important milestone in our business plan and allows us to be one of the first public companies to enter the cultivation side of the business. As a result of the consulting agreement signed February 2, 2016 between Hemp, Inc.'s Industrial Hemp and Medical Marijuana Consulting Company and FutureLand Corp, I have been able to dialogue regularly with Bruce Perlowin, CEO of Hemp Inc. (OTC PINK: HEMP), as well as their consulting division, which has been instrumental in aiding us in making the decision to enter the market in this particular area. Specifically, Mr. Perlowin assisted us in identifying hemp farms in Oregon helping to mitigate any potential cross-pollinating threats.\" FutureLand Corp agreed to purchase the property for $975,000 in cash and expects to close in the second quarter of 2016. Once the purchase is complete, FutureLand plans to file for a recreational license on the property. Information concerning this event was filed by the Company today with the Securities and Exchange Commission and can be obtained at www.sec.gov.About FutureLand Corp.FutureLand Corp., a Colorado company, is a cannabis and hemp specialty zoned land leasing company formed to capitalize upon the emerging global cannabis market. FutureLand, focuses on target acquisition, zoning, license fulfillment, site plan preparation and financing of cannabis or hemp grow facilities throughout the United States. We give growers the opportunity to grow. We monetize through leasing the land, leasing the structures on the land, financing interest revenue and management fe...