Business
Pharmagreen Biotech Inc. (f/k/a Air Transport Group Holdings, Inc.) Update
Pharmagreen Biotech Inc. (f/k/a Air Transport Group Holdings, Inc.) Update.
About this update from Pharmagreen Biotech Inc.
[{"type":"text","content":"\nCarson City, Nevada, July 03, 2018 (GLOBE NEWSWIRE) -- Pharmagreen Biotech Inc. (“Pharmagreen Biotech”) (“the Company”) (OTC PINK: AITGD), incorporated under the laws of Nevada, announces that during May 2018, it completed the share exchange agreement entered into on April 12, 2018 with WFS Pharmagreen Inc., a private company incorporated under the Corporations Act of British Columbia, Canada.  With the completion of this transaction the stakeholders of WFS Pharmagreen Inc. held approximately 95.5% of voting control of the Company.  This transaction is treated as a reverse merger with WFS Pharmagreen Inc., being the acquirer and the Company being the acquiree.  In connection with this transaction, the Company intends to change its year end from April 30th to September 30th.  The shares issued are subject to restrictions under applicable securities law.\n Furthermore, the name of the Company was changed from Air Transport Group Holdings, Inc. to Pharmagreen Biotech Inc. to reflect the new direction and business of the Company.  With this change, there was a reverse split of 1:200 of the issued and outstanding shares of the Company effective July 2, 2018.  A new symbol “AITGD” replaces the current symbol “AITG” for a period of 20 business days and thereafter will be replaced by the symbol “PHBI”. About Pharmagreen Biotech, Inc. and WFS Pharmagreen Inc. WFS Pharmagreen Inc. is a wholly owned Canadian based subsidiary of Pharmagreen Biotech, Inc., a publicly traded (OTC PINKS: AITGD) company.  WFS Pharmagreen Inc. is a cannabis company that is becoming the largest producer of cannabis plantlets through a proprietary tissue culture process with opportunity to become one of the largest players globally.  Pharmagreen’s mission is to advance the technology of tissue culture science and to provide the highest quality 100% germ free, disease free and all genetically the same plantlets of cannabis and other flora while offering full spectrum DNA testing for plant identification, live genetics preservation using  low temperature storage for various cannabis and horticulture plants; extraction of botanical oils mainly CBD oil, and to deliver laboratory based services to the North American Cannabis and agriculture sectors.  Fo...