Search

ANNOUNCEMENT - Asset Acquisition, Canadian Holding Company, and Cannabis Licensing


The Company formally announced the completion of an agreement entered into on January 31, 2019, to purchase all the cannabis-related assets from First Jersey Cannabis Corporation (“FJC”) in exchange of 500,000 shares of FJC stock. Based on the proposed stock Regulation A offering of FCI, the transaction has an implied value of $1,125,000. A spokesperson for the Company said that the cannabis assets are to be the foundation of a to be formed Canadian corporation of the same name. “Together with these assets, and the acquisition of property in Prescott, Canada, we plan to obtain a license to cultivate cannabis, establish a test kitchen for product development and retail branding.” Also, the Flashlight Bankers, Inc. (Canada) will file for recreational use licenses in Massachusetts, New Jersey, Pennsylvania, and New York when available.


Newsroom

Legal | Privacy

©2019 by northridge corporation