Marijuana Stocks M&A » By The Online Investor Staff, updated Thu., Apr. 25, 9:22 AM
Recent mergers and acquisitions in the Marijuana Stocks M&A category.
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Slide #33. FutureWorld's HempTech — Interest in Verecis
Acquirer:
FutureWorld's HempTech (FWDG)
Acquiree:
Interest in Verecis
Details:
FutureWorld (OTCQB: FWDG), a U.S. Diversified Holding Company formed to capitalize on the burgeoning technology markets globally, announces today that HempTech is to acquire interest in Verecis Corporation to further develop CaNNaTRAK product line for the legal medical marijuana and the industrial hemp markets. Verecis has been a pioneer in Enterprise Asset Management industry for the Fortune 500 for more than a decade. Seed to sale control and effective tracking has become a choke point in the growth of the legal medical marijuana industry. HempTech, together with Verecis, will mitigate and alleviate this considerable concern for current States and any future States allowing the creation of the legal medical marijuana industry. Compliance and governance will be the big drivers in adoption and growth of the medical marijuana industry nationwide and globally. Without a proper compliance and governance framework, legal medical marijuana may encounter considerable roadblocks for mass acceptance and adoption. The acquisition will provide substantial ownership and rights to the intellectual property required for development, sale and expansion of CaNNaTRAK nationally. The acquisition detail will be noted on the forthcoming 8K.
Interest in Verecis: PRIVATE
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