Denver, Colorado, Sept. 22, 2015 (GLOBE NEWSWIRE) -- FutureLand Corp. (OTC: FUTL), a leading provider of strategic real estate investment and grow facilities and material solutions to the global cannabis industry, today announced that it has signed a Memorandum of Understanding to acquire 35% of Raw Essentials International LTD ("REI"), a Jamaican Cannabis Company. The agreement involves all REI enterprises including bottling, growing, production, research and development, security, management and a heavy emphasis on extractions. HempTech and CB Scientific will also have major roles in this agreement. The MOU is signed to encourage greater economic relations and to facilitate domestic and bilateral trade.
REI is helmed by US cannabis grow expert and award winning grower, Brett Bogue. Mr. Bogue, who has been dubbed "The King of Kush", has spent substantial resources in Jamaica over the last couple years in preparing for the legalization of cannabis. On 25 February 2015, the Jamaican House of Representatives passed a law decriminalizing possession of up to 2 ounces of cannabis. The new law includes provisions legalizing the cultivation for personal use of up to 5 plants, as well as setting up regulations for the cultivation and distribution of cannabis for medical, tourism, religious purposes and natural growth. While Jamaican tourism is a large boon for the industry as it gains traction, so too are the importing and exporting of products to the entire world.
"Within this industry few things have the kind of sizzle and opportunity that being in Jamaica provides," said Cameron Cox, President and CEO of FutureLand Corp. "We believe this is a significant opportunity for FutureLand, FutureWorld (FWDG) and our shareholders. Jamaica has long been hailed the underground capital for cannabis, but now the country is setting its sights on an international standard of commerce related to all things cannabis. A standard that everyone else will look to model. We will do whatever we can to establish this foundation going forward and to support the country in this global enterprise."
FutureLand Corp will purchase 35% of REI and provide funding for the many separate business arms now under its canopy. The purchase will be completed with a combination of FutureLand common stock and a convertible note, both of which are subject to the holding provisions of SEC Rule 144. Revenues will flow to FutureLand and will be reported on a consolidated basis. Additionally, FutureLand intends to create new paths of business within the landscape that are now being explored. Currently we are working on multiple agreements with companies and projects in Jamaica and will inform our shareholders when they are completed.
"We view the partnership with FutureLand Corp to be the thrusters beneath the momentum we have been building. Presently, the last pieces are being affixed and licensing is imminent," said Bret Bogue, President of Raw Essentials International, LTD. "The only thing left to do is lift off!"
About FutureWorld Corp
FutureWorld (FWDG), a Delaware corporation, is a leading provider of advanced technologies and solutions to the global cannabis industry. FutureWorld, together with its subsidiaries, focuses on the identification, acquisition, development, and commercialization of cannabis related products and services, such as industrial Hemp. FutureWorld, through its subsidiaries, provides personal and professional THC and CBD test kits, pharmaceutical grade CBD oil solutions, SafeVape vaporizers, smart sensor technology, communication network, surveillance security, data analysis for smart cultivation and consultation for the industrial hemp and legal medicinal cannabis. Our wireless agricultural smart sensor networks offer precision to the agriculture, irrigation systems, and greenhouses for the global cannabis and hemp industry. FutureWorld and its subsidiaries do not grow, distribute or sell marijuana.
As the only Cannabis Technology Accelerator, FutureWorld will incubate and fund leading technologies, products, and services for Cannabis industry (Industrial Hemp) for foreseeable future; bringing value to its core and its shareholders.
To request further information about FutureWorld, please email us at email@example.com, log onto our website at http://www.futureworldcorp.com or visit us at our Facebook page at futureworldcorp or on Twitter @futureworldinc.
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 fees associated with cultivation centers. FutureLand retains ownership of all the land and the structures. FutureLand leases to both medical marijuana, retail marijuana as well as industrial hemp growers. FutureLand does not currently grow, distribute or sell marijuana. To request further information about FutureLand, please email us at firstname.lastname@example.org, log onto our website at http://www.futurelandcorp.com, or visit us on FB @ futurelandcorp and Twitter @futurelandcorp.
Raw Essentials International ("REI") has been established specifically to capitalize on the new Jamaican cannabis legislation. Ultimately, REI will be comprised of several, vertically integrated operating units as listed below:
Licensed cultivation, production, and distribution of cannabis products
Licensed Research & Development for commercially-viable cannabis-based treatments
Education and training in the science and business of cannabis
Consulting to the Jamaican government, cannabis farmers and industry vendors
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This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Source:FutureWorld Energy Inc.