Denver, Colorado, Jan. 04, 2016 (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 on December 22, 2015, its Board of Directors approved a forward stock split through a stock dividend whereby each share of common stock would effectively be split into three shares of common stock. The Company will issue a dividend of two shares of common stock for every one share issued and outstanding on the "record date". The “record date” and “dividend date” will be set with the approval of FINRA, and FUTL common stock is expected to begin trading on a split-adjusted basis on the post dividend date. After the dividend date, those holding physical certificates must turn their certificates back into the transfer agent for new certificates. All others shall receive their new share(s) electronically through their brokers on the dividend date.
The Company will file with FINRA for approval of this forward stock split.
"Yesterday the Board took an important step forward for our loyal stockholders. We believe the stock split will make the stock more attractive to a larger portion of the investing community, create more liquidity and provide a bonus to our current loyal shareholders," stated Cameron Cox, Chief Executive Officer. "As we continue to grow our business, increase revenue and expand our stockholder base among retail and institutional investors, the stock split is further testament to our Board and management team's confidence in the future prospects for the company," concluded Mr. Cameron Cox, President and Chief Executive Officer.
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.
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