| [August 21, 2014] |
 |
4th Grade Films, Inc. Announces Acquisition of Strainwise, Inc.
DENVER --(Business Wire)--
On August 19, 2014, 4th Grade Films, Inc. (OTCBB:FHGR)
acquired approximately 90% of the outstanding common stock of
Strainwise, Inc. ("Strainwise"), in exchange for 23,124,184 shares of
4th Grade's common stock.
Strainwise is a branding and fulfillment services enterprise that
provides consulting, procurement and operational services to marijuana
cultivation facilities and retail stores involved in the sales of
medical and recreational marijuana. Strainwise currently provides these
consulting services to eight retail stores and one cultivation facility
in Colorado.
4th Grade plans to adopt Strainwise's business plan, change its name to
Strainwise, Inc. and change its stock trading symbol to better reflect
its new business focus.
In connection with the acquisition:
-
the Company caused 1,038,000 shares of its outstanding common stock to
be cancele;
-
Shawn Phillips was appointed a director and the Chief Executive
Officer of the Company;
-
Erin Phillips was appointed a director and the President and Principal
Financial and Accounting Officer of the Company;
-
David Modica was appointed a director and Manager of Quality Control
and a director of the Company;
-
Shane Thueson, Nicholl Doolin and John Winchester resigned as officers
of the Company (and will resign as directors no later than August 30,
2014); and
-
the Company's assets relating to its independent film business were
sold to Shane Thueson, a former officer of the Company.
Forward Looking Statements. Statements made in this news release
that relate to future plans, events or performances are forward-looking
statements. Any statements containing words such as "believes,"
"should," "anticipates," "plans," or "expects" as well as other
statements are forward-looking, and those statements involve risks and
uncertainties outside of the control of Strainwise and are based on
current expectations. Consequently, actual results could differ
materially from the expectations expressed in these forward-looking
statements. Attention is directed to cautionary statements in our filing
on Form 8-K dated August 21, 2014 and our other filings with the
Securities and Exchange Commission. All those filings are available on
the Web site of the Securities and Exchange Commission at www.sec.gov.
[ Back To TMCnet.com's Homepage ]
|
