RE:RE:Could be trueLooks like they plan on giving Frank control of the board if they get this thing going.
MATICA ENTERPRISES. INC. (FORMERLY “CADMAN RESOURCES INC.”AND “MATICA GRAPHITE INC.”) NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2014 (Unaudited) 11. SUBSEQUENT EVENTS On October 9, 2014, the Company signed a definitive agreement to acquire THC Dispensaries, Inc. (“THCD “) a Nova Scotia company with a Marijuana for Medical Purposes Regulation ("MMPR") license as well as a brand new state of the art free standing facility. THCD has received a "Ready to Build" letter from Health Canada and is awaiting the pre-license inspection currently scheduled for late October to become an operating licensed producer under the new MMPR program. The MMPR license allows the Company to supply dried marijuana, seeds and organic soil to dispensaries throughout North America and Europe. Under the terms of the definitive agreement, the Company has an option to acquire a 50% interest in THCD by financing THCD up to $325,000 and deliver 1,000,000 common shares. Upon THCD becoming a Licensed Producer, the Company will finance THCD a further $1,175,000 and deliver 4,000,000 common shares.
The Board will comprise of two members from the Company and three members from THC.
From -
Financials Issued September 30 - on Sedar December 1st