The Company acquired all of the issued and outstanding shares of City Cannabis in exchange for 60 million common shares of the Company.
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Lipari’s current policy regarding hemp is to distribute foods only containing hemp seed-derived ingredients.
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The suppliers will also get an opportunity to be seen by the industry’s top growers and mass media.
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The company sales convertible debenture units of the Company at a price of $1,000 per Convertible Debenture Unit for aggregate gross proceeds of $40,250,000.
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The Company’s shareholders approved WeedMD’s Omnibus Incentive Plan.Â
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