MMJ PhytoTech Ltd (ASX:MMJ) is pleased to advise that it has finalised due diligence and signed the formal agreements to subscribe for C$2 million in secured convertible debentures in Toronto-based Weed Me Inc.
The Board of Queensland Bauxite (ASX:QBL) is pleased to update its shareholders about the significant progress that its subsidiary company Medical Cannabis Limited (MCL) has recently made in executing its business plan and particularly in relation to MCL's Vitahemp food company and its impressive client list.
The Boards of Queensland Bauxite Limited (ASX:QBL) and Algae.Tec Ltd (ASX:AEB) are delighted to announce a significant Australian ground breaking agreement whereby AEB will exclusively license Medical Cannabis Limited's Low THC Delta 9 Cannabis cultivars from the unique Australian Cannabis seed bank owned by Medical Cannabis Limited.
MMJ PhytoTech Limited (ASX:MMJ) is pleased to advise that TSX-V listed Harvest One Cannabis Inc. (CVE:HVST), which is 59% owned by MMJ, has released an operational update on its wholly-owned horticultural subsidiary United Greeneries Ltd.
MMJ PhytoTech Limited (ASX:MMJ) is pleased to advise that it has entered into an agreement to strengthen its position in the Canadian cannabis sector via the proposed subscription of C$2 million in secured convertible debentures in Toronto-based Weed Me Inc.. The Debentures are convertible into shares and warrants in Weed Me based on a pre-money valuation of C$10 million.
Tianmei Beverage Group Corporation Limited (ASX:TB8) is pleased to advise that Mr Dong Xie was appointed as Non-Executive Director and Chairman of the Company. Mr Xie has more than 20 years' experience in investments and funds management.
MMJ PhytoTech Limited (ASX:MMJ) wishes to advise that Dr Daphna Heffetz, Chief Executive Officer of the Company's 100%-owned Israeli-based subsidiary PhytoTech Therapeutics Limited, has tendered her resignation. Dr Heffetz will remain in her current role until 31 December 2017.
