The Green Fund and Cannabis Funding Group Enter Into Agreement
March 13 2015 - 11:11AM
InvestorsHub NewsWire
NEW YORK NY - (NewMediaWire) - March 13, 2015 - Worldwide
Diversified Holdings, Inc. (OTC
PINK: WNTR) announced today that its dividend company GCHI
Green Company Holdings, Inc. (www.thegreenfund.us) has entered into an
agreement with Smart Ventures, Inc. and its wholly owned subsidiary
Cannabis Funding Group, LP.
The transaction provides for the issuance 40,000,000 common
shares of Smart Ventures, Inc. and a convertible promissory note in
the amount of $250,000 and $1,000,000 in Cannabis Funding Group,
Inc. Limited Partnership Interests to The Green Fund in exchange
for the issuance of 1,450,000 common shares @ $1.00 per share for a
9.9% of The Green Fund. The Green Fund will own 10% of The Cannabis
Funding Group which is currently raising $10,000,000 for
investments in the Cannabis Industry. The transaction is scheduled
to close by March 31, 2015.
The companies will work together to raise additional funding for
its projects and look to increase shareholder value for both
companies. Les Barber, President of The Green Fund, stated: "We are
pleased with this transaction and now have a partner to continue to
develop opportunities as we grow the company. We look forward to
working with Smart Ventures to grow the assets and operations to
benefit shareholders over the next few years."
About The Green Fund
The Green Fund (www.thegreenfund.us) is a comprehensive group
of qualified Small Cap Public Companies in the Emerging Hemp and
Medical Marijuana Sectors that strives to bring up to date
Actionable Investment Intelligence on the pulse of these rapidly
growing industries.
About Worldwide Diversified Holdings, Inc.
Worldwide Diversified Holdings, Inc. (OTC
PINK: WNTR) (www.wdhinc.com). The company is a
diversified holding company with business operations and
investments.
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