4CABLE TV
INTERNATIONAL, INC. ANNOUNCES CONVERSION OF PREFERRED B
SHARES TO COMMON STOCK AND OTHER DEBT CONVERSION; AND PETITIONING
FOR THE REMOVAL OF THE CE DESIGNATION
Miami, FL -- March 1, 2022 -- InvestorsHub
NewsWire -- 4Cable TV
International, Inc. (OTC:
CATV) (the "Company") CATV: A
group oriented to become a global leader in Cannabis based products
markets.
The Company is pleased to announce that all its
outstanding convertible notes, and all amounts due thereunder with
Marquis Trading, LLC have been settled and
released.
These debts were resolved with no
dilution of the stock. Marquis Trading, LLC now has no connection to
the company whatsoever, and will never become a shareholder of the
company by virtue of the conversion of such notes.
CONVERSIONS
On January 29, 2022 all Preferred B Shares of
the company were registered within the framework of the Company's
transfer agent.
After the one-year anniversary from the
acquisition of Healthcare and Wellness Clinics of America and
Corporation Clinic, the Preferred B shareholders have converted
their shares into common stock making the transaction
final.
The new common shareholders include
Central Health and Innovation, LLC, partly owned by the CEO,
Michael Feldenkrais, and the remainder was issued to KK Family
Investments, LLC. The total shares issued for the conversion from
the 2,058 Preferred B shares issued for the acquisition of
Healthcare and Wellness Clinics of America and Corporation Clinic
resulted in the conversion to 514,705,882 common
shares.
Of these, Central Health and
Innovation, LLC received 185,294,117 common shares and KK Family
Investments, LLC received 329,411,765 common shares.
The $375,000 in promissory notes that were also
part of the purchase price of that transaction, were likewise
converted into common shares. The shares were converted at a market price
resulting in the issuance an additional 144,440,408 common
shares.
Of these, Central Health and
Innovation, LLC received 51,998,547 common shares while, KK Family
Investments, LLC received 92,441,861 common shares.
Further to conversions of other debts owed by
CIGN, LLC to third parties, additional common shares were issued
subject to the applicable provisions of Rule
144.
The total conversion of debt from
CIGN, LLC to common shares of the Company amounted to 104,222,516
common shares in exchange for release of debt of
$511,714.00.
PETITION TO REMOVE CE
DESIGNATION
On Friday February 24, 2022, the Company
petitioned the OTC Markets Group ("OTC") to consider the removal of
the Caveat Emptor designation from the Company's common
shares.
The Company believes that it
presented a valid and compelling case for the removal of that
designation and is cautiously optimistic of OTC's
response.
UPDATES ON
ACTIVITY
Hip Wynwood, a healthy oriented restaurant has
opened its doors and will soon announce a grand opening
event.
The CIGN farm is under construction
and the roofs have been partially installed and will be done
shortly.
We are getting ready to finish
construction and begin operating again within the next month or
so.
The Company is on track to file its annual
report for the year ended December 31, 2021 on a timely basis and
will continue to do its best efforts to move this company in the
right direction.
ABOUT 4CABLE TV
INTERNATIONAL, INC.
4Cable TV International, Inc. (OTC:
CATV) (the "Company") seeks to create and operate a fully
integrated global cannabis business, ranging from Seed to
Sale.
Cautionary Note Regarding
Forward-Looking Statements
Statements in this press release regarding
4Cable TV International's business that are not historical facts
are "forward-looking statements." Examples of forward-looking
statements include, among others, statements regarding the
Company's future business and prospects, strategic plans, and
strategic transactions and past results should not be construed as
indicative of future performance. Forward-looking statements are neither
historical facts nor assurances of future performance. Instead,
they are based only on the Company's current beliefs, expectations,
and assumptions regarding the future of its business, future and
strategies, projections, anticipated events and trends, the economy
and other future conditions. Because forward-looking statements
relate to the future, they are subject to inherent uncertainties,
risks and changes in circumstances that are difficult to predict
and many of which are outside of the Company's control. The
Company's actual results and financial condition may differ
materially from those indicated in the forward-looking statements.
Therefore, you should not rely on any of these forward-looking
statements. Important factors that could cause the Company's actual
results and financial condition to differ materially from those
indicated in the forward-looking statements include, among others:
general economic and financial conditions; consumer demand for
Cannabis products and services; volatility in the trading markets
and the lack of liquidity in the Company's common stock; the
Company's ability to successfully execute on its new Cannabis
strategy; the Company's limited operating history in the Cannabis
business; the legal status of the Company's Cannabis business, both
in the U.S. and abroad; risks inherent in the Cannabis business;
existing and new U.S. and foreign government regulations and
changes in regulatory requirements; risks related to rules and
regulations at the U.S. federal, state and municipal levels and
applicable foreign jurisdictions with respect to Cannabis; the
Company's ability to obtain financing or raise capital on favorable
terms or at all in order to execute its business strategy; the
Company's ability to successfully identify and integrate acquired
businesses; risks associated with conducting operations in foreign
countries; and risks associated with engaging in transactions with
third parties, including related parties. For a discussion of
additional general risks and uncertainties, which could cause
actual results to differ from those contained in the
forward-looking statements, see the Company's OTC Market
filings.
Any forward-looking statement made
by in this press release is based only on information currently
available to the Company and speaks only as of the date on which it
is made. The Company undertakes no obligation to publicly update
any forward-looking statement, whether written or oral, that may be
made from time to time, whether because of new information, future
developments or otherwise, except as required by law.
Company: CATV
Phone:1.833.211.3200
Location: Miami, FL
Email: info@4cabletvint.com
Website: www.4cabletvint.com