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

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