Medical Cannabis Financial Group, Inc. Announces Merger Transaction With Refill Energy, Inc.
August 07 2013 - 1:47PM
Marketwired
Refill Energy, Inc. (PINKSHEETS: REFG), a Nevada Corporation (the
"Company") announces the merger between Refill Energy, Inc. and
Medical Cannabis Financial Group. Refill Energy, Inc. completed a
reorganization with Medical Cannabis Financial Group, Inc., which
is a software solutions company focused on solutions for the
Medical Marijuana industry. The resulting company, Medical Cannabis
Financial Group, Inc., will be headed by Chief Executive Officer,
Jeremy Roberts, and will continue its software development business
under the leadership of its current management. In completing the
Merger, former management cancelled its 312,500,000 of its common
shares of stock.
Medical Cannabis Financial Group intends to spin off Refill
Energy, Inc. from Medical Cannabis Financial Group's software and
payment solution business in a transaction that will result in two
independent and highly focused companies.
The spin off will be completed through a stock dividend to all
existing shareholders of Refill Energy, Inc. Subject to all
regulatory approvals, shareholders will own one share of the new
holding company, Medical Cannabis, and will receive one share in
the spin off of Refill Energy, Inc.
Jeremy Roberts said, "The software development and energy
development businesses have very different strategic goals, key
performance indicators and shareholder expectations. Because of the
synergies between these businesses is limited, we concluded that
separating them at this time would result in greater transparency
for our shareholders and allow the businesses to compete more
effectively in their respective markets."
Safe Harbor
FORWARD-LOOKING DISCLAIMER
This press release may contain certain forward-looking
statements and information, as defined within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the Safe Harbor
created by those sections. This material contains statements about
expected future events and/or financial results that are
forward-looking in nature and subject to risks and uncertainties.
Such forward-looking statements by definition involve risks,
uncertainties and other factors, which may cause the actual
results, performance or achievements of Medical Marijuana, Inc. to
be materially different from the statements made herein.
Corporate Contact: Medical Cannabis Financial Group, Inc.
Jeremy Roberts P. 702-706-7011 www.refg.co jeremy@refg.co
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