Wealthcraft Capital Inc. Announces Letter of Intent to Purchase a Nevada Licensed Cannabis Producer
October 15 2018 - 8:33AM
InvestorsHub NewsWire
Wealthcraft Capital Inc. Announces Letter of Intent to
Purchase a Nevada
Licensed Cannabis
Producer
Los Angeles, CA -- October 15, 2018 -- Investorshub
NewsWire -- Wealthcraft Capital Inc. (OTC PINK:
WCCP) ("Wealthcraft" or the "Company") is pleased to announce
that it has entered into a binding letter of intent to negotiate a
definitive agreement to purchase a controlling interest in a
licensed cultivator of cannabis located in Las Vegas, Nevada.
The acquisition will include both medical and recreational licenses
for cultivation and an operating production facility in the Las
Vegas area.
As
part of the acquisition, Wealthcraft will also obtain an option to
acquire a controlling interest in a medial cannabis company which
is an applicant to become a manufacturer of cannabis for
research.
“We are extremely pleased to announce this
partnership with a group of Nevada physicians who are focused on
the development and research of clinical applications of cannabis
to pain management and addiction recovery” said Robert Wilson,
President of
Wealthcraft.
The transaction includes a $200,000 deposit of which
50% is non-refundable in the event that the parties do not execute
definitive agreements before December 3,
2018.
About
Wealthcraft:
Wealthcraft Capital is
focused on acquiring private companies that have a focus on the
improvement of physiological and psychological wellness. The
Company intends to acquire controlling interests in businesses that
have products and brands that can be introduced to new markets such
as patient-based facilities and clinics. Through education and
feedback from these markets, the Company plans to assemble the data
necessary for further product development and clinical
research.
This Press Release contains certain
“forward-looking statements” as such term is defined in Section 21E
of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”). These statements reflect our current expectations regarding
our possible future results of operations, performance, and
achievements. Wherever possible, the Company has tried to identify
these forward-looking statements by using words such as
“anticipate,” “believe,” “estimate,” “expect,” “plan,” “intend,”
and similar expressions. These statements reflect our current
beliefs and are based on information currently available to us.
Accordingly, these statements are subject to certain risks,
uncertainties, and contingencies, which could cause our actual
results, performance, or achievements to differ materially from
those expressed in, or implied by, such statements. Further, the
safe harbor provisions of the Exchange Act may not apply to an
issuer that issues penny stock. These statements speak only as of
the date of this press release. Actual results may differ
materially from those indicated by such forward- looking statements
as a result of various important factors. The Company does not
assume any obligation to update any forward- looking statements to
reflect events or circumstances after the date of this Press
Release except as required by applicable
law.
Please contact Adam Sexton on 1-310-564-1240
adam.sexton@wealthcraftcapital.com
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