Pure Harvest Cannabis Producers Inc. and other buyers acquired a 25% stake in Caleminder Inc. for $0.05 million.
May 04, 2017
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Pure Harvest Cannabis Producers Inc. and other buyers acquired a 25% stake in Caleminder Inc. for $0.05 million on May 1, 2017. The purchase price represents a price of $0.022 per share. Under the terms of the transaction, Pure Harvest acquired 0.66 million shares of unrestricted common stock of Caleminder. In a related transaction, Pure Harvest Cannabis Producers Inc., David Lamadrid and others acquired a 75% stake in Caleminder Inc. from Shira Halperin for $0.25 million on May 1, 2017. Post deal, David Lamadrid was appointed as a director and as the Chief Executive Officer and President of Caleminder and Shira Halperin resigned as an officer of Caleminder and agreed to resign as director of the Caleminder upon request by Pure Harvest. Pursuant to agreements entered into by Pure Harvest with certain purchasers of the unrestricted shares, Pure Harvest agreed to submit to Caleminder for cancellation of all 6.1 million shares purchased by it.
Pure Harvest Cannabis Producers Inc. and other buyers completed the acquisition of a 25% stake in Caleminder Inc. on May 1, 2017.
Pure Harvest Corporate Group, Inc. manufactures, distributes, and sells a range of cannabis products including hemp/ cannabidiol (CBD) and marijuana/ tetrahydrocannabinol (THC) consumer products. The Company's THC product line at its Dumont dispensary includes bulk flower, pre-rolls, and THC concentrates. The Company also sells THC distillate as an ingredient or raw material to other licensed marijuana infused products manufacturers within the State of Colorado along with wholesale THC concentrates, such as wax and shatter. It operates various segments of the cannabis and hemp- CBD industries with a focus on health and wellness products and applying education, research and development, and technology to each sector. It is also involved in the acquisition and operation of licensed marijuana cultivation facilities, manufacturing facilities, and dispensaries.