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Fortitude Group Inc:Says Thomas Parilla, announces a Specific Asset Purchase Agreement with Cascade Technologies Inc.As part of this agreement all medical assets currently held by Fortitude Group Inc. will be sold to Cascade Technologies.Cascade has agreed to pay Fortitude $2,000,000 in common stock as consideration for this purchase.All Fortitude shareholders of record as of 5:00 EDT on June 13, 2014 will qualify to receive the shares of Cascade.The Official Effective date will be June 13, 2014 at 5:00 pm EDT.
Fortitude Group Inc:Receives an initial order of 5,000 VaporVites.The initial 5,000 unit order was received from a Colorado dispensary with 4 stores.
Fortitude Group Inc:Under agreement, Fortitude shall initially process orders for 10 dispensaries in Colorado with expansion of additional 70 dispensaries within next quarter.
Fortitude Group Inc:Successful launch of 420cashcard.com.Company has begun processing over 5,000 pre-order applications and will announce to public initial numbers after their first issuance is completed.
Fortitude Group Inc:Says the Board authorize a stock repurchase plan pursuant to which it may repurchase up to 100,000,000 shares of its common stock.
Fortitude Group Inc:Executed a Master Agent Agreement with eViteXchange.com.Say under the terms of the agreement, Fortitude will offer and facilitate closed-loop transaction processing to legal dispensaries in the medical marijuana industry as well as provide processing for entities in states that have legalized recreational marijuana sales.
Fortitude Group Inc:Says formation of three new majority owned subsidiaries.Says its Board of Directors has approved the formation of three new subsidiaries of the company.Says it has registered Fortitude Healthcare, Fortitude RE Holdings and Fortitude Technology as three majority owned subsidiaries.Says these newly formed corporations will be registered in Delaware and operated under separate management.Says each subsidiary will immediately take the necessary steps to file the required registration statements with the SEC, FINRA and State & Federal regulatory bodies with a goal to have the shares of each subsidiary traded as a separate public company in 2014.Says the three new subsidiaries listed above will provide a funding conduit for both Procap Funding and outside investors who want to capitalize on the growing healthcare sector without linking the performance of their investment to the other two subsidiaries.Says Fortitude Healthcare is being developed to consolidate the existing letters of intent which will complete the acquisitions the company has announced over the past year.
Fortitude Group Inc announces that it has entered into an agreement with Smart Workout Inc a Hi End fitness club located in East Midtown NYC. Under the terms of the agreement the Company will acquire 51% NOI of Smart Workout Inc.'s present and future operations. Financial terms of the transaction were not disclosed.
Fortitude Group Inc announced that Mr. Thomas Parilla accepted the promotion to Chief Executive Officer (CEO) for the Fortitude Group Inc. Mr. Parilla also currently serves as President. Effective as of this day Norman Birmingham, has tenured his resignation, to include his position on the Board of Directors, and as CEO.
Rounder Inc announced that it has acquired the formulation rights for a heart healthy nutraceutical product. Roughly one-third of adults use nutraceuticals and 15 million Americans use them together with conventional medicines. A study from the Mayo clinic found that 61% of those 18 years of age and older had used a nutraceutical over the past year. With sales of nutraceutical products increasing 25% per year in the United States, the US market for nutraceuticals is expected to reach $891 million in consumer purchases by 2013. The Company capture of just a small percentage of market share in this rapidly growing industry segment should result in substantial revenue for the company. Terms of the transaction were not disclosed.
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