Pele Mountain Agrees to Letter of Intent with Bhang Corporation
Pele Mountain Resources Inc. (TSXV: GEM) announced on June 19th that the company has agreed to and entered into a non-binding letter of intent with Bhang Corporation. Pele Mountain would retain a 100% interest in Bhang through a transaction defined as a reverse take-over and would change the control of Pele Mountain.
The final terms and agreements of the transaction are yet to be fully determined by Bhang and Pele Mountain to account for tax instances, accounting, and other legal or regulatory prerequisites.
The letter of intent also contains terms for a mutual non-solicitation and exclusivity provision agreement. Under this Bhang has agreed to pay a $25,000 initial payment with $10,000 per month to meet Pele Mountain’s operating or working capital.
Pele Mountain Agrees to Letter of Intent with Bhang Corporation
About Cannin.com: Your Marijuana Stocks Resource
Cannin is your #1 resource for marijuana stocks. Our global team of experts evaluates all emerging marijuana stock investing opportunities. We aggregate hundreds of hours of research and provide tips on the best marijuana stock investments for 2020.
Use Cannin as your resource for:
- Cannabis and hemp investing news
- Featured cannabis and hemp company analysis
- Comprehensive cannabis and hemp stock reports
Is it too late to invest in marijuana stocks? No! This is the perfect time to invest.
Many market analysts expect the legal marijuana industry will have an annual value exceeding $75 Billion in the next decade. The time to invest in marijuana stocks is now.
Are you interested in marijuana stocks like Curaleaf, Trulieve, Aurora Cannabis, or Charlotte’s Web,?
Are you looking to buy stock in marijuana companies for 2020? Interested in emerging penny marijuana stocks? Looking for the best Canadian marijuana stocks to invest in? We can help.
Predict price movements of marijuana stocks several hours in advance with our proprietary algorithmic stock trading software.
- +25% Gains in 2020
- +49.8% Gains in 2019
- 108% Backtested since 2012
We’re so confident you’ll love our algotrading marijuana stock signals, we’re willing to give you a one-month risk-free trial to see it for yourself.
Profit from the best marijuana stocks – we’ll show you how at cannin.com.
Marijuana Stocks, Pot Stocks, Algorithmic Stock Trading, Best Hemp Stocks 2020
