DENVER, CO – FutureLand Corp. (OTC PINK: FUTL), a leading provider of strategic real estate investment, grow facilities and material solutions to the global cannabis industry, announced today that they have entered into a binding MOU to purchase 50% ownership in 78 acres of land in Southern Oregon for $125,000 plus additional investment capital. The land is currently being developed into a recreational marijuana facility.
Cameron Cox, CEO of FutureLand Corp., said, “There are great opportunities all around us at this present time. However, the trick sometimes is picking the right partners with whom to do business. We believe we have found such a group in Southern Oregon with Hspendleton, LLC and Groovey Groves. The agreement to purchase 50% of Hspendleton, LLC property also gives FutureLand Corp. the first right of refusal on 265 acres owned by Groovey Groves in Wolf Creek, Oregon where a recreational license is currently pending. The plan is to immediately pursue a recreational license on the 78 acres as well once the appropriate growing infrastructure is in place to proceed. We have some very exciting plans for this particular grow site and I look forward to sharing that plan more extensively with everyone as we progress”.
Bruce Perlowin, CEO of Hemp Inc. (OTC PINK: HEMP), as well as their consulting division, continue to be great assets to the FutureLand Corp. network.
Our subsidiary FutureLand Oregon, LLC continues to negotiate a takedown on the 40 acre medical marijuana grow facility parcel referenced in our last press release and is actively trying to conclude the deal. FutureLand Oregon, LLC agreed to purchase the property for $975,000 in cash and expected to close a few weeks ago but encountered structural and documentation delays with reference to the closing. We are in the final steps to correct the documentation delays to finalize our purchase. Once the purchase is complete, FutureLand Oregon, LLC will file for a recreational license on the property.
About FutureLand Corp.
FutureLand Corp., a Colorado company, is a cannabis and hemp specialty zoned land leasing company formed to capitalize upon the emerging global cannabis market. FutureLand, focuses on target acquisition, zoning, license fulfillment, site plan preparation and financing of cannabis or hemp grow facilities throughout the United States. We give growers the opportunity to grow. We monetize through leasing the land, leasing the structures on the land, financing interest revenue and management fees associated with cultivation centers. FutureLand retains ownership of all the land and the structures. FutureLand leases to both medical marijuana, retail marijuana as well as industrial hemp growers. FutureLand does not currently grow, distribute or sell marijuana. To request further information about FutureLand, please email us at email@example.com, log onto our website at http://www.futurelandcorp.com, or visit us on FB @ futurelandcorp and Twitter @futurelandcorp.
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