Item 1. Business
Background information
OUR HISTORY
"We", "us", "our"
and "FutureWorld" refer to FutureWorld Corp., a Delaware corporation.
The history of our incorporation
and our ownership, in chronological order, is as follows:
●
|
We were incorporated in Delaware on July 22, 2002.
|
|
|
●
|
On June 11, 2014, the Company changed its name to FutureWorld Corp from FutureWorld Inc.
|
Current Operations
The address of our executive offices is: 10901
Roosevelt Blvd, Suite 1000c, Saint Petersburg, FL 33716 and our telephone number at that address is 727-474-1816. The address of
our web site is www.futureworldcorp.com. The information at our web site is for general information and marketing purposes and
is not part of this annual report for purposes of liability for disclosures under the federal securities laws.
FutureWorld (FWDG), a Delaware corporation, is a leading
provider of advanced technologies and solutions to the global cannabis industry. FutureWorld, together with its subsidiaries, focuses
on the identification, acquisition, development, and commercialization of cannabis related products and services, such as industrial
Hemp. FutureWorld, through its subsidiaries, provides personal and professional THC and CBD test kits, pharmaceutical grade CBD
oil solutions, SafeVape vaporizers, smart sensor technology, communication network, surveillance security, data analysis for smart
cultivation and consultation for the industrial hemp and legal medicinal cannabis. Our wireless agricultural smart sensor networks
offer precision to the agriculture, irrigation systems, and greenhouses for the global cannabis and hemp industry. FutureWorld
and its subsidiaries do not grow, distribute or sell marijuana.
As the only Cannabis Technology Accelerator, FutureWorld
will incubate and fund leading technologies, products, and services for Cannabis industry (Industrial Hemp) for foreseeable future;
bringing value to its core and its shareholders.
FutureWorld Corp. is seeking to acquire minority or full
interest in currently operating companies and disruptive technologies in the Industrial Hemp/Medical and Recreational Cannabis
Industry globally; such as vaporizers, lab testing, tracking systems, security, CBD oil, testing kits, financial solutions, dispensaries
and other needed components. Our goal is to provide our acquired companies, current and future shareholders a clear strategy for
the growth of their companies and their investment in those companies.
We currently provide multiple products that supply the
burgeoning cannabis industry. The "picks and shovel" business model capitalizes of selling enterprises associated with
the Industrial Hemp and Medical Cannabis industries products that are essential in their success. Our products solve long standing
problems in cultivation, processing, and retail sales for industrial hemp and medical cannabis. The following divisions will continue
to delve even further into purchasing existing products or developing brand new products as the wholesale and retail space continues
to evolve. In addition, one primary focus is to manufacture, market, and sell products containing hemp derived CBD oil. We
are invested in the following portfolio companies as subsidiaries;
NutraCann Labs, Inc, - CB Scientific, Inc, - URVape,
Inc, - HempTech Corp. - FutureLand Corp. - Bioceudical Sciences
NutraCann Labs Inc.
CBD Oil- CBD is one of at least 60 cannabinoids found
in hemp, and is non-psychoactive. The Cannabidiol "CBD" is a compound in cannabis that has significant medical
effects, but does not make people feel "high" and can actually counter the psychoactive effects of THC. The reduced psychotropic
of CBD-rich cannabis makes it an appealing treatment option for patients seeking anti-inflammatory, anti-pain, anti-anxiety, anti-psychotic,
and/or anti-spasm effects without disconcerting lethargy. Scientific and clinical studies underscore CBD's potential as a
treatment for a wide range of conditions, including rheumatoid arthritis, diabetes, alcoholism, MS, chronic pain, schizophrenia,
PTSD, antibiotic-resistant infections, epilepsy, and other neurological disorders. CBD has demonstrated
neuro-protective and neurogenic effects, and its anti-cancer
properties are currently being investigated at several academic research centers in the United States and elsewhere.
The present usage for CBD oil in the United States is
estimated to be approximately 1,000-2,000 Kilograms a year and growing and with a yearly value of around $200,000,000. Currently,
the apparent current competitors are; CannVest, Inc. and Medical Marijuana, Inc., which own portions of each other's companies,
are the primary supplier of CBD oil in the United States. They supply the product in bulk to affiliate distributors and sell it
retail in plastic tubes that are refined up to three levels. Real Scientific Hemp Oil™ is their trademark name.
NutraCann Labs has sourced its own CBD oil from Europe.
We are also developing plans to fund an overseas hemp cultivation project to provide a consistent and reliable supply to the United
States and beyond. Currently, industrial hemp cultivation is legal in twenty countries around the world. NutraCann's products are
sold under the brand name "cbdessence" on CBDESSENCE.COM.
NutraCann Labs will process the CBD oils that will be
sold through our online presence for retailing industrial hemp oil-based Cannabidiol (CBD) nutritional supplements, wellness and
personal care products and vapable CBD oils. NutraCann Labs will market items such as CBD oil, CBD infused edibles & multiple
hemp related items and cross market our vaporizers from URVape.com. NutraCann Labs will be featuring scientific grade hemp oil
which is highly sought after around the world. We will sell already recognizable brands including our own brands and drive internet
sales through ads, videos, social media and Search Engine Optimization.
The global Nutraceutical market is projected to be in
excess of $200 billion by 2015 and the current US Nutraceutical and Dietary supplement market is valued at around $42 billion.
CBDESSENCE.com and URCBDOil.com will be at the forefront of this massive marketplace with significant opportunities. Cannabinoids
(non-psychoactive CBD) have been found to have antioxidant properties, unrelated to NMDA receptor antagonism. This new found property
makes cannabinoids useful in the treatment and prophylaxis of a wide variety of oxidation associated diseases, such as ischemic,
age-related, inflammatory and auto-immune diseases.
CB Scientific, Inc.
CB Scientific, Inc. a wholly owned subsidiary based in
Denver Colorado has developed new technologies specifically for cannabis analytics. Charles Steinburg, President of Herbal Synergy
and Acting Vice President of CB Scientific Division, has been one of the main men behind gas chromatography testing in Colorado.
Charles Steinberg's credentials will prove to be an asset to CB Scientific He has been a judge at several High Times Cannabis Cups.
CB Scientific introduced the first ever personal cannabinoid detection kits. These kits test all your products in-house and at
your own convenience. These tests are quick, easy, and effective. CB Scientific's new PERSONALANALYTICS THC & CBD detection
kit is the first simple, quick and accurate consumer THC & CBD test which will give you're an accurate reading of THC or CBD
in any product you purchase, manufacture, or grow While many medical and recreational products are sold with cannabinoid
levels listed, these numbers are often not representative of what is being sold.
URVape, Inc.
URVape™ is our brand name vaporizer pen which is
sold with a charger and refill bottles. We market the product at URVape.com. It is our own trademarked vaporizer being marketed
and sold online and in retail shops. The product is cutting edge design and requires puffing on the pen to facilitate battery use.
The URVape vaporizing pen is sleek and lightweight. URVape will initially have oil vaporizers available and dry herb versions available
in the coming months.
URVape was started to contribute to the current revolution,
which has become an international phenomenon, known as the "Vaping" industry. URVape began test marketing OEM branded,
off-the-shelf oil vaporizers, whose design and utility was well received, and which promulgated our first vendor agreement in the
state of Colorado.
After studying the marketplace, with more than 466 vendors
attempting to reach nicotine consumers, we recognized early on that there were unsupported claims and deficiencies in the products
and e-liquids being sold. Product deficiencies were noted in the devices being used in combination with e-liquids, which, together
could be producing harmful elements. Consequently, these elements are being inhaled as a result of heating the contents of the
e-liquids, thereby producing potentially harmful changes to the initial ingredients. As a result, URVape has dedicated itself to
providing products that are free of any substances which, when heated for vaping, could be harmful.
URVape has entered into an exclusive Non-disclosure/Non-compete
contract with one of the foremost international vaping products manufacturers. Through our in-house Product Development personnel,
and through the hiring of a consultant whose area of expertise is microbiology, specific to cannabis and vaping, we have developed
two primary device changes that are being patented. These
changes are designed to produce safe devices, built with
safe materials, and to exact temperature specifications suited to a variety of e-liquids that we will bring to market.
We are also developing new methods of producing, packaging
and flavoring a variety of e-liquids with the intention to provide consumers with happy, healthy and potentially curative products.
URVape's plans include the installation of its own laboratory
along with a "clean room" for production of its products. The goal is to become the market leader of safe vaping materials.
To that end, URVape has Trademarked "SafeVape" for use in describing the technologies utilized in bringing both devices
and e-liquids to the marketplace.
The E-cigarette, Cannabis and Herbal vaping industry
is an ever growing and evolving industry. Business models need to be constantly adjusted and configured based on all moving parts.
But we are fortunate to be part of this historical moment in time where consumers around the globe will finally have access to
natural plant derivatives to enhance their health and enjoyment without the inherent side effects of synthetic medicines. URVape
will be part of that historical moment creating technologies for the delivery of its specialized, researched products. With the
decriminalization and legalization of cannabis for medicinal and recreational use in many states and countries throughout the world
the adoption of electronic vaporizing by the world's 1.2 Billion smokers - eCig or vaporizer market is the fastest market within
the tobacco (free) industry and estimated to be a multi-billion dollar industry within a few years.
Purchase and Sale Agreement with Net:X America Inc.
On December 10, 2015, FutureWorld Corp, a Delaware
Corporation ("FWDG"), entered into a Purchase and Sale Agreement (the "PSA") with Net:X America Inc., an Oregon
Corporation, located in Portland, Oregon (hereinafter referred to as "CBSC" or "Buyer"), to sell all of the
assets of CB Scientific, Inc. (hereinafter referred to as "CB" or "SELLER"), which is a private Colorado Corporation,
for stock. On February 10, 2016, FutureWorld Corp closed the CB Scientific Sale transaction. The Sale will be effective as of February
17, 2016 pending the completion of restructuring of CBSC due on February 16, 2016.
Consideration for the sale and purchase of the Sellers
Assets shall be in the form of financing commitment, shares of the Corporation as well as other items as set forth herein and as
follows (collectively the "Consideration"):
a. A purchase price paid for by the issuance of
57,105,263 shares of Common stock, par value $0.001, on the Closing Date (after recapitalization on February 17, 2016) to CB Scientific
shareholders. All such common shares shall be received of the CBSC common shares under the requisite restriction of Rule 144 of
the Securities Act.
b. CBSC shall also issue to CB One share of Preferred
Series A2 of CBSC with a thirty percent (30%) dividend of the yearly gross cash flow of the operations of CB. Such share shall
not be sold or delivered to any party except for CB as a corporation. The rights to the dividend of revenue shall be designated
by CB within thirty days of the execution of this agreement. Future revenue distribution shall be subject to separate agreement.
CB will also receive thirty percent (30%) dividend of the yearly gross cash flow of any other operations, projects (Labs, schools,
etc.) delivered by CB to the Company.
c. CB shall with execution of this agreement be
entitled to 25,000,000 shares of the common stock warrant of CBSC with the price for such warrant exercise being based on a 50%
discount to the closing price of the stock on the date of execution of this agreement (post reverse capitalization). Such warrants
shall be exercisable for a period of two years from the date of this agreement.
The Company has agreed, subject to certain exceptions
with respect to unsolicited proposals, not to initiate, facilitate, solicit, encourage (including, without limitation, by way of
furnishing non-public information) or accept any inquiries regarding, or the making of any proposal or offer that constitutes,
or could reasonably be expected to result in, an "acquisition proposal" or engage in, continue or otherwise participate
in any discussions, communications or negotiations regarding an acquisition proposal. The Company also has agreed that its Board
of Directors shall not approve or recommend, or publicly propose to approve or recommend, to the Company's shareholders any acquisition
proposal or approve, authorize or permit or allow the Company to enter into any agreement, arrangement or understanding with respect
to any acquisition proposal or enter into any agreement, arrangement or understanding in principle requiring the Company to abandon,
terminate, or fail to consummate the transactions contemplated by, or breach any of its obligations under, the Asset Purchase Agreement.
The Asset Purchase Agreement also contains representations,
warranties and indemnification obligations of the parties customary for transactions similar to those contemplated by the Asset
Purchase Agreement. Such representations and warranties are made solely for purposes of the Asset Purchase Agreement and, in some
cases, may be subject to qualifications and limitations agreed to by the parties in connection with the negotiated terms of the
Asset Purchase Agreement and may have been qualified by disclosures that were made in connection with the parties' entry into the
Asset Purchase Agreement.
In addition, certain representations and warranties set
forth in the Asset Purchase Agreement may have been used for purposes of risk-allocation between CB and CBSC rather than establishing
matters of fact. The representations and warranties contained in the Asset Purchase Agreement were made solely for the benefit
of the parties thereto. Persons not party to the Asset Purchase Agreement, including, without limitation, the Company's shareholders
and other investors, should not rely on the representations and warranties contained in the Asset Purchase Agreement, or any descriptions
thereof, including those contained in this Current Report on Form 8-K (this "Report"), as characterizations of the actual
facts or conditions applicable to CB product lines or any of the Company's other product lines or subsidiaries.
HempTech Corp:
HempTech Corp has several products available specifically
geared to helping cultivators of industrial hemp and medical cannabis maximum yields while helping to control costs. CaNNaLyTiX™
, SPIDer™, SmartSense™ ,Smart.NRG™ , and CaNNaTRAK™.
CaNNaLyTiX™
"A picture is worth
a thousand words" and being able to visualize all the various aspects of a cultivation enterprise solves challenges before
they become problems. CaNNaLyTiX™ is a dashboard controller system that allows the various computer systems to be integrated
throughout a cultivator's infrastructures. Using state-of –the-art API connecting software packages, CaNNaLyTiX™ can
allow all computer systems to be monitored with the ease of a smartphone app and the robust hardware of integrated servers or cloud-based
application.
CaNNaTRAK™
- the next generation of
barcode & RFID tracking systems for keeping pace with the extensive demands of seed to sale tracking of Hemp/Cannabis for state
compliance. We are currently developing "game changer" modifications that will make it the ultimate software system
in the industry. CannaTRAK's Asset Tracking Management Software automates the major aspects of the Asset Life Cycle. The
Product suite is made up of modules, which are able to operate independently of one another, are able to be configured to work
together, or to be integrated with non-native applications. CaNNaTRAK™ software easily tracks assets using bar coding, radio
frequency (RFID), imaging, and wireless technologies. CaNNaTRAK™ software is designed under the client/server architecture,
is multi-user and menu-driven following industry-standard MS Windows protocols and graphical user interfaces. CaNNaTRAK™
applications are compatible with MS Windows XP, Vista, Windows 7 & 8.1 operating systems and with SQL Server 2008 through 2013.
CaNNaTRAK's mobile information applications are compatible
with Windows Mobile devices and are tightly integrated with; bar coding, RFID, GPS, imaging, biometrics and wireless technologies.
Due to the State law, legal governance, compliance and tax reasons, we believe CaNNaTRAK™ will be an invaluable tool for
legal compliance and profitability from growers to dispensers of the legal medicinal marijuana. Over the past decade, 22 states
have approved the use of medicinal marijuana. Medicinal marijuana has become an alternative to traditional treatments for patients
with clinical diseases such as cancer and HIV/AIDS. The medicinal marijuana market is estimated to be valued in the billions of
dollars initially and may provide hundreds of millions of dollars tax revenue for the state's tax coffers.
We believe compliance and governance will be a big concern
for the state offices overseeing the cannabis lifecycle and CaNNaTRAK™ will be an invaluable tool to comply and monitor for
the medicinal marijuana industry. Our competition presently consists of the MITS system being used in the state of Colorado,
the BioTrackTHC system being used in the state of Washington, and MJ Freeway. Certainly we will look to enter every burgeoning
market throughout the United States.
SPIDer
(Secure Perimeter Intrusion Detection
Network) is a system to meet the needs of theft and malicious attacks. While the economy is seeing improvement, theft, site destruction,
and malicious activity are still happening at an alarming rate and within the legal Cannabis/Hemp industry surging forward we can
expect no change particularly because of its specific draw. The SPIDer systems consist of 3 levels of detection to identify intruders
and threats in areas that are restricted.
The first level utilizes an electronically charged coaxial
cable woven into your chain link fencing. Excessive fence movement will set off an alarm through your network notification system
that someone is attempting to enter your facility. This is a very cost effective means to secure your site to meet security requirements
for your company. The second level consists of a visual intrusion monitoring system. It is a wireless, battery operated,
and connected through the cellular network. It provides 24/7 monitoring and notification through the internet and email system.
Once an intruder is identified an alarm is sent to the security team with a picture that allows you to identify if this is an authorized
or unauthorized person.
The network system can quickly be deployed and moved
to provide security coverage as needed. The third level is a multi-level detection and verification system that uses both
level one and level two to rapidly identify a potential intruder and provide you information for a rapid decision. The combination
of the two systems provides the additional barriers for quick action. Sometimes seconds are critical in preventing serious damage
or theft at your site. The command center software provides intrusion notification to
your network center and to individuals via email. For
level two and three you receive a picture that enables you to make a more informed and quicker decision concerning your action.
The SPIDer solution addresses the potential threat facing
the entire Cannabis/Hemp industry. With this system you are able to supply your security team with information that enables them
to be proactive in addressing these costly activities. Compliance with state rules and regulations for the Cannabis/ Hemp
industry is going to be essential. Though there are many security companies on the market, few are adapting themselves to
the Cannabis industry.
SmartSense
- offers wireless security and
smart sensor mesh network for precision agriculture, irrigation systems, and greenhouses for the hemp industry. Our Smart Agriculture
models allow monitoring multiple environmental parameters involving a wide range of applications with smart sensors such as Leaf
Wetness, Atmospheric Pressure, Solar Radiation, Air Temperature / Humidity, Soil Temperature / Moisture, Ultraviolet Radiation
etc. The smart sensor information will be collected and sent via the cloud to the central office for analysis and procedural modifications.
FutureWorld is not aware of any another competitor in the United States. FutureWorld, through HempTech plans on marketing
the product to large and medium sized grow facilities since they will have the greatest need.
SmartNergy
- offers tools to analyze every
aspect of a cultivator's energy usage. Being fully integrated with CaNNaLyTiX™, one can visualize energy consumption in real-time
and track historical usage. The software's predictive functionality also helps optimize energy use challenges proactively. We believe
a cultivator's huge electric bills can be scaled back when the entire grow is looked at as a complete and fully integrated operation.
CaNNaBoX™
- Much like a bank ATM,
the CaNNaBoX™ machine operates with the swipe of a card, which will verify identity, age and prescription information of
a medical marijuana patient before releasing measured packages of marijuana. The advantage is you will not have to be waited on
by an assistant if you don't require consultation and the store location is busy. The machine is capable of holding several
hundred items in multiple forms of marijuana. CaNNaBoX™ is a secure robotic device specifically designed for dispensing cannabis
products in secure prepackaged amounts, in complete accordance with state law requirements, in licensed dispensaries, and only
to legal buyers.
FutureWorld has teamed up with American Green to brand
the Zazzz Dispensary machine with the CaNNaBoX™ logo and distribute the product across the United States and possibly worldwide.
Presently the Zazzz machine presented by American Green, which is first to the market, MedBox Inc.'s machine, and a vending machine
product by Endexx Corp also distribute the product. The model for FutureWorld is to bring 1500 units to market within a couple
years in accordance with our JV goals alongside American Green and its Zazzz machine.
There will be a revenue sharing agreement with American
Green and FutureWorld for every placed CaNNaBoX™ machine via monthly leasing and transaction costs. We are currently
putting together the details of the JV with American Green and beginning the marketing and design phase of our product. Revenues
are purely a function of quantity at this point. A monthly leasing fee of approximately $150 dollars a month and a transaction
cost somewhere between $1.50 and $2.00 per. Competing brands are to look for a large upfront expenditures from dispensaries
for the machines which we believe will make their sales model harder to actual achieve sales nationwide.
CaNNaBoX™ will be marketed exclusively through
our new dispensary division, DispenseTek. DispenseTek was created to market and sell dispensary related products and services
including but not limited to CaNNaBoX™. It is important to understand, CaNNaBoX™ robotic dispensaries are secure
delivery and control systems for use in licensed cannabis dispensaries and not "vending machines". Their specific design
benefits public safety, governance, dispensaries, and consumers.
HempTech has also signed an agreement with Colorado Flower
Company to provide turnkey state-of-the-art technology for their grow facility which is being built on our land in Colorado. The
contract calls for $1.5M and the technology is leased at $190K per month for five years.
Purchase and Exchange Agreement with Building Turbines,
Inc
On February 26, 2016, Shareholder (hereafter referred
to as "Selling Holder" or by name) of Building Turbines, Inc. which is a publicly held Nevada Company (HTCO), entered
into a purchase and exchange agreement with FutureWorld Corp. (hereafter referred to as "FWDG") a Delaware Corporation
and its partially owned subsidiary HempTech Corp., (hereafter referred to as "HTC"), a Delaware Corporation, to deliver
to FutureWorld and HempTech Shareholders, the certain share holdings of Building Turbines, Inc., as an exchange for such consideration
as set forth in the agreement. In effect, post transaction, Building Turbines, Inc., will become HempTech Corp through change in
control.
On March 11, 2016, FutureWorld Corp closed the HempTech
Corp-Building Turbines transaction. The transaction will be fully effective with the completion of restructuring of HTCO due when
approved by FINRA.
Consideration for the purchase and exchange agreement
is as follows (collectively the "Consideration"):
In return for those shares of HTCO as designated, the
HTCO selling holder, John Graham, shall receive, post-reverse division, an amount of common shares of the Corporation which will
be equal to nine and nine tenths percent (9.9%) of the total outstanding common shares of the Corporation ("Exchanged Shares")
after such reverse division occurs and the initial post-reverse issuance occurs. The amount of shares to be initially issued shall
for such 9.9% of the total outstanding common shares after the reverse division shall be 6,187,594 common shares.
FutureLand Corp.
On October 06, 2014, the Company has formed a 100% owned
subsidiary: FutureLand Properties, LLC in the state of Colorado. FutureLand's primary purpose is to purchase properties for lease
back or lease to Hemp farmers and medical cannabis growers. FutureLand Properties purchased a 240 acres of agricultural land in
the southern Colorado. FutureLand Properties, LLC, closed on 237 acres in southern Colorado on October 30th, 2014 for the purpose
of leasing to licensed Cannabis and Hemp growers. The decision was made based on increased demand for medical and recreational
cannabis and loosening of some restrictions in Colorado. We believe the future of cannabis grows will belong to large state-of-the-art
facilities much like agricultural industry. In Colorado and other legal states, only few large cannabis grow facilities will remain
which would allow for easier supervision and administration by the State and Federal government.
FutureLand Corp. (FUTL), is a leading provider of strategic
real estate investment and grow facilities and solutions to the global cannabis industry. FutureLand merged with Aegea Inc in March
2015 and have gone through the process of getting new ticker symbol established and approved through FINRA and became a public
company. We believe this will be a real boon for shareholders as we expect great things from FutureLand Corp. in the not too distant
future. We are also in the process of clearing the S1 for filing with SEC. Initial documentation is the substantial part of the
process. FutureLand has been very busy building a sustainable business plan and laying the groundwork for an incredible and productive
year.
Recent Company Events
On October 17th, 2014, Mr. Cameron Cox was selected as
CEO of FutureLand Properties, LLC. Company's initial land and property acquisition strategy will be geared toward negotiating,
leasing or acquiring hemp farms and legal medical marijuana dispensary locations nationwide. Negotiating property locations for
Hemp farming and, especially, medical marijuana dispensaries with quality control-labs will be a key factor in success. With thousands
of dispensaries popping up nationwide and thousands of acres of land that will be earmarked for hemp farming, the Company sees
great opportunity to be part of the land or location deal transactions.
On March 10, 2015, an Exchange Agreement was entered
(the "Agreement"), by and among certain shareholders and debt holders of the Company, representing the majority of the
outstanding shares of the Company ("the AEGA Holders"), and FutureWorld, Corp. (hereafter referred to as "FWDG"),
a Delaware Corporation which is the owner of the wholly owned subsidiary, FutureLand Properties, LLC, (hereafter referred to as
"FLP"), a Colorado Limited Liability Corporation. Additionally, on June 1, 2015, FWDG, as sole member of FLP resolved
that effective with the Exchange Agreement dated March 10, 2015, FWDG sold all rights, title and ownership of FLP to the Company,
including all member units, assets, intellectual property, contracts, leases, and real property which includes 200 acres in La
Vita, Colorado.
In connection with the Exchange Agreement, the Company
issued an aggregate of 27,845,280 shares of its common stock to FWDG and or its assignee. FWDG and the AEGA Holders entered into
the purchase and exchange agreement where the AEGA Holders agreed to deliver to FutureWorld their shareholdings in the Company
in exchange for certain actions, including AEGEA Holders resignation as directors and officers of the Company and the simultaneous
appointment of two directors as designated by FLP. In return for the AEGEA Holders shares of the Company, in combination with certain
debt forgiveness totaling $100,000 by the AEGEA Holders, the AEGA Holders shall receive, an amount of shares to be equal to 4.9%
of the outstanding shares of the Company calculated after the reverse stock split which became effective on May 1, 2015. Such shares
as held by the AEGA Holders which are surrendered in return for the new exchange shares to be issued, shall be cancelled in such
exchange and returned to treasury. Such exchange shares when issued shall contain certain anti-dilutive rights whereby the AEGEA
Holders shall receive additional shares for a period of one year from the date of issuance in order to retain 4.9% of the outstanding
shares of the Company, issuable within ten days of the end of each fiscal quarter following such initial issuance. Pursuant to
the Agreement, all assets of the Company, including all intellectual property, contractual rights, business plans, architectural
works, property rights, and other valuable matters, shall be
sold to the AEGA Holders, into a new private entity formed
at their direction, control and benefit, in settlement for another $100,000 in debt due to AEGEA Holders by the Company and certain
liabilities will be assumed by the new private entity.
In May 2015, the Company changed its name to FutureLand,
Corp. and effected a 1 for 400 reverse stock split of the Company's common stock.
Our Strategy
Our strategic plan consists of the
following:
|
1.
|
Continued expansion of our worldwide network of hemp farmers.
|
|
2.
|
Establish the infrastructure to grow hemp domestically in accordance with federal and state law
|
|
3.
|
Continue to develop our product offerings containing natural, hemp-based CBD.
|
|
4.
|
Continue research and development to characterize additional cannabinoids to drive continued product development.
|
|
5.
|
Continue to develop our manufacturing process on our CBD and THC test kits and seek patent protections for our unique processes.
|
|
6.
|
Evaluate strategic acquisitions
|
Hemp – an Overview
Hemp is an industrial plant related
to marijuana. Fiber from the plant has long been used to make paper, clothing, rope and other products. Its oil is found in body-care
products such as lotion, soap and cosmetics and in a host of foods, including energy bars, waffles, milk-free cheese, veggie burgers
and bread.
Numerous uses exist, including hemp
plant extracts that are used as a medicine, nutritional supplements and food sources. Beyond this, applications into textiles,
building materials, bio-fuels, paper, bio-plastics, livestock feed/bedding as well as personal care products are readily available.
Hemp is a cousin to marijuana as
both are classified under the same biological category of Cannabis L Sativa. The basic difference between the two is that marijuana
has significant amounts of tetrahydrocannabinoil (THC) (5–20%), a psychoactive ingredient; whereas hemp has virtually no
THC (less than 0.3%). This 0.3% THC in hemp is not high enough to provide the colloquial "high" to support recreational
usage. Typical marijuana ranges from 5–20% THC for psychoactive usage. Canada, China and the United Kingdom are examples
of major industrialized countries that have grown hemp responsibly and thrived from their endeavors.
Changes in the Law and Development
Programs
For the first time since 1937, industrial
hemp has been decriminalized at the federal level and can be grown legally in the United States, but on a limited basis. A landmark
provision in the recently passed Agricultural Act of 2014 recognizes hemp as distinct from its genetic cousin, marijuana. Federal
law now exempts industrial hemp from U.S. drug laws in order to allow for crop research by universities, colleges and state agriculture
departments. The new federal law, written by U.S. Rep. Jared Polis (D-CO) and U.S. Sen. Mitch McConnell (R-KY), allows for agricultural
pilot programs for industrial hemp "in states that permit the growth or cultivation of hemp."
Market, Customers and Distribution
Methods
The market, customers and distribution
methods for hemp-based products are large and diverse. These markets range from hemp-based bio plastics to textiles. This is an
ever-evolving distribution system that today only has a few outlets in mainstream commercial and retail stores. However, we believe
that as awareness grows for the "green," environmentally-friendly products derived from hempcannabis, the industry will
adapt its current product lines to integrate them with hemp-based additives or replace harmful components in their existing products
with the components of hempcannabis.
To understand the market and consumers
as well as distribution methods, we have studied all the uses of hempcannabis and its legal structure in the U.S. and abroad,
including in the European Union, Africa and Latin America. There are more than 50,000 known uses for hempcannabis based products,
most of which were used in the past and were replaced by cotton, petroleumoil, concrete, corn and soybeans. We believe the market
potentially represents trillions of dollars in worldwide product sales. We will focus on the products management feels will have
the greatest positive environmental impact, profitability and ease to market. These tend to be new, innovative
products as well as the replacement
of raw base materials for products that exist today, such as plastics, fuel, textiles, foods and medical delivery devices.
Our target customers are first and
foremost end consumers via Internet sales, direct-to-consumer health and wellness stores, collectives, cooperatives, affiliate
sales and master distributors. Secondarily, we are targeting manufactures of products that can readily replace their raw base materials
for our base materials, making the products more environmentally friendly and sustainable. Next, we will target retail stores with
major distribution companies who have preexisting relationships with major retail chain stores. As we continue to develop our business,
these markets may change, be re-prioritized or eliminated as management responds to consumer and regulatory developments.
Intellectual Property
We have filed trademark applications
on our brands, logos and marks including CaNNaBoX, URVape, CannaTRAK, CannaBIT, HempTechRx, CaNNaLyTiX, DispenseTek, ejoint, URCig,
and SmartVape. We review our intellectual property portfolio on a periodic basis and we will continue to broaden our portfolio
in a fiscally prudent manner. We intend to file for patent protection on certain products and methods important to our business,
as those processes are developed and patentable.
We rely on a combination of patent
and trademark filings, laws that protect intellectual property, confidentiality procedures, and contractual restrictions with our
employees and others to establish and protect our intellectual property rights. As of July 14, 2015, the Company is preparing to
file five patents applications with USPTO. Patent applications will be a combination of Utility and Design patent applications
that provide coverage around certain core Company technology. If issued, Design patents provide protection for 15 years from the
date of issue. Utility patents provide protection for 20 years from the earliest non-Provisional application filing date. Subject
to ongoing use and renewal, trademark protection is potentially perpetual.
Research and Development
We opened a laboratory facility
in Denver, Colorado in May 2014. Our lab specializes in process development and product testing. We incurred research and
development expenses of $ 57,509.05 at the time of this document. We opened another lab at our location in Saint Petersburg, FL
in January 2015. The lab, Bioceutical Sciences, is a new avant-garde laboratory, professionally run production, formulation, and
analytics lab working on their ISO/IEC 17025:9001 and CGMP certifications to establish themselves as one of the most premier cannabis
related research and production labs in the country. A well-seasoned team mentored by some of the most prominent cutting-edge scientists
from around the world will be bringing these and many more processes to the fore:
·
|
Water-soluble Cannabidiol
|
·
|
Convergence, high pressure liquid, gas, and thin layer chromatography methods
|
·
|
Mass Spectrometry (molecular mass)
|
·
|
Liposomal formulations
|
·
|
Electron microscopy (SEM and TEM)
|
·
|
Supercritical extraction and chromatography
|
·
|
Research consultation
|
Currently Bioceutical Sciences(TM)
manufactures, designs, processes and develops the following:
·
|
(Hemp) CBD oil testing and analytics
|
·
|
Raw (Hemp) CBD oil
|
·
|
Processed (Hemp) CBD oil with multi-variation in strength and quality
|
·
|
(Hemp) CBD oil formulations such as Vapes, Tinctures, Pills, Capsules, Edibles, and custom formulations for nutraceutical companies
|
·
|
Bioceutical Sciences(TM) products and services are also available as Private label to retailers, wholesalers and distributors worldwide.
|
Bioceutical Sciences(TM) has also
been instrumental in developing unique products for CB Scientific, and URVape and will continue to do so in the foreseeable future.
Government Regulation
For the first time since 1937, industrial hemp has been
decriminalized at the federal level and can be grown legally in the United States, but on a limited basis. A landmark provision
in the recently passed Agricultural Act of 2014 recognizes hemp as distinct from
its genetic cousin, marijuana. Federal law now exempts
industrial hemp from U.S. drug laws in order to allow for crop research by universities, colleges and state agriculture departments.
The new federal law, written by U.S. Rep. Jared Polis (D-CO) and U.S. Sen. Mitch McConnell (R-KY), allows for agricultural pilot
programs for industrial hemp "in states that permit the growth or cultivation of hemp."
Government Patent on Cannabinoids
Government Regulation as antioxidants and neuroprotectants
– Abstract
Cannabinoids have been found to have antioxidant properties,
unrelated to NMDA receptor antagonism. This new found property makes cannabinoids useful in the treatment and prophylaxis of wide
variety of oxidation associated diseases, such as ischemic, age-related, inflammatory and autoimmune diseases. The cannabinoids
are found to have particular application as neuroprotectants, for example in limiting neurological damage following ischemic insults,
such as stroke and trauma, or in the treatment of neurodegenerative diseases, such as Alzheimer's disease, Parkinson's disease
and HIV dementia. Non-psychoactive cannabinoids, such as cannabidoil, are particularly advantageous to use because they avoid toxicity
that is encountered with psychoactive cannabinoids at high doses useful in the method of the present invention. A particular disclosed
class of cannabinoids useful as neuroprotective antioxidants is formula (I) wherein the R group is independently selected from
the group consisting of H, CH.sub.3, and COCH.sub.3. ##STR1##.
MISSION STATEMENT
FutureWorld Corp will seek out and capitalize on companies
that have developed or, are developing; disruptive technologies in Hemp/Cannabis science thereby creating several subsidiary companies
that will dominate their sector.
Business Summary
The address of our executive offices is: 10901
Roosevelt Blvd, Suite 1000c, Saint Petersburg, FL 33716 and our telephone number at that address is 427-474-1816. The address of
our web site is www.futureworldcorp.com. The information at our web site is for general information and marketing purposes and
is not part of this quarterly report for purposes of liability for disclosures under the federal securities laws.
FutureWorld Corp., a Delaware corporation, is a U.S.
diversified Industrial Hemp/ Medical Cannabis Company, which together with its subsidiaries, focuses on the identification, acquisition,
development, and commercialization of Hemp/Cannabis products, services and technologies globally under the banner of Cannabis 2.0.
We are seeking to acquire minority or full interest in
currently operating companies and disruptive technologies in the Industrial Hemp/Medical and Recreational Cannabis Industry globally;
such as vaporizers, lab testing, tracking systems, security, Cannabidiol (CBD) oil, testing kits, financial solutions, dispensaries
and other needed components. Our goal is to provide our acquired companies, current and future shareholders a clear strategy for
the growth of their companies and their investment in those companies.
We currently provide multiple products that supply the
burgeoning cannabis industry. The "picks and shovel" business model capitalizes of selling enterprises associated with
the Industrial Hemp and Medical Cannabis industries products that are essential in their success. Our products solve long standing
problems in cultivation, processing, and retail sales for industrial hemp and medical cannabis. The following divisions will continue
to delve even further into purchasing existing products or developing brand new products as the wholesale and retail space continues
to evolve. In addition, one primary focus is to manufacture, market, and sell products containing hemp derived CBD oil
.
We are invested in the following portfolio companies as subsidiaries;
NutraCann Labs Inc.
CBD Oil- CBD is one of at least 60 cannabinoids found
in hemp, and is non-psychoactive. The Cannabidiol "CBD" is a compound in cannabis that has significant medical
effects, but does not make people feel "high" and can actually counter the psychoactive effects of THC. The reduced psychotropic
of CBD-rich cannabis makes it an appealing treatment option for patients seeking anti-inflammatory, anti-pain, anti-anxiety, anti-psychotic,
and/or anti-spasm effects without disconcerting lethargy. Scientific and clinical studies underscore CBD's potential as a
treatment for a wide range of conditions, including rheumatoid arthritis, diabetes, alcoholism, MS, chronic pain, schizophrenia,
PTSD, antibiotic-resistant infections, epilepsy, and other neurological disorders. CBD has demonstrated neuro-protective and neurogenic
effects, and its anti-cancer properties are currently being investigated at several academic research
centers in the United States and elsewhere.
The present usage for CBD oil in the United States is
estimated to be approximately 1,000-2,000 Kilograms a year and growing and with a yearly value of around $200,000,000. Currently,
the apparent current competitors are; CannaVest, Inc. and Medical Marijuana, Inc., which own portions of each other's companies,
are the primary supplier of CBD oil in the United States. They supply the product in bulk to affiliate distributors and sell it
retail in plastic tubes that are refined up to three levels. Real Scientific Hemp Oil™ is their trademark name.
NutraCann Labs has sourced its own CBD oil from Europe.
We are also developing plans to fund an overseas hemp cultivation project to provide a consistent and reliable supply to the United
States and beyond. Currently, industrial hemp cultivation is legal in twenty countries around the world. NutraCann's products are
sold under the brand name "cbdessence" on CBDESSENCE.COM.
NutraCann Labs will process the CBD oils that will be
sold through our online presence for retailing industrial hemp oil-based Cannabidiol (CBD) nutritional supplements, wellness and
personal care products and vapable CBD oils. NutraCann Labs will market items such as CBD oil, CBD infused edibles & multiple
hemp related items and cross market our vaporizers from URVape.com. NutraCann Labs will be featuring scientific grade hemp oil
which is highly sought after around the world. We will sell already recognizable brands including our own brands and drive internet
sales through ads, videos, social media and Search Engine Optimization.
The global Nutraceutical market is projected to be in
excess of $200 billion by 2015 and the current US Nutraceutical and Dietary supplement market is valued at around $42 billion.
CBDESSENCE.com and URCBDOil.com will be at the forefront of this massive marketplace with significant opportunities. Cannabinoids
(non-psychoactive CBD) have been found to have antioxidant properties, unrelated to NMDA receptor antagonism. This new found property
makes cannabinoids useful in the treatment and prophylaxis of a wide variety of oxidation associated diseases, such as ischemic,
age-related, inflammatory and auto-immune diseases.
CB Scientific, Inc.
CB Scientific, Inc. a wholly owned subsidiary based in
Denver Colorado has developed new technologies specifically for cannabis analytics. Charles Steinburg, President of Herbal Synergy
and Acting Vice President of CB Scientific Division, has been one of the main men behind gas chromatography testing in Colorado.
Charles Steinberg's credentials will prove to be an asset to CB Scientific He has been a judge at several High Times Cannabis Cups.
CB Scientific introduced the first ever personal cannabinoid detection kits. These kits test all your products in-house and at
your own convenience. These tests are quick, easy, and effective. CB Scientific's new PERSONALANALYTICS THC & CBD detection
kit is the first simple, quick and accurate consumer THC & CBD test which will give you're an accurate reading of THC or CBD
in any product you purchase, manufacture, or grow While many medical and recreational products are sold with cannabinoid
levels listed, these numbers are often not representative of what is being sold.
Purchase and Sale Agreement with Net:X America
Inc.
On December 10, 2015, FutureWorld Corp, a Delaware
Corporation ("FWDG"), entered into a Purchase and Sale Agreement (the "PSA") with Net:X America Inc., an Oregon
Corporation, located in Portland, Oregon (hereinafter referred to as "CBSC" or "Buyer"), to sell all of the
assets of CB Scientific, Inc. (hereinafter referred to as "CB" or "SELLER"), which is a private Colorado Corporation,
for stock. On February 10, 2016, FutureWorld Corp closed the CB Scientific Sale transaction. The Sale will be effective as of February
17, 2016 pending the completion of restructuring of CBSC due on February 16, 2016.
Consideration for the sale and purchase of the Sellers
Assets shall be in the form of financing commitment, shares of the Corporation as well as other items as set forth herein and as
follows (collectively the "Consideration"):
a. A purchase price paid for by the issuance of
57,105,263 shares of Common stock, par value $0.001, on the Closing Date (after recapitalization on February 17, 2016) to CB Scientific
shareholders. All such common shares shall be received of the CBSC common shares under the requisite restriction of Rule 144 of
the Securities Act.
b. CBSC shall also issue to CB One share of Preferred
Series A2 of CBSC with a thirty percent (30%) dividend of the yearly gross cash flow of the operations of CB. Such share shall
not be sold or delivered to any party except for CB as a corporation. The rights to the dividend of revenue shall be designated
by CB within thirty days of the execution of this agreement. Future revenue distribution shall be subject to separate agreement.
CB will also receive thirty percent (30%) dividend of the yearly gross cash flow of any other operations, projects (Labs, schools,
etc.) delivered by CB to the Company.
c. CB shall with execution of this agreement be
entitled to 25,000,000 shares of the common stock warrant of CBSC with the price for such warrant exercise being based on a 50%
discount to the closing price of the stock on the date of execution of this agreement (post reverse capitalization). Such warrants
shall be exercisable for a period of two years from the date of this agreement.
The Company has agreed, subject to certain exceptions
with respect to unsolicited proposals, not to initiate, facilitate, solicit, encourage (including, without limitation, by way of
furnishing non-public information) or accept any inquiries regarding, or the making of any proposal or offer that constitutes,
or could reasonably be expected to result in, an "acquisition proposal" or engage in, continue or otherwise participate
in any discussions, communications or negotiations regarding an acquisition proposal. The Company also has agreed that its Board
of Directors shall not approve or recommend, or publicly propose to approve or recommend, to the Company's shareholders any acquisition
proposal or approve, authorize or permit or allow the Company to enter into any agreement, arrangement or understanding with respect
to any acquisition proposal or enter into any agreement, arrangement or understanding in principle requiring the Company to abandon,
terminate, or fail to consummate the transactions contemplated by, or breach any of its obligations under, the Asset Purchase Agreement.
The Asset Purchase Agreement also contains representations,
warranties and indemnification obligations of the parties customary for transactions similar to those contemplated by the Asset
Purchase Agreement. Such representations and warranties are made solely for purposes of the Asset Purchase Agreement and, in some
cases, may be subject to qualifications and limitations agreed to by the parties in connection with the negotiated terms of the
Asset Purchase Agreement and may have been qualified by disclosures that were made in connection with the parties' entry into the
Asset Purchase Agreement.
In addition, certain representations and warranties set
forth in the Asset Purchase Agreement may have been used for purposes of risk-allocation between CB and CBSC rather than establishing
matters of fact. The representations and warranties contained in the Asset Purchase Agreement were made solely for the benefit
of the parties thereto. Persons not party to the Asset Purchase Agreement, including, without limitation, the Company's shareholders
and other investors, should not rely on the representations and warranties contained in the Asset Purchase Agreement, or any descriptions
thereof, including those contained in this Current Report on Form 8-K (this "Report"), as characterizations of the actual
facts or conditions applicable to CB product lines or any of the Company's other product lines or subsidiaries.
URVape, Inc.
URVape™ is our brand name vaporizer pen which is
sold with a charger and refill bottles. We market the product at URVape.com. It is our own trademarked vaporizer being marketed
and sold online and in retail shops. The product is cutting edge design and requires puffing on the pen to facilitate battery use.
The URVape vaporizing pen is sleek and lightweight. URVape will initially have oil vaporizers available and dry herb versions available
in the coming months.
URVape was started to contribute to the current revolution,
which has become an international phenomenon, known as the "Vaping" industry. URVape began test marketing OEM branded,
off-the-shelf oil vaporizers, whose design and utility was well received, and which promulgated our first vendor agreement in the
state of Colorado.
After studying the marketplace, with more than 466 vendors
attempting to reach nicotine consumers, we recognized early on that there were unsupported claims and deficiencies in the products
and e-liquids being sold. Product deficiencies were noted in the devices being used in combination with e-liquids, which, together
could be producing harmful elements. Consequently, these elements are being inhaled as a result of heating the contents of the
e-liquids, thereby producing potentially harmful changes to the initial ingredients. As a result, URVape has dedicated itself to
providing products that are free of any substances which, when heated for vaping, could be harmful.
URVape has entered into an exclusive Non-disclosure/Non-compete
contract with one of the foremost international vaping products manufacturers. Through our in-house Product Development personnel,
and through the hiring of a consultant whose area of expertise is microbiology, specific to cannabis and vaping, we have developed
two primary device changes that are being patented. These changes are designed to produce safe devices, built with safe materials,
and to exact temperature specifications suited to a variety of e-liquids that we will bring to market.
We are also developing new methods of producing, packaging
and flavoring a variety of e-liquids with the intention to provide consumers with happy, healthy and potentially curative products.
URVape's plans include the installation of its own laboratory
along with a "clean room" for production of its products. The goal is to become the market leader of safe vaping materials.
To that end, URVape has Trademarked "SafeVape" for use in describing the technologies utilized in bringing both devices
and e-liquids to the marketplace.
The E-cigarette, Cannabis and Herbal vaping industry
is an ever growing and evolving industry. Business models need to be
constantly adjusted and configured based on all moving
parts. But we are fortunate to be part of this historical moment in time where consumers around the globe will finally have access
to natural plant derivatives to enhance their health and enjoyment without the inherent side effects of synthetic medicines. URVape
will be part of that historical moment creating technologies for the delivery of its specialized, researched products. With the
decriminalization and legalization of cannabis for medicinal and recreational use in many states and countries throughout the world
the adoption of electronic vaporizing by the world's 1.2 Billion smokers - eCig or vaporizer market is the fastest market within
the tobacco (free) industry and estimated to be a multi-billion dollar industry within a few years.
HempTech Corp:
HempTech Corp has several products available specifically
geared to helping cultivators of industrial hemp and medical cannabis maximum yields while helping to control costs. CaNNaLyTiX™
, SPIDer™, SmartSense™ ,Smart.NRG™ , and CaNNaTRAK™.
CaNNaLyTiX™
"A picture is worth
a thousand words" and being able to visualize all the various aspects of a cultivation enterprise solves challenges before
they become problems. CaNNaLyTiX™ is a dashboard controller system that allows the various computer systems to be integrated
throughout a cultivator's infrastructures. Using state-of –the-art API connecting software packages, CaNNaLyTiX™ can
allow all computer systems to be monitored with the ease of a smartphone app and the robust hardware of integrated servers or cloud-based
application.
CaNNaTRAK™
- the next generation of
barcode & RFID tracking systems for keeping pace with the extensive demands of seed to sale tracking of Hemp/Cannabis for state
compliance. We are currently developing "game changer" modifications that will make it the ultimate software system
in the industry. CannaTRAK's Asset Tracking Management Software automates the major aspects of the Asset Life Cycle. The
Product suite is made up of modules, which are able to operate independently of one another, are able to be configured to work
together, or to be integrated with non-native applications.
CaNNaTRAK™ software easily tracks assets using
bar coding, radio frequency (RFID), imaging, and wireless technologies. CaNNaTRAK™ software is designed under the client/server
architecture, is multi-user and menu-driven following industry-standard MS Windows protocols and graphical user interfaces. CaNNaTRAK™
applications are compatible with MS Windows XP, Vista, Windows 7 & 8.1 operating systems and with SQL Server 2008 through 2013.
CaNNaTRAK's mobile information applications are compatible
with Windows Mobile devices and are tightly integrated with; bar coding, RFID, GPS, imaging, biometrics and wireless technologies.
Due to the State law, legal governance, compliance and tax reasons, we believe CaNNaTRAK™ will be an invaluable tool for
legal compliance and profitability from growers to dispensers of the legal medicinal marijuana. Over the past decade, 22 (any change
since November elections?)states have approved the use of medicinal marijuana. Medicinal marijuana has become an alternative to
traditional treatments for patients with clinical diseases such as cancer and HIV/AIDS. The medicinal marijuana market is estimated
to be valued in the billions of dollars initially and may provide hundreds of millions of dollars tax revenue for the state's tax
coffers.
We believe compliance and governance will be a big concern
for the state offices overseeing the cannabis lifecycle and CaNNaTRAK™ will be an invaluable tool to comply and monitor for
the medicinal marijuana industry. Our competition presently consists of the MITS system being used in the state of Colorado,
the BioTrackTHC system being used in the state of Washington, and MJ Freeway. Certainly we will look to enter every burgeoning
market throughout the United States.
SPIDer
(Secure Perimeter Intrusion Detection
Network) is a system to meet the needs of theft and malicious attacks. While the economy is seeing improvement, theft, site destruction,
and malicious activity are still happening at an alarming rate and within the legal Cannabis/Hemp industry surging forward we can
expect no change particularly because of its specific draw. The SPIDer systems consist of 3 levels of detection to identify intruders
and threats in areas that are restricted.
The first level utilizes an electronically charged coaxial
cable woven into your chain link fencing. Excessive fence movement will set off an alarm through your network notification system
that someone is attempting to enter your facility. This is a very cost effective means to secure your site to meet security requirements
for your company. The second level consists of a visual intrusion monitoring system. It is a wireless, battery operated,
and connected through the cellular network. It provides 24/7 monitoring and notification through the internet and email system.
Once an intruder is identified an alarm is sent to the security team with a picture that allows you to identify if this is an authorized
or unauthorized person.
The network system can quickly be deployed and moved
to provide security coverage as needed. The third level is a multi-level detection and verification system that uses both
level one and level two to rapidly identify a potential intruder and provide you information for a rapid decision. The combination
of the two systems provides the additional barriers for quick action. Sometimes seconds are critical in preventing serious damage
or theft at your site. The command center software provides intrusion notification to
your network center and to individuals via email. For
level two and three you receive a picture that enables you to make a more informed and quicker decision concerning your action.
The SPIDer solution addresses the potential threat facing
the entire Cannabis/Hemp industry. With this system you are able to supply your security team with information that enables them
to be proactive in addressing these costly activities. Compliance with state rules and regulations for the Cannabis/ Hemp
industry is going to be essential. Though there are many security companies on the market, few are adapting themselves to
the Cannabis industry.
SmartSense
- offers wireless security and
smart sensor mesh network for precision agriculture, irrigation systems, and greenhouses for the hemp industry. Our Smart Agriculture
models allow monitoring multiple environmental parameters involving a wide range of applications with smart sensors such as Leaf
Wetness, Atmospheric Pressure, Solar Radiation, Air Temperature / Humidity, Soil Temperature / Moisture, Ultraviolet Radiation
etc. The smart sensor information will be collected and sent via the cloud to the central office for analysis and procedural modifications.
FutureWorld is not aware of any another competitor in the United States. FutureWorld, through HempTech plans on marketing
the product to large and medium sized grow facilities since they will have the greatest need.
SmartNergy
- offers tools to analyze every
aspect of a cultivator's energy usage. Being fully integrated with CaNNaLyTiX™, one can visualize energy consumption in real-time
and track historical usage. The software's predictive functionality also helps optimize energy use challenges proactively. We believe
a cultivator's huge electric bills can be scaled back when the entire grow is looked at as a complete and fully integrated operation.
CaNNaBoX™
- Much like a bank ATM,
the CaNNaBoX™ machine operates with the swipe of a card, which will verify identity, age and prescription information of
a medical marijuana patient before releasing measured packages of marijuana. The advantage is you will not have to be waited on
by an assistant if you don't require consultation and the store location is busy. The machine is capable of holding several
hundred items in multiple forms of marijuana. CaNNaBoX™ is a secure robotic device specifically designed for dispensing cannabis
products in secure prepackaged amounts, in complete accordance with state law requirements, in licensed dispensaries, and only
to legal buyers.
FutureWorld has teamed up with American Green to brand
the Zazzz Dispensary machine with the CaNNaBoX™ logo and distribute the product across the United States and possibly worldwide.
Presently the Zazzz machine presented by American Green, which is first to the market, MedBox Inc.'s machine, and a vending machine
product by Endexx Corp also distribute the product. The model for FutureWorld is to bring 1500 units to market within a couple
years in accordance with our JV goals alongside American Green and its Zazzz machine.
There will be a revenue sharing agreement with American
Green and FutureWorld for every placed CaNNaBoX™ machine via monthly leasing and transaction costs. We are currently
putting together the details of the JV with American Green and beginning the marketing and design phase of our product. Revenues
are purely a function of quantity at this point. A monthly leasing fee of approximately $150 dollars a month and a transaction
cost somewhere between $1.50 and $2.00 per. Competing brands are to look for a large upfront expenditures from dispensaries
for the machines which we believe will make their sales model harder to actual achieve sales nationwide.
CaNNaBoX™ will be marketed exclusively through
our new dispensary division, DispenseTek. DispenseTek was created to market and sell dispensary related products and services
including but not limited to CaNNaBoX™. It is important to understand, CaNNaBoX™ robotic dispensaries are secure
delivery and control systems for use in licensed cannabis dispensaries and not "vending machines". Their specific design
benefits public safety, governance, dispensaries, and consumers.
HempTech has also signed an agreement with Colorado Flower
Company to provide turnkey state-of-the-art technology for their grow facility which is being built on our land in Colorado. The
contract calls for $1.5M and the technology is leased at $190K per month for five years.
Purchase and Exchange Agreement with Building
Turbines, Inc
On February 26, 2016, Shareholder (hereafter referred
to as "Selling Holder" or by name) of Building Turbines, Inc. which is a publicly held Nevada Company (HTCO), entered
into a purchase and exchange agreement with FutureWorld Corp. (hereafter referred to as "FWDG") a Delaware Corporation
and its partially owned subsidiary HempTech Corp., (hereafter referred to as "HTC"), a Delaware Corporation, to deliver
to FutureWorld and HempTech Shareholders, the certain share holdings of Building Turbines, Inc., as an exchange for such consideration
as set forth in the agreement. In effect, post transaction, Building Turbines, Inc., will become HempTech Corp through change in
control.
On March 11, 2016, FutureWorld Corp closed the HempTech
Corp-Building Turbines transaction. The transaction will be fully effective with the completion of restructuring of HTCO due when
approved by FINRA.
Consideration for the purchase and exchange agreement
is as follows (collectively the "Consideration"):
In return for those shares of HTCO as designated, the
HTCO selling holder, John Graham, shall receive, post-reverse division, an amount of common shares of the Corporation which will
be equal to nine and nine tenths percent (9.9%) of the total outstanding common shares of the Corporation ("Exchanged Shares")
after such reverse division occurs and the initial post-reverse issuance occurs. The amount of shares to be initially issued shall
for such 9.9% of the total outstanding common shares after the reverse division shall be 6,187,594 common shares.
FutureLand Corp.
On October 06, 2014, the Company formed a 100% owned
subsidiary: FutureLand Properties, LLC in the state of Colorado. FutureLand's primary purpose is to purchase properties for lease
back or lease to Hemp farmers and medical cannabis growers. FutureLand Properties purchased a 240 acres of agricultural land in
the southern Colorado. FutureLand Properties, LLC, closed on 237 acres in southern Colorado on October 30th, 2014 for the purpose
of leasing to licensed Cannabis and Hemp growers. The decision was made based on increased demand for medical and recreational
cannabis and loosening of some restrictions in Colorado. We believe the future of cannabis grows will belong to large state-of-the-art
facilities much like agricultural industry. In Colorado and other legal states, only few large cannabis grow facilities will remain
which would allow for easier supervision and administration by the State and Federal government.
FutureLand Corp. (FUTL), is a leading provider of strategic
real estate investment and grow facilities and solutions to the global cannabis industry. FutureLand merged with Aegea Inc in March
2015 and have gone through the process of getting new ticker symbol established and approved through FINRA and became a public
company. We believe this will be a real boon for shareholders as we expect great things from FutureLand Corp. in the not too distant
future. We are also in the process of clearing the S1 for filing with SEC. Initial documentation is the substantial part of the
process. FutureLand has been very busy building a sustainable business plan and laying the groundwork for an incredible and productive
year.
FutureWorld Corp. employs a business model geared towards
maximizing value for our shareholders. We identify the potential acquisition, complete an extensive due diligence process
and if all requisite factors meet our criteria, the acquisition is then secured. FutureWorld targets technologies, companies or
ideas that are mature enough to provide an exit timeframe of one to three years. A great deal of emphasis is paid to the
due diligence process. Technologies are evaluated in terms of their usefulness, effectiveness, revenue potential and time
to market.
Following successful evaluation, these companies /technologies
are then acquired with a cash and/or stock deal, with FutureWorld Corp usually holding a significant majority stake of the new
entity. To capitalize on the opportunities the company offers, FutureWorld then begins the process of developing the technology/company
with infrastructural and financial support. As the company continues in its measured growth pattern, FutureWorld positions it to
either; enter the public arena, maintain the company as a wholly owned subsidiary, or sell the technology/company to gain a return.
The uniqueness of the FutureWorld Corp business model
is that it can reward the shareholder base in several ways. If the FutureWorld board of directors has determined that a company
is ready to begin trading on its own, then all FutureWorld shareholders receive dividend shares in the new public entity as well
as retaining their current stake in FutureWorld.
Moreover should the board of directors decide to sell
the technology or company outright, FutureWorld shareholders would receive a cash dividend on the sale of the asset.
Finally, if the company is better served to stay as a
wholly owned component of FutureWorld, then revenues generated from this would be a direct income stream for FutureWorld thereby
increasing shareholder value and capital strongholds for future acquisitions.
FutureWorld Corp. is also actively seeking joint venture
partners in the Hemp/Cannabis space. We identify strategic partners to come along side of in order to make use of each other's
strengths to more fully saturate the market and provide needed industry solutions.
On December 5, 2014, the Company announces the completion
of a Commercial Lease Agreement effective 1st day of December, 2014 by and between FutureLand Properties, LLC, a Colorado corporation
("Landlord") and Colorado Flower Company, LTD.
("Tenant"). FutureLand is the owner of land
and improvements commonly known as TWP 27 RNG 68 SEC 25: NE4NW4 LESS 3 ACRES FOR RIGHT OF WAY TOTAL ACRES 37, La Vita Colorado
81011 (hereinafter the "Property"). FutureLand will be the owner of a 14,940 square foot greenhouse and any other structures
to be constructed/situated on the Property. The greenhouse and land may be collectively referred to hereinafter as the "Leased
Premises.". This Commercial Lease Agreement is for five (5) years and FutureLand shall also grant to the Tenant additional
three (3) years options to renew this Commercial Lease at Tenant's sole discretion.
The Company is to finance and build 2000+ plant cannabis
cultivation greenhouse for Colorado Flower Company on a 37 acres property owned by the Company. This large cultivation facility
will be one of many on the same property. Company is also to provide high tech automation solutions to control all processes in
the greenhouses based on HempTech's state-of-the-art technologies.
The Company (through separate agreements with HempTech
and CB Scientific) will provide greenhouse, processing equipment, Spider Security Technology, SmartSense, SmartNergy, CaNNaLyTiX,
and growing/laboratory equipment located on the Property provided by HempTech Corp and CB Scientific. HempTech Corp., a FutureWorld
Corp. subsidiary, will supply Spider Security Technology, SmartSense, SmartNergy and CaNNaLyTiX. CB Scientific, a FutureWorld Corp.
subsidiary, will supply all testing and laboratory equipment to the Grow.
The master lease agreement calls for $575,000 monthly
lease payments for the land, the greenhouse and the technology for five years. FutureLand Properties only leases the land,
infrastructure and technologies. It does not grow or sell or distribute any products that are in violation of the United States
Controlled Substances Act (US.CSA).
Spin-Off of FutureLand Properties, LLC.
On March 10, 2015, an Exchange Agreement was entered
(the "Agreement"), by and among certain shareholders and debt holders of the Company, representing the majority of the
outstanding shares of the Company ("the AEGA Holders"), and FutureWorld, Corp. (hereafter referred to as "FWDG"),
a Delaware Corporation which is the owner of the wholly owned subsidiary, FutureLand Properties, LLC, (hereafter referred to as
"FLP"), a Colorado Limited Liability Corporation. The Exchange Agreement called for transfer all rights and assets by
FLP into AEGA. The transfer was completed on June 1, 2015, FWDG, as sole member of FLP resolved that effective with the Exchange
Agreement dated March 10, 2015, FWDG sold all rights, title and ownership of FLP to the Company, including all member units, assets,
intellectual property, contracts, leases, and real property which includes 200 acres in La Vita, Colorado. The Exchange Agreement
became effective on June 9th, 2015 after the completion of the transfer.
In connection with the Exchange Agreement, we issued
an aggregate of 27,845,280 shares of our common stock to FWDG and or its assignee. FWDG and the AEGA Holders entered into the purchase
and exchange agreement where the AEGA Holders agreed to deliver to FutureWorld their shareholdings in the Company in exchange for
certain actions, including AEGEA Holders resignation as directors and officers of the Company and the simultaneous appointment
of two directors as designated by FLP. In return for the AEGEA Holders shares of the Company, in combination with certain debt
forgiveness totaling $100,000 by the AEGEA Holders, the AEGA Holders shall receive, an amount of shares to be equal to 4.9% of
the outstanding shares of the Company calculated after the reverse stock split which became effective on May 1, 2015. Such shares
as held by the AEGA Holders which are surrendered in return for the new exchange shares to be issued, shall be cancelled in such
exchange and returned to treasury. Such exchange shares when issued shall contain certain anti-dilutive rights whereby the AEGEA
Holders shall receive additional shares for a period of one year from the date of issuance in order to retain 4.9% of the outstanding
shares of the Company, issuable within ten days of the end of each fiscal quarter following such initial issuance. Pursuant to
the Agreement, all assets of the Company, including all intellectual property, contractual rights, business plans, architectural
works, property rights, and other valuable matters, shall be sold to the AEGA Holders, into a new private entity formed at their
direction, control and benefit, in settlement for another $100,000 in debt due to AEGEA Holders by the Company and certain liabilities
will be assumed by the new private entity.
As of July 22, 2015, the Company has not issued the 4.9%
of the outstanding shares of the Company calculated after the reverse stock split to the AEGA Holders.
In May 2015, we changed our name to FutureLand, Corp.
and effected a 1 for 400 reverse stock split of our common stock. All share and per share data in this annual report have been
retroactively restated to reflect the reverse stock split.
As of the date of this report, certain required actions
have been taken by the parties such as change in management and the issuance of 27,845,280 common shares as discussed above and
such Exchange Agreement is binding on the parties with closing subject to the completion of remaining actions. Upon closing and
the contemplated cancellation of all outstanding shares of Series B convertible preferred stock, this transaction is expected to
be accounted for as a reverse recapitalization of FLP with the business of FLP being the continuing business since the member of
FLP will have voting and management control of the combined entity.
The board of directors, post director change, purchased
the assets and corporation being FutureLand from FWDG in exchange for the shares to be issued, which shall be distributed by FWDG.
On March 16, 2015, the then current board of directors of Aegea, Inc. Keith Duffy, Scott Duffy, Carran Schneider, David Zajac and
Lou Fuoco, did resign as directors of the Corporation, concurrent with the simultaneous appointment of Saed "Sam" Talari
and John Verghese being appointed as the sole directors of Aegea, Inc.
The transaction is an arm's length transaction and there
are no material relationships and conflicts between the parties. Mr. Talari or Talari Industries, has no relationship or ownership
of the other party of this transaction.
Disruptive Innovation
Harvard economist Clayton M. Christensen coined the term
"Disruptive Innovation" in 1997, to describe technologies that deliver a more effective and/or profitable alternative
than the incumbent solutions. FutureWorld recognizes that such innovations carry the promise of tremendous revenue potential provided
that sound business strategies and processes are devised, implemented and executed.
To this end, FutureWorld expends considerable efforts
in identifying and evaluating prospective technologies/companies for acquisition. We have a global network in place that taps the
scientific community, monitors industry developments and entertains ideas from entrepreneurs. Our core management team has
a combined experience of 70 years in investment, operations and executive management within the global telecommunications, medical,
engineering and software fields. This vast experience allows FutureWorld the unique opportunity to clearly decipher the true
potential of disruptive technologies and their consequent benefit to FutureWorld and its shareholder base.
Building strong companies
We are acutely aware that the technologies we target,
by their very nature, have the potential to positively impact many lives, and take this aspect of our business very seriously.
We consider the Hemp/Cannabis products to be among the best in the world. From both the wide swath of products that can be
made, to the jobs they can provide, to the medicinal value that can be harnessed. This entire industry is rife with boundless
growth potential but must be approached in the right way. We believe in protecting the patients, protecting the children
and protecting the plant.
FutureWorld's richly experienced management team appreciates
exactly what it takes to build successful and effective companies. We understand that the most important building blocks
of a company are its people. Our strategy is to locate and assemble highly motivated senior management teams, placing an
emphasis on integrity, proven experience within the industry and a proven track record. We extend extremely generous milestone-based
remuneration packages, with meaningful ownership positions that are geared to motivate and drive our colleagues to produce the
desired results.
The inventors or founders of a particular technology
may not always be the best entrepreneurs around which to build an effective company. Therefore, senior management is appointed
strictly on merit; it is not uncommon for FutureWorld to bring in fresh minds to these key positions. This is especially
true regarding the Hemp/Cannabis space.
FutureWorld also provides the new or acquired company
with pertinent experience through its own personnel in board member, directorship and advisory capacities. Furthermore, FutureWorld's
team is instrumental in providing valuable contacts for the development of the company's business, infrastructure and strategic
partnership opportunities.
Initial capital requirements, to finance the company
through its development phase, is either directly funded by FutureWorld or arranged through loans and or debt/equity instruments
with our financial partners. We sustain the company as it establishes its strategies and relationships, providing critical
infrastructural and personnel needs. FutureWorld then assists the subsidiaries as they go through their own initial rounds
of raising funds through a broad range of instruments, including private equity investments, loans and grants.
The subsequent phase of the company is the key; as it
must execute its business plan and achieve the agreed targets that have been set. FutureWorld continues to provide the support
needed for sustained growth. The subsidiary company's management is completely responsible for their internal growth; its progress
is constantly monitored. Processes and milestones are set up on manageable timelines and financial budgets are put in place.
Actual, quantifiable performances are periodically measured against these plans.
There is a constant flow of communication between the
subsidiary company(s) and FutureWorld's management team. FutureWorld goes to great lengths to keep our shareholders and the market
informed of the progress of each company through regular press releases, our website, social media such as Facebook and Twitter
and shareholder letters.
Value Proposition
The goal for each of our investments is to provide value
to our shareholders. When FutureWorld's Board of Directors votes that a wholly owned subsidiary is ready to be publicly traded
on its own merits, FutureWorld manages the entire process from start to finish. FutureWorld's management team is well versed
in the regulatory and procedural requirements necessary to list a subsidiary on the proper trading market. This has resulted in
an established pool of key professional relationships from which to draw while this process is being completed.
Additionally, FutureWorld brings value through acquisitions.
This is important as FutureWorld continues to seek and acquire disruptive technologies and companies that solve the pain points
of the Hemp/Cannabis industry thereby increasing shareholder value and bottom-line profitability for the company.
A unique component of FutureWorld's business model is
to provide dividends for its shareholders. This is accomplished in three ways:
|
1.
|
Stock dividends in the newly created public entity while maintaining shareholders' current investment
in FutureWorld Corp.
|
|
2.
|
Cash dividend in the event the company and/or technology is sold with the payout based on current
shareholding of FutureWorld Corp.
|
|
3.
|
Maintaining share price through revenues of FutureWorld's wholly owned subsidiaries as a long term
operator.
|
FutureWorld also retains a stake in the exited companies
that go public thereby allowing the company to have the assets necessary to provide funding for new acquisitions.
Revenue Model
Compared to other companies in our arena, FutureWorld
has a unique revenue model. Through our subsidiaries, FutureWorld will earn both revenue and create bottom-line tradeable securities
value through the stock reserved from the exits.
FutureWorld earns revenue in the following ways:
Securities: As FutureWorld, we create separate public
markets for our subsidiaries and retain a percentage of the freely marketable securities. FutureWorld can then sell these shares,
at any time, to raise appropriate funds to execute acquisitions and/or investments in other companies/technologies.
Fees: FutureWorld's personnel provide significant
direct infrastructural support to its subsidiary companies, expending many intensive man-hours in the process, as it goes through
its various stages. Services include management recruitment, managerial assistance with strategic planning, human resources,
real-estate management, marketing and other business matters.
FutureWorld's team also provides financial and tax reporting
support, as well as cash management, treasury and auditing.
The subsidiary companies could pay a fee for some of
these services. Fees are determined by the type and length of service provided if applicable. These fees are usually deferred
until the subsidiary has available cash-flow to pay for the services.
Dividends from Subsidiaries: In some instances, the wholly
owned subsidiary may pay a cash dividend. Should dividend payouts occur from these subsidiaries, FutureWorld would receive these
payouts as income on the shares owned, as FutureWorld retains a major portion of shares from these subsidiaries.
Risk Analysis
As FutureWorld executes its business model, there are
specific challenges we must seek to overcome. Our greatest challenge is to ensure the ability of our subsidiary companies
and in-house technologies to execute their own business plans. The risks from competition, market conditions, product development,
fund timing and operational effectiveness all affect the success of
FutureWorld's technologies and subsidiaries. For this
reason, FutureWorld has assumed a more direct and "hands on" approach to achieving set goals.
FutureWorld's seasoned and successful management team's
primary efforts are directed at mitigating these specific risks. These efforts include the extensive due diligence expended
prior to an acquisition, the care in selecting highly motivated individuals to specific tasks and to setting up and closely monitoring
goal-oriented, measurable processes.
The facilitation of the early round funding is a key;
being under the FutureWorld umbrella provides these young companies access to valuable resources and contacts; as do the divisions
managing the technologies within the group. FutureWorld's stated strategy is to exit the technologies/companies within three years
of acquisition but our position on this is changing. FutureWorld is shifting more toward operating companies for a longer
term while reserving the right to spin a company out that really needs to stand on its own. We understand that many factors contribute
to the execution of this strategy and this may not be possible 100% of the time. However, timelines, a goal-oriented philosophy
and keeping constant focus help to mitigate risks presented by both internal and external forces.
Competition is always a risk for any enterprise.
The previous section discussed the types of companies with whom FutureWorld competes for deal-flow and potential investments.
Through the FutureWorld team's extensive networks, participation in investment community's events as well as alliances with consulting
firms such as Florida Cannabis Coalition and The Arcview Group, FutureWorld has superb access to constant deal-flow in the areas
it targets for investment.
FutureWorld Corp. is a publicly traded company and therefore
exposed to the risk of market volatility and external factors that affect stock performance. FutureWorld attempts to mitigate
such risks by providing a constant flow of information to our shareholders via press releases, through our corporate website and
social media.
We believe our model is very compelling to the investment
community. Strong leadership, vast experience in management, operations and financing make an investment in FutureWorld a solid,
sound decision.
About FutureWorld Business Model
FutureWorld Corp., a Delaware corporation, is a U.S.
Diversified Hemp/Cannabis Holding and Operating Company listed on the Over the Counter exchange market.
FutureWorld is seeking to acquire minority or full interest
in currently operating companies and disruptive technologies in the Hemp/Cannabis Industry globally; such as vaporizers, CBD oil,
Testing Kits, Lab Testing, Security, Tracking, Soils, Energy Management, Dispensaries Edibles and grows. Our goal is to provide
our acquired companies, current and future shareholders a clear strategy for the growth of their companies and their investment
in those companies. Companies we bring in, if warranted, may be spun out on their own or sold, thereby creating cash or share dividends
to all shareholders including the management and the companies.
About the Hemp/Cannabis Market
Legal marijuana is among the fastest-growing markets
in the United States, and it's growing at a rate poised to outpace the expansion of the global smartphone market, according to
a new report obtained exclusively by The Huffington Post.
Researchers surveyed hundreds of medical cannabis retailers,
processors, dispensary owners and industry leaders over the course of six months this year, and estimated that more than $1.43
billion worth of legal marijuana will be sold in 2014. The report also predicts that figure to grow $22 billion by 2020.
The fact is that this increase represents the
fastest
growth rate of any US industry that ArcView Market Research could find.
Medical marijuana is currently legal in 22 states and
the District of Columbia. (Just modified now as Florida has passed legal medical cannabis with the Charlotte's Web strand; full
strength medical marijuana is set for vote on Nov. 4, 2015) Colorado is predicted to add $359 million to its existing market
in 2014 and $1 billion in 2016.
The marijuana industry's growth coincides with a widespread
shift in the public's attitude toward the substance. A Gallup poll conducted last month found that for the first time in history,
more than half of Americans think pot should be legal for both medical and recreational purposes. A CNN documentary that aired
this summer explored marijuana's benefits for a mainstream audience. "There has been a seismic shift in public attitudes towards
marijuana," Berg said, explaining that as public opinion changes, laws are likely to follow. "Younger voters will become
a bigger proportion of the overall voting base. It begins with shifts in attitudes and that
translates to initiatives."
The report predicts that 14 more states will legalize
marijuana for recreational adult use in the next five years, creating a potential $10.2 billion cannabis market by 2018. Berg added
that his research only examined the sale of cannabis itself, whether wholesale to retailers or directly to consumers. He said that
the market for ancillary products, such as security equipment, grow tools, apps and paraphernalia, has the potential to drive growth
still further.
Our Acquisition Strategy
To cater to this ever expanding Hemp/Cannabis movement,
FutureWorld intends to become a unique diversified picks and shovels company by acquiring minority (or majority) stake in small
and medium size and disruptive Hemp/Cannabis related Technology companies globally. The process of the acquisition of any targeted
companies is as follows;
|
1.
|
Locate and seek out unique and disruptive companies within the industry that have unique products,
billion dollar market potential and strong management team.
|
|
2.
|
Assess their product path and stage of development, the required funding and corporate structural
need.
|
|
3.
|
Purchase a minimum of 10% to 100% stake of these companies based on factors such as, market valuation,
funding need, market potential and internal negotiations. Acquisition would be structured through a stock exchange by and
between FutureWorld and the target company (public or private) or cash or both.
|
|
4.
|
Each company will have a representative on the board of the directors of FutureWorld and selected
member of their management teams may be offered corporate positions with FutureWorld.
|
|
5.
|
Minority held companies will keep control in decision making and policies.
|
|
6.
|
With each successive acquisition by the parent company, FutureWorld, the shares held by the investors
and the acquired companies will become more valuable and stronger.
|
|
7.
|
Foster the growth of the acquired company by our assistance to its management, and by corporate,
product development, sales, expansion and funding support.
|
|
8.
|
The acquired company may be sold, through a clear exit strategy, or spun out as a public company
on one of the trading exchanges, such as the Bulletin Board Pink Sheets, by the decision of its board of directors and assistance
by FutureWorld or held to operate for the long term. This will insure the ability for the company to attract investors and raise
sufficient capital for operations and any and all capital expenditures.
|
Role of FutureWorld and Benefits to the Acquired Companies
FutureWorld will be responsible for the following:
|
1.
|
Working closely with the management to develop a proper business plans in order to attract investors
and to insure the company remains in a high growth path.
|
|
2.
|
Author a Private Placement Memorandum in order to sufficiently raise capital to execute the new
and approved business plan.
|
|
3.
|
Develop a workable budgets, business and financial plans.
|
|
4.
|
Assist in attracting and hiring necessary personnel for operations.
|
|
5.
|
Assist in building the necessary infrastructure to support the company's goal, acquiring machinery
and equipment, funding alternatives, and management expertise in their particular area of operations.
|
|
6.
|
Schedule meetings with private investors, capital groups, fund managers and investment houses in
order to properly raise the sufficient capital needed to execute the business plan.
|
|
7.
|
Increase value in your FutureWorld shares with each additional acquisition.
|
|
8.
|
Cross marketing, joint ventures and sales opportunity with sister companies and prospective acquisition
targets.
|
|
9.
|
Expertise input from qualified management team from the sister companies.
|
|
10.
|
Increase in your company's overall valuation.
|
|
11.
|
Provide exit strategy support through a sale or an Initial Public Offering.
|
|
12.
|
Provide support with listing the company on an appropriate trading exchange including all accounting,
legal, SEC filings, and Edgar filings.
|
|
13.
|
Manage the public market with respect to all investor relations, public relations and trading of
securities.
|
|
14.
|
Manage any and all mergers and acquisitions.
|
|
15.
|
Run day-to-day operations of some companies with the intent to grow revenues for the company and
its shareholders.
|
Our Employees
At the date of this annual report, we have eight full-time
employees. Sam Talari, our CEO, director. Cameron Cox, our VP of Business Development and CEO of FutureLand Corp.
Henry Biza, CEO of CB Scientific. Kevin Defant, our Product Development Tech. John Verghese, CEO of HempTech. Terry Gardner,
VP of HempTech. Alan Mathon, principle scientist for Bioceutical Sciences. Karin Rohret, Controller.