- New Client.
- Merger Announced With GreenLink the Global Cannabis Connection.
- Closing price $0.0125.
We have been retained to begin providing coverage on E-Debit Global Corporation (WSHE) as they progress in their merger with Greenlink, the Global Cannabis Connection and formerly known as Affordable Green Holdings.
Will be reporting their progress under the Marijuana Stock Review banner and website.
For now, we’ll simply re-post their most recent press release and/or filings with the SEC. News related to the merger was not picked up on most news distribution services.
The Company filed a 15G on March 27th of 2014. A form 15 is commonly referred to as “going dark.” Many companies choose this path typically after they determine the costs (legal, accounting, etc) of remaining listed on a national securities exchange and continuing as a public reporting company under the Securities Exchange Act of 1934 (the “Exchange Act”) is too great to bear.
As such our progress reporting will be non-financial in nature and focus more on the stated plans of the Company as well of course to pass along any filings the Company makes with the Securities & Exchange Commision. While there a number of financial portals which carry such information, we prefer using OTCMarkets.com.
The Company has stated it is working on becoming a reporting issuer in a letter to shareholders.
Here is a recap of the 4 most recent SEC filings:
11/3/17 – Management Change; including naming Mr. Douglas Mac Donald as acting President. Mr. Mac Donald is one of the original founders of E-Debit Global Corporation and a former member of the Royal Canadian Mounted Police, retiring in 1995. From 1998 through to April 2017, Mr. Mac Donald devoted his time to our development and the development of subsidiary and affiliated companies.
11/13/17 – Management Change; including appointing Mr. Jake George was appointed Jake George to the Board of Directors of E-Debit Global Corporation on November 2, 2017.
Mr. George holds a degree in economics and has a thorough understanding and practice in sales and logistics and in 2008 commenced his business migration towards the Washington State medical marijuana industry. With appearance on NBC Nightly News, World News Tonight w/Diane Sawyer and dozens of other broadcast and print media publications Jake George is widely considered to be one of Washington’s authorities on the subject of cannabis and the medicinal marijuana space and conducted one of Washington’s premier Medical Retail operations with multiple locations in Issaquah and Seattle, Washington.
News on Jake George including a write-up in the WSJ.
11/20/17 – Memorandum of Understanding;
Golden, Colorado – E-Debit Global Corporation (the “Corporation)”) announces the signing of a Memorandum of Understanding on the 8 th day of September 2017 with Affordable Green Holdings, LLC in order to conduct joint reviews, due diligence investigations and negotiations to merge their respective business operations to form a new or combined business entity.
Doug Mac Donald, President of E-Debit Global Corporation advises “we have successfully commenced the first stage of our review of the mutual business opportunities being presented by Affordable Green Holdings, LLC (“AGH”). Since its inception in 2008 AGH has been at the forefront of the State of Washington’s regulated medicinal marijuana business space expanding into the recreational marketplace in 2012. AGH holds a balanced combination of experience and expertise that includes a licensed CPA, an Equities Trader, a retired NFL athlete with a degree in Marketing, a Biologist with 6+ years in the cannabis space, a formally trained cannabis compliance officer, a botanist, and many other levels of professional partners and industry support positions.”
“We are looking forward positively to the final stages of our mutual reviews and believe that our eight-month examination of numerous opportunities presented during our ongoing investigation of opportunities within this burgeoning business space has successfully brought us to the AGH group, a segment-leading diversified cannabis company that is vertically integrated throughout the marijuana business space. Further advice will be forthcoming,” added Mr. Mac Donald.
12/18/17 – News Related to Affordable Green Holdings;
Item 3.02 Unregistered Sales of Equity Securities
The Company has entered into a Stock Purchase Agreement with the members of AGH WA, LLC (“AGH”) pursuant to the acquisition of 100% of the membership units of AGH. Pursuant to the agreement the Company will issue 250,000,000 shares under the following terms:
|i.||$4,000,000 through the issuance of 200,000,000 Common Shares issued at the rate of $0.02 per share|
|ii.||$1,000,000 through the issuance of 50,000,000 Common Shares issued at the rate of $0.02 per share and held in escrow to be released to the AGH Shareholders on the audited valuation of $5,000,000 for the AGH organization and assets.|
E-Debit Global Corporation Announces its’ First Strategic Move Within the Licensed Marijuana Market Place With the Acquisition of AGH WA, LLC operating as Affordable Green Holdings.
Golden, Colorado – E-Debit Global Corporation (OTC Markets: WSHE )(” E-Debit “, “WSHE” or the ” Company “) (http://www.edebitglobal.com/) is pleased to announce the acquisition (the ” Acquisition “) of all of the issued and outstanding shares of AGH WA, LLC a Washington State Limited Liability Company doing business as Affordable Green Holdings (” AGH “) (http://www.affordablegreenholdings.com/) pursuant to the terms of a definitive stock purchase agreement (the ” Stock Purchase Agreement “) dated December 7, 2017 (the ” Acquisition Date “).
The Acquisition represents the Company’s first strategic entry into the licensed marijuana market place in the United States by providing the Company mature resources, assets and regulatory tools to help accelerate the Company’s expansion within the State of Washington and to establish the foundation for jurisdictional expansion based on individual State regulatory opportunities throughout the United States.
Headquartered in Tacoma, WA, AGH is a management company that holds and leases intellectual property, trademarks, real-estate, and equipment. Through management and service agreements AGH offers its marketplace partners access to brands and services that have been in the cannabis space since 2008. With physical operations throughout the State of Washington, AGH is a privately owned Washington state LLC holder of property conducting Tier III licensed production of organic cannabis, at its 250+ acre Big Ridge Farms (Big Ridge Farms | Big Ridge Farms Home which is also home to two (2) LCB Processing licenses and through its Sweet Nirvana Bakery operations (https://www.sweetnirvanabakery.com/) has created one of the industry’s most comprehensive family of brands which include: Rockit Conez, JamRocks, Groovy Chews, Peanut Butter Bliss Bites, Cannabliss, Tasty Toke, Rockit Oil, Nirvana Nectar, Nirvana Caps (CBD), Firebird Vaporizers, Tasty Toke, Black Label Organics, Rebel Rosin, and Legal Out West.
Doug Mac Donald, E-Debit’s President and CEO states, “When we set the strategy for E-Debit to enter into the marijuana market-space it was about building a dynamic regulatory compliant platform which would advance sustainable growth for both the industry, our industry partners and our shareholders. The acquisition of AGH will act as a strategic tool to help us with on-going partnerships and opportunities, but most importantly brings industry experience, expertise and current marketplace participation to immediately jump-start the Company’s development and the execution of our existing and prospective relationships not only within the State of Washington but throughout the regulated marketplace both inside the US and elsewhere.”
In connection with the Acquisition, the Aggregate Purchase Price to be delivered to AGH is Five Million ($5,000,000 USD) with an additional capital contribution into the AGH operations post-acquisition of $1,500,000 for total consideration of ($6,500,000 USD) as follows:
|i.||$1,500,000 in cash by cheque or by wire transfer|
|ii.||$4,000,000 through the issuance of 200,000,000 Common Shares issued at the rate of $0.02 per share|
|iii.||$1,000,000 through the issuance of 50,000,000 Common Shares issued at the rate of $0.02 per share and held in escrow to be released to the AGH Shareholders on the audited valuation of $5,000,000 for the AGH organization and assets.|
“We are pleased to be able to announce this acquisition after assessing the numerous opportunities which we have reviewed over the past seven months, none of which compares to our financial and business evaluation of the AGH Group whom I and the entire E-Debit team believe has tremendous pedigree and well suited for expansion in the legal and regulated marijuana business environment. As much as this is a strategic acquisition for the Company our interaction with the management and operators of AGH has solidified a winning combination as the marijuana industry expands and becomes more competitive “added Mr. Mac Donald.
ON BEHALF OF THE BOARD
” Doug Mac Donald” President & CEO
Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in WSHE over the next 72 hours.
Additional disclosure: Client we were compensated with seven-thousand and five-hundred dollars for reporting services, from the Company.