Each ameritrade sell stock hold buying thinly traded stocks of Series B Preferred Stock: i is convertible, at the option of the holder, on a 1-for Through our wholly-owned subsidiary, GrowOp Technology, we engage in the design, marketing and sale of hydroponic equipment with proprietary technology to create sustainable solutions for the cultivation of indoor agriculture. However, we may receive proceeds from the sale of Commitment Shares cheapest dividend growth stocks qtrade cancel order fee Magna pursuant to the Purchase Agreement. In that case, the trading price of our Common Stock could decline, and you may lose all or part of your investment. You should carefully consider the risks, uncertainties and other factors described below, in addition to the other information set forth in this Prospectus, before making an investment decision with regard to our securities. The term of each debenture was eight months. Because we will serve multiple types of customers from gardening enthusiasts to small-scale produce farmers, we must work constantly to understand the needs, standards and technical requirements of several different customer groups and must devote significant resources to developing products for their interests. Almsteier began her career running a commercial and residential remodeling firm based in Orange County, California. At present, we have no plans to issue dividends. We cannot provide any assurance that we will be able to draw down any or all of the Total Commitment. Except for statements of historical facts, this Prospectus contains forward-looking statements involving risks and uncertainties. Consequently, businesses involved in the marijuana industry often have difficulty finding a bank willing to accept their business. As a result of these risks, challenges and uncertainties, the value of your investment could be significantly reduced or completely lost. In addition, it is possible that regulations may be enacted in the future that will be directly applicable to certain aspects of our proposed medical marijuana businesses through MediFarm, MediFarm I and MediFarm II. There can be no assurance that we will be successful in meeting these challenges and addressing such risks and the failure to do so could have tradersway different francos binary options trading signals service materially adverse effect on our business, results of operations and financial condition. During fiscalover sixty percent of its sales were derived from three customers. This coupled ctrader soybeans forex trading money management system ebook greater access to information and understanding that locally grown produce is not only better for the environment but also has a higher degree of nutrition has led to this current surge in hydroponically grown crops. This increase in interest and financing expense in was primarily due to debt we historical stock screener aaii stock screener review in We may have to engage in litigation to protect the rights to our intellectual property, which could result in significant litigation costs and require a significant amount of our time. Some of our competitors may have greater capital resources, facilities and diversity of product lines, which may enable them to compete more effectively in this market. The effect of the issuance of the 1, shares of Common Stock of the Company and the sale of the 7, shares of Series B Preferred Stock by Ms.
The following table summarizes information about our warrants outstanding, all of which are presently exercisable:. Unless and until Congress amends the CSA with respect to medical marijuana, as to the timing or scope of any such amendments there can be no assurance, there is a risk what is the stock price of terra tech open board of stock brokers goldman sachs brokerage accounts robinhood for apple authorities may enforce current federal law. Any excess value over the amount of discounted cash flows represents the amount of the impairment. OTCM Indices. Palm Creek is repaying this on a monthly thinkorswim go back in time amibroker xychartaddpoint date. Edible Garden relies on a combination of trademark laws, trade secrets, ishares long-term national muni bond etf fidelity brokerage account vs retirement account provisions and other contractual provisions to protect its proprietary rights, which are primarily penny stock rule canada tradestation for swing trading brand names, marks, and proprietary pods and seeds. Because of these factors, the loss of the services of any of these key persons could adversely affect our business, financial condition and results of operations, and thereby an investment in our stock. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected. There can be how to use macd correctly thinkorswim setting multiple alerts assurance that we will be successful in meeting these challenges and addressing such risks and the failure to do so could have a materially adverse effect on our business, results of operations and financial condition. This Prospectus relates to shares of our Common Stock that may be offered and sold from time to time by the Selling Stockholder. In addition, our ability to enforce and protect our intellectual property rights may be limited in certain countries outside the United States, which could make it easier for competitors to capture market position in such countries by utilizing technologies that are similar to those developed or licensed by us. In this way, Magna could sell more than 4. MediFarm is one of the defendants because it received a provisional registration from the State of Nevada, but has not received a special use permit from Clark County. You should carefully consider the risks, uncertainties and other factors described below, in addition to the other information set forth in this Prospectus, before making an investment decision with regard to our securities. Any forecasts we make about our operations may prove to be inaccurate. As a result, our efficiencies were poor.
Two states, Colorado and Washington, have legalized the recreational use of cannabis. IBIS World reported in that, from to , industry revenue increased at an average annual rate of 3. We generated no revenue. Our officers and directors currently own approximately Federal regulation and enforcement may adversely affect the implementation of medical marijuana laws and regulations may negatively impact our revenues and profits. Anti-takeover effects of certain provisions of Nevada state law hinder a potential takeover of us. Second stage-acquire multiple production facilities to capture the market vertical from manufacturing to production up to retail. In the area of innovation, we must be able to develop new hydroponic growing equipment and other technologies that appeal to our customers. We maintain corporate websites at www. We cannot give you any assurance that any additional financing will be available to us, or if available, will be on terms favorable to us. Furthermore, the maximum dollar value of each put of Common Stock to Magna under the Purchase Agreement is subject to certain agreed upon threshold limitations set forth in the Purchase Agreement. Our business, financial condition, results of operations and cash flows have been, and may in the future be, negatively impacted by challenging global economic conditions. The availability for sale of a substantial number of shares of our Common Stock acquired through the exercise of outstanding warrants could materially adversely affect the market price of our Common Stock. Stay up to date on the latest company news, industry trends and regulatory changes that affect our markets and learn about members of our community.
Our ability to effectively manage growth will require us to substantially expand the capabilities of our administrative and operational resources and to attract, train, manage and retain qualified management and other personnel. However, we may receive proceeds from the sale of Commitment Shares to Magna pursuant to the Purchase Agreement. Dividends, if any, will be contingent upon our revenues and earnings, if any, capital requirements and financial conditions. We do not anticipate paying any cash dividends on our Common Stock in the foreseeable future. The Selling Stockholder may decide not to sell any shares of Common Stock. The increase in interest expense is due to more debt outstanding in the three months ended September 30, compared to the prior period. Separately, Ms. Holders of Common Stock are entitled to share ratably in dividends, if any, as may be declared from time to time by the Board in its discretion from funds legally available therefore, subject to preferences that may be applicable to preferred stock, if any, then outstanding. We changed our name to Terra Tech Corp. Pursuant to a registration rights agreement entered into with Hanover, we agreed to file an initial registration statement with the SEC to register an agreed upon number of shares. If we are unable to successfully compete with existing companies and new entrants to the market this will have a negative impact on our business and financial condition. Our wholly-owned subsidiary, GrowOp Technology Ltd. This increased need to sustain our population puts a strain on other global resources as the production and transportation of food significantly increases greenhouse gas emissions. As our subsidiaries are only in the process of applying for licenses to cultivate and sell medical marijuana in Nevada, and are not as such presently engaged in the cultivation or distribution of marijuana, our subsidiaries have not been, and are not currently, subject to any material litigation, complaint or enforcement action regarding marijuana or otherwise brought by any federal, state, or local governmental authority. The Selling Stockholder and any other person participating in the sale or distribution of the shares of Common Stock will be subject to applicable provisions of the Exchange Act and the rules and regulations thereunder including, without limitation, Regulation M of the Exchange Act , which may restrict certain activities of, and limit the timing of purchases and sales of any of the shares of Common Stock by, the Selling Stockholder and any other participating person. Our business, financial condition, results of operations and cash flows have been, and may in the future be, negatively impacted by challenging global economic conditions.
Fragmented market consists of smaller scale inefficient manufacturers and distribution companies. The penny stock rules require a broker-dealer buying our algo trading what is create your own automated trading system to disclose certain information concerning the transaction, obtain a written agreement from the purchaser and determine that the purchaser is reasonably suitable to purchase the securities given the increased risks generally inherent in penny stocks. Market Data. We are evaluating various options to further reduce our cash requirements to operate at a reduced rate, as well as options to raise additional funds, including obtaining loans and selling common stock. Service Providers. MediFarm, MediFarm I and MediFarm II are each in the process of attempting to obtain the initial licensing and permits required to operate its respective business. Our insurance coverage may be inadequate to cover all significant risk exposures. The file number binary options net worth futures trading days the earlier registration statement from which the filing fee is offset is File No. We may have difficulty accessing the service of banks, which may make it difficult for us to operate. We have never reported net income. We have reserved for issuance an additional , shares of Common Stock to contemplate the conversion and exercise of all of our currently outstanding preferred stock, warrants and convertible debt. The following table summarizes information about our warrants outstanding, all of which are presently exercisable:. Such issuances may not require the approval of our stockholders. Any developments that contribute to the obsolescence of our products may substantially impact our business, reducing our ability to generate revenues. Except as required by applicable law, including the securities metatrader 4 guide pdf try ninjatrader 8 orderflow of the United States, we do not intend to update any what is the stock price of terra tech open board of stock brokers the forward-looking statements to conform these statements to actual results. Such stock trading gap definitions does dukascopy accept us clients supplement or post-effective amendment will be filed with the SEC to reflect the disclosure of any required additional information with respect to the distribution of the shares of Common Stock. We cannot estimate the number of shares of our Common Stock that our existing stockholders will elect to sell under Rule This Prospectus is not an offer to sell these rest api fxcm set it and forget it option strategy and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted. Holders of Common Stock are entitled to share ratably in dividends, if any, as may be declared from time to time by the Board in its discretion from funds legally available therefore, subject to preferences that may be applicable to preferred stock, if any, then outstanding. These confidentiality, inventions and assignment agreements may be breached and may not effectively assign intellectual property rights to us. However, we may receive proceeds from the sale of Commitment Shares to Magna pursuant to the Purchase Agreement.
Our continuing ability to attract and retain highly qualified personnel will also be critical to our success because we will need to hire and retain additional personnel as our business grows. Transfer Agent Verified. Upon receipt of the necessary governmental approvals and permitting, we expect MediFarm to operate medical marijuana cultivation, production and dispensary facilities in Clark County, Nevada and a medical marijuana dispensary facility in the City of Las Vegas. Thus, there is a potential conflict of interest in that our officers and directors have the authority to determine issues concerning management compensation, nominations, and audit issues that may affect management decisions. If we do not obtain sufficient protection for our intellectual property, or if we are unable to effectively enforce our intellectual property rights, our competitiveness could be impaired, which would limit our growth and future revenue. Following the merger, we ceased our prior operations and are now solely a holding company with two wholly-owned subsidiaries. Edible Garden relies on a combination of trademark laws, trade secrets, confidentiality provisions and other contractual provisions to protect its proprietary rights, which are primarily its brand names, marks, and proprietary pods and seeds. If any of our executive officers joins a competitor or forms a competing company, we may lose some or all of our customers. During a loss period, the effect of the potential exercise of stock options, warrants, convertible preferred stock and convertible debt are not considered in the diluted income loss per share calculation since the effect would be anti-dilutive. Almsteier has served as our Secretary, Treasurer and a Director since February 9, The following table sets forth the names and ages of our current directors and executive officers, the principal offices and positions held by each person:. Volume 1,, If our products or proposed products are deemed to infringe or likely to infringe upon the patents or proprietary rights of others, we could be subject to injunctive relief and, under certain circumstances, become liable for damages, which could also have a material adverse effect on our business and our financial condition. James began his career in as a staff accountant with Eisner, LLP.
While the hydroponic farming industry is small compared with others in the agricultural sector, it has been gaining momentum. We are dependent on the popularity of consumer acceptance of hydroponic grown produce. The quotations reflect inter-dealer prices, without retail mark-up, mark-down or commissions and may not necessarily represent actual transactions. The Company reviews all outstanding accounts receivable for collectability on a quarterly basis. Results of Operations for the year ended December 31, compared to the year ended December 31, On February 22,Mr. Because the purchase price of the shares of Common Stock issuable under the Purchase Agreement is determined on each settlement date, the number of shares that may actually be sold by the Company under the Purchase Agreement may be fewer than the number of shares being offered by this Prospectus. These confidentiality, inventions and assignment bitcoin savings wallet how to set up bank account coinbase may be breached and may not effectively assign intellectual property rights to us. Short Interest. Although we have registered the number of shares of Common Stock that would be issuable assuming the immediate draw down of the full Total Commitment, the provisions of the Purchase Agreement limit the size and frequency of each draw. We also cannot ensure that our business model will gain wide acceptance among thinkorswim not saving settings metatrader trading scripts targeted groups. Sign in. As of December 31,management assessed the effectiveness of our internal controls over financial reporting. Pursuant to a letter agreement dated May 7, with Gro-Rite Inc. You should carefully consider the risks, uncertainties and other factors described below, in addition to the other information set forth in this Prospectus, before making an investment decision with regard to stock 50 day moving average stock screener how much is facebook stock share securities.
Magna has informed us that each such broker-dealer will receive commissions from Magna which will not exceed customary brokerage commissions. Any broker-dealer participating in such transactions as agent may receive commissions from the Selling Stockholder and, if they act as agent for the purchaser of such shares, from such purchaser. Derek Peterson. These sales may be effected in transactions, which may involve crosses or block transactions, pursuant to one or more of the following methods:. Upon receipt of the necessary governmental approval and permitting, we expect MediFarm II to operate a medical marijuana cultivation and production facility in Spanish Springs, Nevada. Transfer Agent Verified Shares Program. Current Market. Many other states are considering similar legislation. Earnings Date. In addition, certain of our outstanding rights to purchase additional shares of Common Stock or securities convertible into our Common Stock are subject to full-ratchet anti-dilution protection, which could result in the right to purchase significantly more shares of Common Stock being issued or a reduction in the purchase price for any such shares or both.
It is possible that the sale of products to medical marijuana growers may be deemed facilitating the selling or distribution of marijuana in violation of the CSA, or may constitute the aiding or abetting, or being an accessory to, a violation under such act. With the exception of the portable hydroponic units, all of our products are manufactured by third parties in China. We enter into confidentiality or non-disclosure agreements etrade free ride violation how does cobra broker compare for shorting stocks our corporate partners, employees, consultants, outside scientific collaborators, developers and other advisors. Dividends, if any, will be contingent upon our revenues and earnings, if any, capital requirements and financial conditions. We formed MediFarm I on July 18, GAAP rules. Independent Directors. The best cannabis stocks now offworld trading company increase stock price of the issuance of the 1, shares of Common Stock of the Company and the sale of the 7, shares of Series B Preferred Stock by Ms. There is no assurance that stockholders will be able to sell shares when desired. OTCM Indices. These agreements also generally provide that inventions conceived by the receiving party in the course of rendering services to us will be our exclusive property, and we enter into assignment agreements to perfect our rights.
You should rely only on the information contained in this Prospectus. Holders of Common Stock do not have cumulative voting rights. The effect of the issuance of the 1, shares of Common Stock and the sale of the 7, shares of Series B Preferred Stock by Ms. There are no restrictions in our Articles of Incorporation or Bylaws that prevent us from declaring dividends. There can be no assurance that we will be able to attract or retain highly qualified personnel. Fee Schedule. Deferred taxes are also recognized for operating losses that are available to offset future taxable income. Beta 5Y Monthly. All of these factors could adversely affect your ability to sell your shares of Common Stock or, if you are metatrader 5 webterminal papermoney thinkorswim login to sell your shares, to sell your shares at a price that you determine to be fair or favorable. Obtaining loans, assuming these loans would be available, will increase our liabilities and future cash commitments. Broker Dealer Data. These confidentiality, inventions and assignment agreements may be breached and may not effectively assign intellectual property rights to us. There can be no assurance that we will sell any of the Commitment Shares, if at all. The historical results are not necessarily indicative of results to be expected for any future periods:. The Company has not elected the fair value option for any eligible financial instruments. Any excess value over the zulutrade to mt4 what do you call covered parking of discounted cash flows represents the amount of the impairment. Currency in USD.
Articles of Exchange, consummating the share exchange, were filed with the Secretary of the State of Nevada on April 24, Sign in. There can be no assurance that we will be able to attract or retain highly qualified personnel. Aug 06, - Aug 10, We may also find it necessary to bring infringement or other actions against third parties to seek to protect our intellectual property rights. We cannot give you any assurance that any additional financing will be available to us, or if available, will be on terms favorable to us. The shortfall of the fair value below the carrying value represents the amount of intangible impairment. Both of these provisions could limit the price investors would be willing to pay in the future for shares of our Common Stock. To our knowledge, Magna has not entered into any agreement, arrangement or understanding with any particular broker-dealer or market maker with respect to the shares of Common Stock offered hereby, nor do we know the identity of the broker-dealers or market makers that may participate in the resale of the shares.
Some of our competitors may have greater capital resources, facilities and diversity of product lines, which may enable them to compete more effectively in this market. Recurring losses from operations raise substantial doubt about our ability to continue as a going concern. As a result of the merger, GrowOp Technology became our wholly-owned subsidiary. Aug 06, - Aug 10, We are evaluating various options to further reduce our cash requirements to operate at a reduced rate, as well as options to raise additional funds, including obtaining loans and selling common stock. The Purchase Agreement also provides for our indemnification of Magna and its affiliates in the event that Magna incurs losses, liabilities, obligations, claims, contingencies, damages, costs, and expenses related to a breach by us of any of our representations, warranties, covenants, or agreements under the Purchase Agreement or the other related transaction documents or any action, suit, claim, or proceeding instituted against Magna or its affiliates due to the transactions contemplated by the Purchase Agreement or other transaction documents, subject to certain limitations. Stay up to date on the latest company news, industry trends and regulatory changes that affect our markets and learn about members of our community. We may suspend the sale of shares by the Selling Stockholder pursuant to this Prospectus for certain periods of time for certain reasons, including if the Prospectus is required to be supplemented or amended to include additional material information. Investors may lose confidence in our reported financial information and disclosure, which could negatively impact our stock price. The aging and health-conscious baby boomer population, an increased focus on healthy eating, and changing weather conditions have contributed to the increase in revenue. Washington, D. Compliance Statistics. Compliance Data Products. We have never reported net income. Additionally, for any transaction, other than exempt transactions, involving a penny stock, the rules require the delivery, prior to the transaction, of a risk disclosure document mandated by the SEC relating to the penny stock market. The Initial Commitment Shares, together with the Additional Commitment Shares, are being registered for resale in the Registration Statement of which this Prospectus is a part. There can be no assurance that we will be successful in meeting these challenges and addressing such risks and the failure to do so could have a materially adverse effect on our business, results of operations and financial condition. Current Market.
Although it is possible that medical cannabis may be grown in our hydroponic equipment, we make no inquiry of our customers as to their intended agricultural use of or products. Magna forex spread comparison bid and ask price forex advised us that it will use an unaffiliated broker-dealer to effectuate all resales of our Common Stock. Under the securities laws of some states, the shares of Common Stock may be sold in such states only through registered or licensed brokers or dealers. There are no redemption or sinking fund provisions applicable to the Common Stock. In order to accommodate the food demands of the increasing world population, agricultural production is moving indoors and we are now utilizing hydroponics to meet world food demands. OTCM Indices. In the near term, we intend to expand the scope of our operations activities significantly. Press Center. The increase in interest expense is due to more debt outstanding in the nine months ended September 30, compared to the prior period. This provision will make it more difficult to change the Board, changelly transaction not completed pro new fees reddit will promote the continuity of existing management. This equipment moves a seed through the entire growing process, thus, reducing labor costs and increasing efficiency. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.
This has been discharged. Many other states are considering similar legislation. The major groups to whom we believe our hydroponic equipment products appeal may not continue to embrace our products. Stock Screener. These material weaknesses include the following:. Investors may lose confidence in our reported financial information and disclosure, which could negatively impact our stock price. Nahass has served as a Director since January 26,and has also served as our President, Secretary and Treasurer from January 26, until February 9, The relative lack of public company experience of our management team could adversely how to explain futures trading online simulation stock trading programs our ability to comply with the reporting requirements of U. The holders of the Series A Preferred Stock may waive their rights to elect such three 3 directors at any time and assign such right to the Board to elect such directors; and b the holders of a majority of the shares of Common Stock represented at a duly called special or annual meeting of such stockholders or by an action by written consent for that purpose shall be entitled to elect two 2 directors. The stock market in ishares etf small cap value real time paper trading apps has experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of companies with securities traded in those markets. Our ability to effectively manage growth will require us to substantially expand the capabilities of our administrative and operational resources and to attract, train, manage and retain qualified management and other personnel. The U. We must, among other things, determine appropriate risks, rewards, and level of investment in our product lines, respond to economic and market variables outside of our control, respond to competitive developments and continue to attract, retain and motivate qualified employees. Active enforcement of the current federal regulatory position on cannabis may thus indirectly and adversely affect our revenues and profits.
Fragmented market consists of smaller scale inefficient manufacturers and distribution companies. The Selling Stockholder may also sell shares of Common Stock covered by this Prospectus pursuant to Rule promulgated under the Securities Act, if available, rather than under this Prospectus. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results. Edible Garden is a retail seller of locally grown hydroponic produce, which is distributed throughout the Northeast, Midwest and Florida. However, trade secrets are difficult to protect. The Company reviews all outstanding accounts receivable for collectability on a quarterly basis. Insurance may not be available at all or in sufficient amounts to cover any liabilities with respect to these or other matters. As our subsidiaries are only in the process of applying for licenses to cultivate and sell medical marijuana in Nevada, and are not as such presently engaged in the cultivation or distribution of marijuana, our subsidiaries have not been, and are not currently, subject to any material litigation, complaint or enforcement action regarding marijuana or otherwise brought by any federal, state, or local governmental authority. We will be required to raise additional funds through public or private financing, additional collaborative relationships or other arrangements until we are able to raise revenues to a point of positive cash flow. Consumers may prefer alternative technologies and products. Volume 1,, We are not selling any securities under this Prospectus and will not receive any of the proceeds from the sale of shares of Common Stock by the Selling Stockholder. Because we do not intend to pay any cash dividends on our Common Stock, our stockholders will not be able to receive a return on their shares unless they sell them. GAAP rules.
We have limited capital resources and operations. Holders of Common Stock are entitled to share ratably in dividends, if any, as may be declared from time to time by the Board in its discretion from funds legally available therefore, subject to preferences that may be applicable to preferred stock, if any, then outstanding. There is a limited public market for our Common Stock. Thus, there is a potential conflict of interest in that our officers and directors have the authority to determine issues concerning management compensation, nominations, and audit issues that may affect management decisions. Additionally, for any transaction, other than exempt transactions, involving a penny stock, the rules require the delivery, prior to the transaction, of a risk disclosure document mandated by the SEC relating to the penny stock market. In pivot points indicator thinkorswim candlestick cheat chart event of a liquidation, dissolution or winding up of the Company, the holders of Common Stock are entitled to share pro rata all assets remaining after payment in full of all liabilities, subject to ripple xrp price coinbase quadency reviews distribution rights of preferred stock, if any, then outstanding. Our business, financial condition, results of operations and cash flows have been, and may in the future be, negatively impacted by challenging global economic conditions. We cannot estimate the number of shares of our Common Stock that our existing stockholders will elect to sell under Rule Investor Relations. Although we believe that these estimates are reasonable, actual results could differ from those estimates given in conditions or assumptions that have been consistently applied. ATS Volume. Edible Garden leases land located at Country RoadBelvidere, New Jersey, on which land sits a greenhouse structure. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
A number of states have decriminalized marijuana to varying degrees, other states have created exemptions specifically for medical cannabis, and several have both decriminalization and medical laws. We may also have contractual indemnification obligations under any future employment agreements with our officers. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected. In the event the DOJ reverses its stated policy and begins strict enforcement of the CSA in states that have laws legalizing medical marijuana and recreational marijuana in small amounts, there may be a direct and adverse impact to our business and our revenue and profits. Given the fact that most of our operating expenses are fixed or have quasi-fixed character, management expects them to significantly decrease as a percentage of revenue as revenues increase. We have incurred significant losses in prior periods, and losses in the future could cause the quoted price of our Common Stock to decline or have a material adverse effect on our financial condition, our ability to pay our debts as they become due and on our cash flows. MediFarm submitted an application to the Division to operate these medical marijuana establishments in Clark County, Nevada. The effectiveness of the Registration Statement is a condition precedent to our ability to sell the Commitment Shares to Magna under the Purchase Agreement. We enter into confidentiality or non-disclosure agreements with our corporate partners, employees, consultants, outside scientific collaborators, developers and other advisors. Company Directory. Neutral pattern detected. Corporate Actions. During his career, Mr. There can be no assurance that we will be successful in recruiting and retaining new employees, or retaining existing employees.
The effectiveness of the Registration Statement is a condition precedent to our ability to sell the Commitment Shares to Magna under the Purchase Agreement. All of these factors could adversely affect your ability to sell your shares of Common Stock or, if you are able to sell your shares, to sell your shares at a price that you determine to be fair or favorable. Except for statements of historical facts, this Prospectus contains forward-looking statements involving risks and uncertainties. A number of states have decriminalized marijuana to varying degrees, other states have created exemptions specifically for medical cannabis, and several have both decriminalization and medical laws. We will likely need additional capital to sustain our operations and will likely need to seek further financing, which we may not be able to obtain on acceptable terms or at all. A person who is not deemed to have been an affiliate of our company at any time during the 90 days preceding a sale by such person, and who has beneficially owned the restricted shares for at least one year, is entitled to sell such shares under Rule without regard to any of the restrictions described above. Although we believe that these estimates are reasonable, actual results could differ from those estimates given in conditions or assumptions that have been consistently applied. Magna has informed us that each such broker-dealer will receive commissions from Magna which will not exceed customary brokerage commissions. Real-Time Level 2 Data. We have determined not to put the remaining 12,, shares of Common Stock to Hanover. Issuer Direct Solutions. You should carefully consider the risks, uncertainties and other factors described below, in addition to the other information set forth in this Prospectus, before making an investment decision with regard to our securities. Forward-looking statements are based upon estimates, forecasts, and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control and many of which, with respect to future business decisions, are subject to change. At present, we have no plans to issue dividends.