Kodiak Capital Group commits to purchase common shares over one year
By Devika Patel
Knoxville, Tenn., April 11 – FutureLand Corp. arranged a $1 million equity purchase agreement with Kodiak Capital Group, LLC on April 8, according to an 8-K filed Monday with the Securities and Exchange Commission.
The investor has committed to purchase up to $1 million of the company’s common shares over the course of one year. The purchase price will be equal to 70% of the lowest closing bid price of the stock on any of the five trading days following the put notice.
Based in Saint Petersburg, Fla., FutureLand, Corp., formerly known as Aegea, Inc., is a land acquisition and management company for cannabis and hemp growing operations.
| Issuer: | FutureLand Corp.
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| Issue: | Equity purchase agreement
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| Amount: | $1 million
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| Tenor: | One year
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| Price: | 70% of the lowest closing bid price of the stock on any of the five trading days following the put notice
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| Warrants: | No
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| Investor: | Kodiak Capital Group, LLC
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| Pricing date: | April 8
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| Stock symbol: | OTCBB: FUTL
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| Stock price: | $0.24 at close April 7
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| Market capitalization: | $7.48 million
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