DENVER, CO--(Marketwired - Oct 25, 2016) - FutureLand Corp (OTCQB: FUTL), a leading provider of strategic real estate investment, grow facilities, and solutions to the global cannabis industry, today announced a response to numerous shareholder inquiries about volatility in the market for its common stock, November vote on marijuana this fall, and California's major shift.
A Quantum Shift
This is a pivotal year for American drug policy. More states than ever before will consider easing restrictions on marijuana use this November: Voters in five states will decide whether to fully legalize recreational use, while voters in four more will weigh in on whether to allow medical marijuana. Big state victories for the pro-marijuana contingent -- recreational weed in California, medical marijuana in Florida -- could widen the gap between state and federal marijuana policies, ratcheting up pressure on Congress and the next presidential administration to provide a fix.
The vote alone, on Proposition 64 in California, may eradicate much of the stigma against cannabis primarily because it will make the product legal for adult consumption in the largest US marketplace. The proposition details a plan to protect children and potentially generate over $1B in tax revenue for the state of California. Initially, the total retail value of medical marijuana consumed in California can be estimated at between $1.5 and $4.5 billion per year which could swell to $6 billion or more by 2020.
Besides California; Nevada, Maine, Arizona and Massachusetts will vote on recreational marijuana legalization in November. These votes will create an unprecedented quantum shift in the industry that may surpass $200+ billion in sales in less than a decade, enabling companies such as FutureLand Corp. to reach new heights.
FutureLand on Track
As of October 14, 2016, FutureLand owns 240 acres in Colorado and 78 acres in Oregon. Although the Colorado property has encountered some delays, the Company's Oregon property is moving briskly, getting prepared for a recreational license and a large grow facility. The Company also, in the coming weeks, intends to move into California and Nevada by acquiring specialty zoned properties to lease or to grow.
The Company's Oregon facility is on the edge of California and Oregon's Emerald Triangle which is the largest cannabis-producing region in the United States. Based on the Brightfield Group report dated January 11, 2016, on RANKING OF BEST PLACES FOR CANNABIS INVESTMENT, Colorado and Oregon took the top spots.
In coming years, the Company is expecting to become the defacto leader in specialty zoned real-estate leasing with major grow operations around the country and Puerto Rico.
November's unprecedented vote will undeniably effect cannabis stocks especially successful companies with a track record like FutureLand Corp.
Our Stock Price
Previously in 2016, the Company raised growth capital with convertible debentures, a form of debt which is convertible into common stock. With the Company's fundamentals better today than ever before, we believe that these convertible debentures have distorted the true value of the Company.
"Regrettably, debt fund raising was something that we needed to do to get ramped up, but it will be a temporary measure. Going forward we are planing on raising funds through equity offerings or SEC Registrations," said Cameron Cox, FutureLand CEO. "As the Company's largest shareholder, since my own value is at risk much like other shareholders, we are moving away from debt and instead concentrating our efforts in raising funds through equity offerings.
"Our stock price today represents a gross market distortion in market capitalization, or equity value, in comparison to where the Company was at a year ago with little to no operations and assets. Case in point, our market cap was approximately $40 million a year ago with little to no operations -- or about 35 times that of yesterday's closing value.
"Today," Mr. Cox concluded, "FutureLand has been working for months on several major new business opportunities and initiatives that we anticipate closing and announcing shortly."
About FutureLand Corp
FutureLand Corp., a Colorado company, is a cannabis and hemp specialty zoned land leasing company formed to capitalize upon the emerging global cannabis market. FutureLand, focuses on target acquisition, zoning, license fulfillment, site plan preparation and financing of cannabis or hemp grow facilities throughout the United States. We give growers the opportunity to grow. We monetize through leasing the land, leasing the structures on the land, financing interest revenue and management fees associated with cultivation centers. FutureLand retains ownership of all the land and the structures. FutureLand leases to both medical marijuana, retail marijuana as well as industrial hemp growers. FutureLand does not currently grow, distribute or sell marijuana, but this is about to change. To request further information about FutureLand, please email us at firstname.lastname@example.org, log onto our website at http://www.futurelandcorp.com, or visit us on FB @ futurelandcorp and Twitter @futurelandcorp.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.