Denver, Colorado, Jan. 04, 2016 (GLOBE NEWSWIRE) -- FutureLand Corp. (OTC: FUTL), a leading provider of strategic real estate investment and grow facilities and material solutions to the global cannabis industry, today announced that on December 22, 2015, its Board of Directors approved a forward stock split through a stock dividend whereby each share of common stock would effectively be split into three shares of common stock. The Company will issue a dividend of two shares of common stock for every one share issued and outstanding on the "record date". The “record date” and “dividend date” will be set with the approval of FINRA, and FUTL common stock is expected to begin trading on a split-adjusted basis on the post dividend date. After the dividend date, those holding physical certificates must turn their certificates back into the transfer agent for new certificates. All others shall receive their new share(s) electronically through their brokers on the dividend date.
The Company will file with FINRA for approval of this forward stock split.
"Yesterday the Board took an important step forward for our loyal stockholders. We believe the stock split will make the stock more attractive to a larger portion of the investing community, create more liquidity and provide a bonus to our current loyal shareholders," stated Cameron Cox, Chief Executive Officer. "As we continue to grow our business, increase revenue and expand our stockholder base among retail and institutional investors, the stock split is further testament to our Board and management team's confidence in the future prospects for the company," concluded Mr. Cameron Cox, President and Chief Executive Officer.
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. To request further information about FutureLand, please email us at info@futurelandcorp.com, log onto our website at http://www.futurelandcorp.com, or visit us on FB @ futurelandcorp and Twitter @futurelandcorp.
Safe Harbor Statement
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.