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Category V Biotech, Inc Announces Letter of Intent to Acquire Genetic Networks, Expanding into Biotechnology Sector
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Letter to Shareholder August 18, 2021 regarding CE, Disclosures and Adar Bays Litigation
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Letter to Shareholder August 18, 2021 regarding CE, Disclosures and Adar Bays Litigation
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4Cable TV International, Inc. (OTC:
CATV) (the Company or CATV ) announced today that it completed the acquisition of all of the outstanding capital stock of Green Bros, S.A.S. ( Green Bros ). Green Bros, based in Medellín, Colombia, owns four cannabis licenses to cultivate, manufacture, and export Cannabis-related products.
At the beginning of 2021, the Colombian Ministry of Health and Social Protection published a draft bill (relating to Law 1787 and Decree 613 from 2017), which, among other things, seeks to facilitate access to Cannabis products for Colombians and allow Colombia companies to export THC dry flower. The Company recognized this opportunity as a means to further its transformation into a fully integrated global Cannabis business. The Company acquired Green Bros to initiate its ability to cultivate THC for the Company s international Cannabis business.
Green Bros S.A.S. in an all-stock deal valued at $50,000.
Under the deal, 4Cable will compensate the acquisition with its Series B shares worth around $50,000.
Medellín, Colombia-based Green Bros runs a 3.5 acres property in Guarne, at 7,050 feet above sea level, near José María Córdova International Airport. It is awaiting the GAP and GMP Certifications while currently owning the following four cannabis licenses:
To cultivate non-psychoactive cannabis plants;
To cultivate of psychoactive cannabis plants;
The manufacture and export of cannabis derivatives;
The production and commercialization of cannabis seeds.
4Cable aims to remodel its business into a “fully integrated global cannabis business,” and to commence THC cultivations for its international cannabis sector.