Pladeo Corp. acquired Capital Growth Corporation from Joel Schneider and others.
March 04, 2014 at 11:00 pm EST
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Pladeo Corp. acquired Capital Growth Corporation (CGC) from Joel Schneider, Continental Equities LLC, AHB Associates and others on February 27, 2014. Pladeo acquired 100% of the issued and outstanding shares of CGC and 100% of the issued and outstanding common stock purchase warrants of CGC; in exchange thereof, Pladeo issued or will issue to the CGC shareholders an aggregate 5 million shares of its common stock (including 4.5 million shares to Joel Schneider) and 1.5 million common stock purchase warrants exercisable for a term of five years commencing six months from the date of issuance at an exercise price $1.00 per share. As a result of the exchange agreement, there will be 15.4 million shares of common stock issued and outstanding of Pladeo, and 15 million warrants issued and outstanding. Transaction was approved by Capital Growth Corporation shareholders. The transaction is subject to all required consents and regulatory approvals, opinion of CGC's counsel and other customary closing conditions.
Pladeo Corp. completed the acquisition of Capital Growth Corporation (CGC) from Joel Schneider, Continental Equities LLC, AHB Associates and others on February 27, 2014.
The MaryJane Group, Inc. is engaged in providing lodging, events, spa services and brand merchandising concentrated in the cannabis industry. The Company's subsidiaries are engaged in providing financing to assist Colorado marijuana growers, providing cannabis-friendly lodging and providing value added services of information and entertainment to consumers supporting the recreational marijuana industry. The Company offers a guest package, which includes a Wake and Bake Breakfast, a 4:20 Happy Hour and a facility to consume marijuana and marijuana edibles. Its Bud + Breakfast locations allow the Company to book tours and sell its branded apparel, merchandise and remaining glass products to guests. Its Hotel San Ayre consists of lounge that includes various amenities, including a game room, hot tub and outdoor lounge area. In addition, the Company operates the Websites, including www.themaryjanegrp.com and www.budandbfast.com.