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MCapMediaWire --Freedom Holdings, Inc. aka Freedom Acquisition Corp (OTC: FHLD )(“FHLD” or the "Company”), is pleased to announce that ithas closed on the Definitive Agreement with MEDcann Industries asannounced.
TheClosing took place on February 3, 2023, and the terms of the agreementhave been consummated as follows:
- MedCann haspurchased 40,000,000 Freedom restricted common shares for $50,000.00and
- Brian Kistler has resigned allOfficer/Director positions only to serve as an advisor for a period of2 years to insure a smooth transition and
- John Vivian, CEO of MedCann has been appointed as the Chairmanand CEO of Freedom, Robin Wright as C.F.O. and
- MEDcann (as the parent company) has assumedthe debt and ongoing operational costs of Freedom.
- All financial disclosures are to be broughtcurrent.
Brian Kistler, outgoing CEO, and Director stated: “Thisopportunity for the Company to take on the operations of MedCannIndustries as a majority owned subsidiary will launch Freedom into thelucrative Cannabis industry for future development. I am pleased forthe control of the Company to be taken over by the new management fora breath of new life for all of the shareholders.”
John Vivian, incomingCEO and Chairman of the Board commented “I want to thank Brian forhis confidence in our ability to take Freedom to new levels ofshareholder value as we execute our plan of moving all operations intoFreedom just as soon it is possible. We will update our shareholdersas the plan unfolds.”
“I am also pleased to have Ms. Wright join me on the Board ofDirectors and believe that our future is bright with their influenceand expertise” concluded Vivian.
BUSINESS DESCRIPTION: MEDcann Industries, Inc. - Medical Cannabis, Inc. is a developer and provider of nextgeneration Cannabis driven products such as CBD & THC, cannabis420 beverages, and Medical treatment solutions with Cultivation tohelp customers and patients increase their medical health andtreatments to improve their illnesses and Cancers.
Press ReleaseContact:
JohnVivian
CEO
MEDcann Industries,Inc
813-699-4098
Safe Harbor Statement
This press release contains statements, whichmay constitute forward-looking statements within the meaning of theSecurities Act of 1933 and the Securities Exchange Act of 1934, asamended by the Private Securities Litigation Reform Act of 1995. Thosestatements include statements regarding the intent, belief, or currentexpectations of the Company, members of its management, andassumptions on which such statements are based. We caution prospectiveinvestors that any such forward-looking statements are not guaranteesof future performance and involve risks and uncertainties and thatactual results may differ materially from those contemplated by suchforward-looking statements.
ContactDetails
MEDcann Industries, Inc
JohnVivian
+1 813-699-4098
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