|Bid||0.0850 x 0|
|Ask||0.2700 x 0|
|Day's Range||0.1450 - 0.1500|
|52 Week Range||0.0700 - 0.2000|
|Beta (3Y Monthly)||0.15|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
TORONTO, May 28, 2019 (GLOBE NEWSWIRE) -- (FTI.V) – FTI Foodtech International Inc. (“FTI” or “the Company”) announces it has withdrawn from negotiations with Stemtech Corporation (“Stemtech”) connected with the MOU announced March 21, 2019. FTI and Stemtech have been working together since the announcement to reach a mutually beneficial arrangement to develop a blockchain application for the Multi-Level Marketing (MLM) industry. The Company has changed its auditor from Collins Barrows Toronto, LLP (CBT) to NVS Chartered Accountants Professional Corporation (NVS). Since the appointment of CBT, there have been no reservations in any auditor's reports nor any reportable events as defined in National Instrument 51-102 in connection with the audits conducted by CBT. CBT resigned as Auditors of the Corporation, leaving on good terms with the Corporation.
FTI Foodtech International Inc. (FTI.V) (“the Company”) announces it has signed an MOU with Stemtech (“Stemtech”) to develop a blockchain application for the Multi-Level Marketing (MLM) industry. FTI to issue 2,733,773 shares (20% of current outstanding shares of FTI) to Stemtech in exchange for 1,060,000 shares of Stemtech (20% of outstanding). Direct Investment – Stemtech and its investors shall participate in a private placement with FTI for a total of CAD $500,000 at $0.25 per share, with an equal amount of warrants at CAD $0.45 per share with a one year expiry. FTI has the option to invest some of the proceeds of the warrants exercise at Stemtech’s next round at 20% DTM (discount to market). It is contemplated that this will be laid out in two tranches of approximately CAD $250,000 each, approximately ten weeks apart.
TORONTO, Feb. 28, 2019 -- FTI Foodtech International Inc. (TSXV: FTI) (“the Company”) announces its intention to amend the warrants issued in conjunction with its private.
A look at the shareholders of FTI Foodtech International Inc (CVE:FTI) can tell us which group is most powerful. Insiders often own a large chunk of younger, smaller, companies while Read More...