Cannabis Cultivation in Nevada
INCLINE VILLAGE, NEVADA, UNITED STATES, September 21, 2017 /EINPresswire.com/ —
Private Placement of Preferred Stock with a Term of Seven Years Convertible to Common One for Two Paying 10% Interest Quarterly and Callable After Three Years, Insured Through Independent Credit Default Swap
INCLINE VILLAGE, NV / ACCESSWIRE / September 20, 2017 / Today, OrgHarvest (OTC PINK: HSPG), while at the Board Meeting with members Dr. Dean Cohen, James Adams, Frank Celecia, announced availability as of September 20, 2017, enabling investors to purchase preferred series "A" shares convertible for one (1) preferred share to two (2) common shares anytime in the first three (3) years, paying 10% interest quarterly, and backed by (CDS) Credit default swaps to protect Investor from default by the company. The company continues to find a working relationship with an investment bank and offers shares directly to the public via https://hslinc.venture360.co/apply/investor/register.
"We will be one of the largest cultivators in Nevada of cannabis, with production of 13 tons a year from 140 thousand square feet of greenhouses," said Frank Celecia, CEO. For a link to our Private Placement offering, click here: https://hslinc.venture360.co/apply/investor/register. Also, be sure to visit our website at: www.orgharvest.us.
Name and Symbol Change
OrgHarvest is a new company in the Nevada recreational marijuana industry dedicated to cultivating cannabis. Home Shopping Latino, Inc. is the parent company of OrgHarvest and is registered in the state of Delaware. Home Shopping Latino, Inc. ("HSL, Inc.") trades publicly under the stock symbol "HSPG" on the Over-the-Counter Market in the USA (OTC PINK: HSPG). Home Shopping Latino, Inc. is doing business as (dba) OrgHarvest. The company will submit the necessary information and will file for a symbol change to "ORGH."
Existing Common Shareholders
Shareholders of common shares of HSL, Inc. do not have to do anything with their existing shares, as these will automatically be converted one for one in the new company, OrgHarvest.
The company will file for a name change to OrgHarvest. OrgHarvest will cultivate high-quality cannabis and cannabis plants. The company's goal is to provide high-quality cannabis to retail marijuana stores, manufacturing, and other cultivation facilities in Las Vegas, Reno, and the surrounding areas.
The company will distribute cannabis through wholesale transactions to qualified marijuana establishments. The company will operate under stringent quality control processes with all of the marijuana products to be distributed only after passing all state-required inspections by independent third party testing facilities and internal inspections, before being provided to the end users. The company will seek to obtain a license to operate a cultivation and production facility from the Department of Taxation in the state of Nevada.
OrgHarvest will not only strive to provide high quality cannabis, but will also produce it in the most sustainable manner. We are poised to become an industry leader in the cannabis industry. The target market for OrgHarvest is comprised of retail stores, processors, and the 45 million tourists that visit Las Vegas and Reno/Lake Tahoe each year, as well as adjacent producers interested in local businesses and farms that create products from the ground up.
Detail of Default Swap
TRINITY HARVEST FINANCIAL SERVICES is pleased to make this exclusive offer of a specialty credit default swap facility to all potential investors of OrgHarvest for preferred stock purchases. This credit default swap will be underwritten by Adelaide Credit Swap Holdings at market pricing. Each investor (or prospective investor) would be given a term sheet specific to their individual investment. This facility adds an extra layer of risk protection to an already excellent investment.
Adelaide Credit Swap Holdings:
Adelaide has reviewed the challenges and obstacles that were presented with this investment and are subject to our underwriting criteria, including any and all special conditions and or contingencies for which we are able to provide a term sheet directly to any accredit investor.
This protection and hedging risk that we provide will be done through a non-security based credit default swap, written as a private party transaction (between the prospective investor and credit default provider), over-the-counter (OTC). Our swaps do not process through a clearinghouse. ISDA Uniform documents will be available, if needed (subject to counter-party risk), subject to copyright and licensing protocols required by the International Swaps and Derivatives Association.
We will voluntarily report all swap transactions to all appropriate regulators, including the Commodity Futures Trading Commission (CFTC). Our books and records will be available for inspection, in accordance with federal statutes, which regulate this market. Swap transactions may also be subject to reporting requirements with swap data repositories (SDR's).
If interested, please contact Jim Thomas at: firstname.lastname@example.org.
Recent research indicates that the cannabis industry has been growing steadily and rapidly since the passage of laws allowing the distribution of marijuana. According to Oakland-based marijuana angel investment network, The ArcView Group (Executive Summary, 5th Edition), national legal sales for 2016 grew to $6.7 billion from $5 billion in 2015, fueled by explosive growth in adult use market sales. The growth continues in a robust pattern that ArcView estimates will lead to a $22.6 billion market in 2021 at a 27% compound annual growth rate.
In November 2016, a new set of regulations paved the way for a recreational marijuana market in Nevada. The state of Nevada began recreational sales on July 1, 2017 which is expected to register a compound annual growth rate of 42% over the next five years, thus adding up to $433 million in sales annually by 2021. The evolving legal environment combined with changing public attitudes are all factors contributing to a perfect storm to cultivate industry growth.
OrgHarvest's Private Placement can be downloaded in one convenient location at https://hslinc.venture360.co/apply/investor/register.
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Source: EIN Presswire