New York (February 15th, 2013) - Medical Marijuana Inc. (OTC Pink:MJNA), a leading hemp industry innovator, announced that its portfolio company, Red Dice Holdings, Dixie Elixirs & Edibles brand was featured on, February 12th, on Fast Company as part of their Innovation Agents series.
Launched in November 1995 by Alan Webber and Bill Taylor, two former Harvard Business Review editors, Fast Company magazine was founded on a single premise: A global revolution was changing business, and business was changing the world. Discarding the old rules of business, Fast Company set out to chronicle how changing companies create and compete, to highlight new business practices, and to showcase the teams and individuals who are inventing the future and reinventing business.
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On January 31, 2013, LaserLock Technologies, Inc. (OTCQB: LLTI) and VerifyMe, Inc., a Texas corporation, entered into a Subscription Agreement.
Pursuant to the terms and conditions of the Subscription Agreement, LaserLock issued to VerifyMe 33,333,333 shares of preferred stock of the Company and a warrant to purchase 33,333,333 shares of common stock of the Company with an exercise price of $0.12 per share.
The aggregate purchase price for the shares issued pursuant to the terms of the Subscription Agreement is $1,000,000 (or $0.03 per share).
LaserLock will use the proceeds received pursuant to the Subscription Agreement to pay expenses incurred in the normal course of business consistent with the Company's business plan.
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