Northsight Capital Inc. ("NCAP") (OTCBB: NCAP) has Determined not to Proceed with its Planned Acquisition of Stargreen Enterprises, LLC
SCOTTSDALE, AZ / ACCESSWIRE / May 4, 2017 / Northsight Capital Inc. ("NCAP") (OTC PINK: NCAP) has determined not to proceed with its planned acquisition of Stargreen Enterprises, LLC, a Los Angeles, California, company ("Stargreen").
Stargreen informed NCAP that it has not raised the minimum $2.5 million for the company called for by the LOI. In addition, Stargreen suggested substantial changes to the proposed transaction terms, which NCAP management believed were not in the best interests of the company's shareholders. Based on the foregoing, NCAP management has determined to terminate the planned acquisition transaction with Stargreen.
About Northsight Capital, Inc.
Northsight Capital, Inc. ("NCAP") is comprised of a portfolio of online marijuana-related websites that are being developed and operated by the company. These sites incorporate many aspects of the marijuana industry. The company provides its audience with a means to stay informed on the industry's most cutting-edge marijuana-related innovations and legislation. The company's most dynamic concept, WeedDepot.com, provides consumers with a geo-targeted map directory of medical and recreational dispensaries, head shops, doctors, attorneys and more within the marijuana industry. The Weed Depot app can be downloaded for free at the iTunes Store and Google Play. Weed Depot has an entire platform of content suited for every aspect of advertising and marketing to consumers from all businesses in the cannabis industry.
The company's 420Careers.com is a leading job site in the Cannabis space with 3,000 to 5,000 visitors a day and approximately 1 million page views per month.
Northsight's additional current websites include:
MJBizwire.com
MarijuanaRecipes.com
RateMyStrain.com
WikiWeed.com
MarijuanaMD.com
MarijuanaHealthtips.com
Forward-Looking Statements:
Various statements in this release, including those that express a belief, expectation or intention, may be considered "forward-looking statements" that involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects or transactions. Forward-looking statements may also include projections and estimates concerning our future operating results and financial condition. When we use the words "will," "believe," "intend," "expect," "may," "should," "anticipate," "could," "estimate," "plan," "predict," "project," or their negatives, or other similar expressions, the statements which include those words are usually forward-looking statements. When we describe strategy that involves risks or uncertainties, we are making forward-looking statements. The forward-looking statements in this press release speak only as of the date of this press release; we disclaim any obligation to update these statements. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control.
John Venners, 480-385-3800
[email protected]
SOURCE: Northsight Capital Inc.