The NOW Corporation Entered Into Equity Purchase Agreement with Red River Ventures

The NOW Corporation (OTC PINK: NWPN) and Red River Ventures, LLC, have entered into an Equity Purchase Agreement.
According to the press release:

As part of the negotiated deal terms, The NOW Corporation will receive a capital injection of $5,000,000 in order to begin construction on its first Colorado-based hydroponic facility.
Furthermore, as part of the negotiations, The NOW Corporation will receive $5,000,000 upon filing an S-1 Registration Statement with the Security and Exchange Commission, which is expected to take place within the next 75 days. As a result, The NOW Corporation’s management team expects to begin construction of its first hydroponic facility in the first quarter of 2016.
To continue, the facility will be used to grow industrial hemp in a controlled environment in order to ensure ideal growth conditions and maximum number of harvests throughout the year. Additionally, each acre is estimated to grow 28,800 hemp plants with an expected 5 grams of CBD’s per plant at an expected market value minimum of $25 per gram with three to four harvests per year (28,800 plants x 5 grams @ $25 x 3 to 4 harvests per year). All of which potentially represents over $12,000,000 in projected gross revenues to the company.

Click here to read the full press release.