Debt |
3 Months Ended |
|---|---|
Mar. 31, 2018 | |
| Debt Disclosure [Abstract] | |
| Debt |
NOTE 4 – DEBT
During the three months ended March 31, 2018, the Company received additional capital of approximately $525,000 from the existing mortgage on its cannabis cultivation and processing facility currently in development in Massachusetts.
During the three months ended March 31, 2017, the Company raised $400,000 from the issuance of a promissory note with an interest rate of 10% and a term of 6 months. No promissory notes were issued during the three months ended March 31, 2018.
During the three months ended March 31, 2018, the Company repaid $500,000 of promissory notes, and converted $975,000 of promissory notes into subscriptions on 1,346,153 shares of common stock as further disclosed in Note 5 below. No repayments or conversions of debt occurred during the same period in 2017. |