StereoVision Forms Florida C Corp Amalgamated Agricultural Properties Inc. (AAPI) for REIT Filing, Appoints Lorne Saltzman AAPI Chairman with Immediate Effect
Las Vegas, NV, Nov. 26, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- StereoVision Entertainment Inc. (OTC:SVSN) announced today that it has formed the Florida C Corp Amalgamated Agricultural Properties Inc., (AAPI) for the purpose of doing an SEC registration for an NYSE REIT IPO to acquire irrigated farmland in Florida to cultivate industrial hemp. AAPI's named Lorne Saltzman Chairman with immediate effect.
“With the legalization of the hemp industry being passed by the US Senate in the Farm Bill, which is now going before the US House of Representatives, and with Florida’s Governor Scott having already signed the bill legalizing the hemp industry in Florida, we feel now is the right time and Florida is the right place to launch our plan to acquire irrigated farmland with a REIT IPO. First in Florida, then when the law allows, in Texas,” stated AAPI’s Co-Founder and Chairman Lorne Saltzman. “I’m excited to team up with StereoVision, AAPI’s principal partner, in this most timely opportunity to begin our REIT’s SEC filings for the IPO. We look to secure an institutional partner for AAPI’s IPO. The properties AAPI acquires in the REIT are to be leased to StereoVision who intends to grow organic hemp for CBD and hemp biomass.”
StereoVision. Headquartered in Las Vegas, Nevada, StereoVision is a publicly traded Nevada corporation (OTC:SVSN) focused on the creation, acquisition, production, and distribution of multimedia content with its media subsidiary, the wholly owned 9 time Emmy winning production company REZN8, () and the legal industrial hemp industry.
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