GALA GLOBAL INC. (OTCMKTS:GLAG) Files An 8-K Unregistered Sales of Equity Securities
ITEM 3.02
| Unregistered Sales of Equity Securities |
The following restricted shares were issued to agreements:
| 1) |
As previously reported, on or about March 24, 2017, Greengro Technologies Inc. converted a note payable into 1,387,970 restricted shares. The shares were issued as follows: Greengro Technologies Inc. 462,657 shares, Haas Inc. – 462,657 shares, Owen Naccarato 462,656 shares. |
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As of 6-16-2017, Haas Inc. – 462,657 shares, Owen Naccarato 462,656 shares, transferred their shares to Greengro Technologies, Inc. |
| 2) |
As previously reported, on or about March 24. 2017 Owen Naccarato converted a note payable into 490,742 restricted shares. The shares were issued as follows: Greengro Technologies Inc. 163,580 shares, Haas Inc. 163,581 shares, Owen Naccarato 163,581 shares. |
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As of 6-16-2017, Haas Inc. 163,581, transferred his shares to Greengro Technologies, Inc. |
| 3) |
As of 6-16-2017, James Haas assigned, 75,000 of his preferred shares to Greengro Technologies, Inc. |
| ITEM 5.02. |
DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS |
On June 13, 2017, Dr. Maqsood Rehman was appointed as the
Companys Chief Operating Officer (COO).
His biography is set forth below:
Dr. Maqsood Rehman (Max) recently worked as a
Global Soybean Breeding Leader for Dow Agrosciences at
Indianapolis, Indiana. Prior to that he worked as a soybean
breeder for Monsanto Company at Oxford, Indiana. Max has Masters
and PhD degrees in Plant Science from University of Idaho, U.S.A.
and Post Doctorate from University of Missouri-Columbia,
Missouri. He has a diversified scientific background with
training, and 10 plus years of practical experience in plant
breeding, quantitative and molecular genetics and cytogenetics
and project management.
As Global Soybean Breeding Lead, he provides leadership to the
soybean breeding organization for the successful launch of
competitive soybean varieties in North America and Latin America.
He develops breeding strategies and develops budgets needed to
accomplish breeding goals. Max bridges gaps by bringing
stakeholders (Breeding, labs, business and commercial) and aligns
breeding goals with global business goals through effective
communication. Implementation of innovative ideas aligned with
business and RD for value creation. Max brings efficiency within
resources that lead towards a fast genetic gain in soybean. Max
develops teams and provides effective and transparent
communication process to achieve deliverables.
Signatures
About GALA GLOBAL INC. (OTCMKTS:GLAG)
Gala Global Inc. is involved in the Hemp and Cannabidiol (CBD) industry. The Company is focused on the development, research and commercialization of products derived from the Hemp and Cannabis Plant. The Company focuses on a CBD flavored thin-film strip. The film strip delivery system uses a dissolving film strip that is absorbed in the mouth. The Company is engaged in seeking acquisition candidates in this area of interest in the nutraceutical and pharmaceutical industries. The Company also intends to enter into the medical marijuana cultivation industry as approved in the United States and Canada to build legalized cultivation operations. The Company’s services include the development of cannabinoid-based health and wellness products; the development of medical grade compounds, and the licensing of testing, genetics, labeling and packaging, tracking, production and standardization methods for the medicinal herb industry. The Company is also involved in the sale of Vape Mods.
