Stony Hill Corp. (OTCMKTS:STNY) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into Material Definitive Agreement
On March 13, 2017, Stony Hill Corp., a Nevada corporation (the
Company), received confirmation of effectiveness of entering into
a Joinder and Amendment to Share Purchase Agreement (the
Agreement), dated November 30, 2016, with Cannabi-Tech Ltd., an
Israel entity (Cannabi-Tech), to which, the Company acquired
29,571 Ordinary Shares of Cannabi-Tech for a purchase price of
The 29,571 Ordinary Shares of Cannabi-Tech represent less than 5%
of the equity securities of Cannabi-Tech, and the Company has no
agreement, arrangement or understanding with Cannabi-Tech or any
holder of securities of Cannabi-Tech with respect to the
operations or management of Cannabi-Tech.
Cannabi-Tech, based in Israel, isa provider of lab-grade medical
cannabis quality control testing systems.
Item 7.01 Regulation FD
On March 14, 2017, the Company issued a press regarding its
purchase of the 29,571 Ordinary Shares of Cannabi-Tech. A copy of
the press release is attached hereto as Exhibit 99.1 to this
Current Report on Form 8-K and is incorporated herein by
The information contained in this Item 7.01 referenced herein is
being furnished and shall not be deemed filed for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended, or
incorporated by reference in any filing under the Securities Act
of 1933, as amended, unless we expressly incorporate such
information by reference.
Item 9.01 Financial Statements and Exhibits
Press release dated March 14, 2017.
About Stony Hill Corp. (OTCMKTS:STNY)
Stony Hill Corp., formerly First Fixtures, Inc., is organized to sell plumbing fixtures over the Internet. The Company is a vertically integrated company focused on multiple areas of the cannabis industry. The Company is engaged in exploring involvement in the consumer, health and wellness, recreational, medical, media and nutraceutical industry. The Company sells products, including clothing, apparel, and other various branded products through its partners. Stony Hill Ventures is organized for various investments under the Stony Hill brand, as well as to conduct any other related business and activities. The Company intends to establish a medical cannabis platform and brand; create a platform to partner and invest in various segments in the medical marijuana industry, and establishes various strategic alliances. Stony Hill Corp. (OTCMKTS:STNY) Recent Trading Information
Stony Hill Corp. (OTCMKTS:STNY) closed its last trading session down -0.03 at 2.76 with 2,500 shares trading hands.