WOW sadly announces today that the MCPI merger will not go through and fraudulently reported on the 8k of MCPI was the reason that WOW counsel did not approve the deal. Anthony C Russo states loudly, “We at WOW in all good faith entered into the merger and moved to the 75 day audit after Charles Stidham informed us verbally the deal was closed.
We put MCPI executive and CFO Garrett Vogle on with our counsel and as the deal was structured properly and 100% able to close WOWI must assume that there was an additional and alternate agenda at play!” When asked if WOW would seek out remedies in the court system Mr. Russo answered “We as an executive team are focused on building the right team and partnerships to move WOWI to the fore front of Legal Cannabis companies Nationally. We are the same great company with the same great business strategy and are executing on that strategy. That is 100% our focus.
We also understand that MCPI only has a single dispensary operating at this time so we must say if that was the original deal we wouldn’t have entered into the merger. We feel we do have recourse legally but the effort and to take away from our focus isn’t our goal. Our goal as it always has been is to be the cannabis company not just a company in cannabis.”
WOW is executing well and as we see it still the most exciting game in the space. WOW is seeking the public arena still but maybe as a self sustained spin off of a incubator parent.