ABOUT VITI
 VITI is a U.S. holding company that targets existing companies to become partners as partially or wholly owned subsidiaries.  The selected profitable U.S. companies
will have at least $30 million in total annual NOI together.

These companies:
  • Grow, harvest, process hemp
  • Manufacture and distribute CBD and related products
  • Under the Federal Farm Bill of 2018
  • Provide other services in the medical hemp industry 
  • Will benefit from this collective vertical integration

The holding company will issue its shares of stock to the member companies as owners. Following roll-up, growth and expansion capital will be provided to the member companies as well as many other value-added benefits.
With these roll-ups, the holding group, as stated above, will become a fully-vertically integrated company.

About the Member Companies
The potential member companies in VITI include operating roll-ups and their associates.
 
These member companies are in states that have legalized medical hemp and permit local companies to be rolled-up by holding companies.  In some cases, states like Oregon and Colorado permit research in other psychoactives.  These states include the following:

​Arizona ● Arkansas ● Connecticut ● California ● Colorado 
 Delaware ● Hawaii ● Louisiana ● Maryland 
Minnesota ● New Hampshire ● New Jersey ● New York 
 New Mexico ● West Virginia ● North Dakota ● Ohio ● Oklahoma ● Pennsylvania ● Rhode Island ● Illinois ● Maine ● Nevada ● Oregon ● Puerto Rico ● Utah

Our targeted member companies will have the following characteristics:
  • Companies with at least two quarters of profitability that can be continued
  • Strong business plan
  • Good management
  • Good accounting records
  • Strong in their market area
  • Can expect substantial future projected net income with the addition of either/or:
  • Additional capital from our holding company to support their business plan which would increase gross and net income
  • That would substantially benefit from the jurisdiction in which the company
  • Operates when recreational hemp sales are made legal
  • A plethora of other value added benefits
 
The first step in rolling-up each member company will be a CPA recommendation and a CPA review to ensure that the company is following generally accepted accounting principles (GAAP or U.S. GAAP) as we are operating as though we are a public company on an Exchange. 
 
Overall, the operating performance of our target companies will be
(1) reviewed by a CPA
​(2) audited by a CPA 
 
Initial Shareholders of the Holding Company
Initial shareholders of the holding company will be founders, seed capital investors, initial member companies, advisors and next stage investors providing second raise funding for member companies to grow and expand.


1.  Exit Strategy: Phil Shum is working with us and providing guidance on the filing process.
 
Phillip Shum
Director, Listings Development
Canadian Securities Exchange
phillip.shum@thecse.com
D (647) 729-8319
C (416) 888-3561
 
        2.  Attorneys: Ken August of August Law Group is providing legal counsel.

Ken August
https://augustlawgroup.com/​  

​3.  CPAs: Maruf Daza, based in Toronto, is a Chartered Professional Accountant (CPA) and Chartered Accountant (CA) and Partner, National Public Companies, for MNP, a leading
Canadian national account, tax and business consulting firm.  The firm’s headquarters is in Calgary. Mr. Daza is regarded as a leader on International Financial Accounting Standards (IFRS). We were advised that MNP has done most of the hemp/cannabis audits of U.S., Canadian and other cannabis companies that have gone public on the Canadian Securities Exchange.  

Maruf Daza
https://www.mnp.ca/en/personnel/maruf-raza

Network of U.S. cannabis CPA partners.  
Experienced consultants in the medical hemp industry will also assist us.
 
Management and Staff of our Company
Our member companies will be our partners.  The holding company will have an initial management and administrative staff of about 15 that will
(1) largely provide coordination and support for member companies that are part of VITI.
    (2) manage the public company. The key management staff will include a CEO, COO, CFO, and CIO who will fill other management and administrative positions. 

NEWS:
​VITI’s  research addresses the climate in the U.S. that offers investor a factual overview as follows: 

 Trump’s attorney general, William Barr, has expressed support for pursuing a legislative fix for conflicting state and federal marijuana laws, testifying at a Senate hearing in August 2020 that he would prefer for Congress to pass something like Gardner’s bill instead of maintaining the status quo.   The House passed an amendment to spending legislation in June 2020 that would protect all states with legal cannabis programs from federal intervention.   The proposed laws would prevent interference from the U.S. Justice Department in states where marijuana is legal, protect cannabis industry employees from federal prosecution, and protect banks servicing cannabis companies from federal banking penalties. Gardner’s bill “to allow federal banking for cannabis companies a major move by the federal government” (Sept 12, 2020).  

"Marijuana legalization has far-reaching national support from Democrats, independents and even a majority of Republicans, multiple polls show." (Sept 12, 2020, Politico)

"Marijuana legalization has far-reaching national support from Democrats, independents and even a majority of Republicans, multiple polls show." (Sept 1 ,2020 Motley Cannabis Magazine)

Colorado passes $1 billion in marijuana state revenue 2019  
Study: "Legal marijuana could generate more than $132 billion in federal tax revenue and 1 million jobs." (Washington Post)


​​VITI INC

Copyright CIHG 10/1/2020
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