Hemptech Corp. Plans to Create Holding Company Agronetix Inc. and a New Operating Structure; Announces Executive Changes
January 26, 2016 at 01:04 am IST
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On January 25, 2016, HempTech Corp. announced plans to create a new holding company, Agronetix Inc., and a new operating structure to increase corporate and business scale into non-cannabis agricultural industry. Under the new operating structure, its main HempTech business will include Cannabis related products and services development and manufacturing and the related technical infrastructure. All other non-Cannabis agro and agricultural business will be run under Agronetix and separately from the HempTech Business. In connection with the new operating structure and upon completion of the Agronetix Merger, Sam Talari will become the Acting Chief Executive Officer (CEO) and Chief Financial Officer (CFO) of Agronetix, John Verghese will become the President of Agronetix, Sam Talari will become the Executive Chairman of Agronetix, Kevin Defant will become the Vice President of technology and Karin Rohret will become the Senior Vice President of Accounting and Secretary of Agronetix. Sam, John, Kevin and Karin will transition to these roles from their respective roles at HempTech, whereas Karin will also retain her role as the Senior Vice President of Accounting and Secretary of HempTech. Concurrently upon completion of the Agronetix Merger, HempTech will become a subsidiary of Agronetix. The Company will start to recruit a CEO for HempTech Corp. Sam Talari will remain as the acting CEO for HempTech Corp.
Music Licensing, Inc., also known as Pro Music Rights, is a diversified holding company. The Company operates through its subsidiary, Pro Music Rights Inc. (Pro Music Rights), which is a public performance rights organization (PRO) that represents songwriters, composers, and music publishers. Its licensees include notable companies, such as TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo, and others. Pro Music Rights represents over 2.5 million works that feature notable artists, such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Soulja Boy, Lud Foe, SlowBucks, Gunplay, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, 2 Chainz, Gucci Mane, Young Dolph, Fall Out Boy, as well as Artificial Intelligence (AI) Created Music. It also owns royalty stakes in Listerine Mouthwash Antiseptic as well as musical works by artists such as Elton John, Lil Nas X, DaniLeigh, Rihanna, and others.
MUSIC LICENSING, INC. 
