AnythingIT, Inc. announced that it has received $0.15 million in funding from Redwood Fund II, LLC.
September 15, 2014 at 09:30 am IST
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AnythingIT, Inc. (OTCPK:ANYI) announced a private placement of a convertible promissory note with Redwood Fund II, LLC for gross proceeds of $150,000 on August 22, 2014. The promissory note carries a coupon of 10% per annum and would mature on February 22, 2015. The promissory note will issue at an original discount of $6,000, for gross proceeds of $156,000. The company will issue securities in pursuant to exemption provided under Regulation D. The investor note is convertible by investor into shares of common stock of the company at any time after the investor effective date. The conversion price for each share of common stock is 60% multiplied by the lowest trading price in the previous twenty 20 trading days prior to the relevant notice of conversion.
On September 15, 2014, AnythingIT, Inc. closed the transaction.
WeedHire International, Inc., formerly AnythingIT, Inc., is a provider of green technology solutions, managing the equipment disposition needs of the Federal government and commercial clients by buying, reselling or recycling computers and other technology hardware. The Company offers Weedhire.com (WeedHire), which is a career Website focusing employment within the legal cannabis industry. It is involved in information technology (IT) asset management and disposition services business. WeedHire.com provides job postings for cannabis related employment, such as physician's assistants, growers, dispensary operators, security guards, dispensary administrators, solar panel specialist, delivery drivers, lawyers and insurance agents. It also engages in logistics, inventory management and data destruction services; sale of used equipment, and sale to companies specializing in removing recyclable or remarketable parts of electronics from equipment that no longer has usable life.
WEEDHIRE INTERNATIONAL, INC. 