WeedHire International, Inc. announced that it has received $0.08 million in funding from JMJ Financial
August 06, 2014
Share
AnythingIT, Inc. (OTCPK:ANYI) announced a private placement of a convertible promissory note at an original issue discount for gross proceeds of $225,000 with new investor accredited JMJ Financial, Inc. on August 1, 2014. The note is issued at an original discount of 10%, equal to $25,000. The note is convertible into common stock of the company at any time after the effective date of the initial consideration at a conversion price lesser of $0.0115 or 60% of the lowest trade price in the 25 trading days prior to the conversion.
On August 6, 2014, WeedHire International, Inc. (OTCPK:WDHR) closed the transaction. The company received initial consideration of $75,000 from investor. All outstanding principal and accrued interest on the note is due and payable on the rolling basis maturity dates, which is calculated as two years from the effective date of the initial consideration and each respective principal payment made by investor. The company may repay the outstanding principal of the initial consideration and/or each principal payment, if applicable, at an interest rate of 0%, if the repayment is made at any time on or before 90 days from the Effective date of the initial consideration and/or each relevant principal payment. However, if the company does not repay on or before the rolling 90 day period, then the one-time interest charge of 12% is applied to the initial consideration and/or each respective principal payment.
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.