Fortitude Group, Inc.

Equities

FRTD

US34960C1009

Investment Management & Fund Operators

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2021	Analysis: Chasing yield, U.S. private equity firms nudge up risk on insurers	RE
2021	Chasing yield, U.S. private equity firms nudge up risk on insurers	RE

Fortitude Enter into Joint Venture Agreement Marimedical Pharmaceuticals

February 28, 2014 at 09:45 am EST

Fortitude CEO Thomas J. Parilla announced that the company has entered into a joint venture agreement to obtain the USA production/sales/distribution and licensing rights for a revolutionary medical marijuana product MariMist for the use in the care of cancer patients with MariMedical Pharmaceuticals. Additional clinical applications include the treatment of nausea, anxiety and pain relief. The terms of the JV agreement are extremely beneficial to Fortitude and its shareholders.

As all revenues pass through the company, 92% will remain with Fortitude with a small royalty payment of 8% based on the wholesale price being paid to MariMedical. The agreement is for three years with an automatic extension for seven years triggered when certain modest sales goals are achieved. Fortitude also has a one year option to acquire the international licensing rights for Mari-Mist, along with the right of first refusal for any future products solely developed by MMP.

Latest news about Fortitude Group, Inc.

Analysis: Chasing yield, U.S. private equity firms nudge up risk on insurers	21-06-01	RE
Chasing yield, U.S. private equity firms nudge up risk on insurers	21-06-01	RE
Cascade Technologies Corp. cancelled the acquisition of medical assets from Fortitude Group, Inc..	15-06-09	CI
Fortitude Group, Inc.'s Equity Buyback announced on February 26, 2014, has expired.	15-02-23	CI
Fortitude Group, Inc. cancelled the acquisition of 51% stake in Smart Workout Inc.	14-07-01	CI
Cascade Technologies Corp. entered into an asset purchase agreement to acquire medical assets from Fortitude Group, Inc. for $2 million.	14-06-09	CI
Molecular Resilience, Inc and other shareholders cancelled the sale of Fortitude Group, Inc..	14-06-09	CI
PRIMARQ Incorporated cancelled the transaction announced on February 28, 2014.	14-06-09	CI
Fortitude Group, Inc. Executes Development Agreement with East Coast Native American Nation	14-05-23	CI
Fortitude Group, Inc. Announces Database Distribution Partnership	14-05-21	CI
Molecular Resilience, Inc and other shareholders entered into a letter of intent to sell Fortitude Group, Inc. for $3 million.	14-05-18	CI
Fortitude Group, Inc. Announces the Launch of ShareholderConnect.com	14-05-15	CI
Fortitude Group, Inc. cancelled the acquisition of of ProCap Funding, Inc. from Hull Energy, Inc..	14-04-30	CI
Fortitude Group, Inc. Receives Initial VaporVites Order	14-04-08	CI
Fortitude Group, Inc. Executes Distribution Agreement with VaporVites	14-04-02	CI
Fortitude Group, Inc's Board intends to launch an Equity Buyback	14-03-26	CI
Fortitude Enter into Joint Venture Agreement Marimedical Pharmaceuticals	14-02-28	CI
PRIMARQ Incorporated announced that it expects to receive $4 million in funding from Fortitude Group, Inc.	14-02-27	CI
Fortitude Group, Inc. announces an Equity Buyback for 100,000,000 shares.	14-02-26	CI
Fortitude Group, Inc. authorizes a Buyback Plan.	14-02-24	CI
Fortitude Group, Inc. Initiates Actions to Enter Medical Marijuana Industry	14-02-21	CI
Fortitude Group, Inc. Announces Formation of Three Subsidiaries	14-01-23	CI
Fortitude Group, Inc. entered into a share purchase agreement to acquire ProCap Funding, Inc. from Hull Energy, Inc. for $1.3 million.	13-10-24	CI
Fortitude Group, Inc. entered into an agreement to acquire 51% stake in Smart Workout Inc.	13-07-01	CI
Fortitude Group, Inc. agreed to acquire 15% stake in PRIMARQ Incorporated for $1.5 million.	13-06-27	CI

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Company Profile

Fortitude Group, Inc. (Fortitude Group) is a diversified company. The Company has investments in multiple sectors targeting joint ventures, wholly owned subsidiaries and or majority/minority positions that cross various market segments. Fortitude Group seeks to increase shareholder equity through its strategic partnerships with emerging growth companies across various market segments.

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