"Medical Marijuana, Inc." Now Trading Over-the-Counter
April 7, 2009 at 10:44 am
securitiesdocket.com
How many times have you asked yourself: How can I invest in the legalized marijuana industry? If the answer is "one or more," then say hello to "Medical Marijuana, Inc."
Medical Marijuana Inc., formerly known as Club Vivanet, announced that it is the first public company to enter the legalized, medical marijuana business, according to 24/7 Wall Street. The stock reportedly trades over-the-counter under the ticker "CVIV" and is listed as Medical Marijuana, Inc. (OTC: CVIV) on the pink sheets.
24/7 Wall Street reports that on Friday, the company filed a patent application for an invention that it says "potentially satisfies various governmental and the medical marijuana dispensaries' needs for tax collection in the medical marijuana industry." It claims to be "positioned to take advantage of opportunities as they appear in the emerging legal medical marijuana industry through an enhanced payment gateway introducing verifiable levels of enhanced security."
Bruce Perlowin, the company's new Chairman and CEO, has a website on which he describes himself as the "King of Pot."
Read the 24/7 Wall Street article
247wallst.com
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pinksheets.com
Material Events of
Club Vivanet, Inc.,
an Oregon corporation – “the company”
Name Change and Pending Forward Split
Club Vivanet, Inc has changed its name to Medical Marijuana, Inc with the State of Oregon, has resolved to forward split its shares 10 for 1 effective upon NASDAQ changing the company’s symbol from CVIV to reflect the name change and forward split. CUSIP has already changed the CUSIP number to 38463A105 to reflect the name change and forward split and the company is anticipating receiving the new symbol effecting the name change and forward split within the month of April.
Pending Spin Offs
In conjunction with the name change, the company is spinning off two subsidiaries on a share for share basis (pre 10 for 1 forward split) of the shares of Club Vivanet, Inc (a Florida corporation) and MyNewPedia Corp (a Colorado Corporation). While the company has set April 3, 2009 as the record and effective dates, NASDAQ is responsible for establishing an exdividend date and up to that date, shareholders and those that buy and hold till the ex-dividend date will be entitled to the forward split and to receive
the spin off shares. The spin off shares will be restricted until the subsidiaries register those shares with the SEC or there is an exemption from registration made available.
Change in Management
Furthermore, as a part of these corporate actions, Bruce Perlowin has accepted to serve as the company’s new Chairman and CEO, replacing Don Steinberg. Don Steinberg’s resignation will become effective on the 2nd of April but he will continue to run and operate Club Vivanet, Inc (a Florida Corporation). Charles Larsen has accepted to serve as President of the company and Jim Hancock is simultaneously resigning on April 2nd, 2009, yet Jim will also continue to serve as an officer of Club Vivanet, Inc (a Florida corporation).
Incoming Chairman and CEO
Bruce Perlowin – Chairman & CEO
Recently interviewed on the CNBC’s “Marijuana, Inc.”, the most watched CNBC TV program in its history, Bruce Perlowin, was dubbed the “King of Pot”.
On March 23, 2009, Bruce Perlowin launched the first public corporation (OTC: CVIV) solely based on the Medical Marijuana Industry. Through the public company (which was granted on March 24, 2009 by the Secretary of State of Oregon, the official name, Medical Marijuana, Inc) he intends to legitimize this industry, as a part of his decades of advocating the benefits of legalization of medical marijuana, to provide solutions to governments and communities that will ensure efficient and foolproof regulation, to
insure and profit from better monitoring and taxation of the Medical
Marijuana Industry.
After his family moved to Miami from Philadelphia, Bruce started his first business at age 7, shining shoes door-to-door. He started his second business at age 8, selling costume jewelry. There were a variety of other business ventures from then until high school. His insatiable entrepreneurial spirit led Bruce to start a business with his best friend right after graduating high school where they crafted leather products for the local hippie community out of his Father’s furniture shop and he dove head
first into the alternative lifestyle of the late 1960’s and early 1970’s. After traveling around the country and exploring the communal lifestyle, Bruce began to build an empire in the illicit marijuana business. It didn’t take long for Bruce to build up a multi-million dollar smuggling business, and become one of the top marijuana smugglers in history. Eventually law enforcement officials caught up with Bruce ending his smuggling career.
In the early 90’s, Bruce Perlowin co-started Globalcom 2000. This company was primarily in the Prepaid phone card business, which at that time was a virtually unknown market, with only a few producers. That company became the fastest growing, and one of the largest, phone card companies in the US. Among the many 1st accomplished in that business, was the 7-11 account, which was captured as the 1st phone card in the U.S. with a corporate logo.
Throughout the past 4 decades, Bruce participated in the network marketing industry and currently holds three world records in that industry. One, for the second largest commission check in the industry, when he earned $176,000 in a company called MyiBiz in 2001. Earlier in 1994, working with One World Communications, he opened 187 training centers around the world, in only 9 months (before the internet or emails were in popular use)a record that is still in effect today.
Incoming President
Charles Larsen - President
After serving 8 years in the United States Coast Guard, Mr. Larsen began his career in the investment industry in 1989 with Peskin & Associates, a commodity trading advisor in Chicago managing client billing, regulatory monitoring and reporting, internal trading operations and floor broker communications. In 1991 he joined IDS, a software development firm in Los Angeles as a development and implementation consultant to the largest institutional investment advisors on Wall Street. In 1995, Mr. Larsen joined Tower Asset Management, a boutique investment advisory firm in Beverly Hills, assuming management responsibility of trading, technology and operations, also contributing substantially to a successful restructuring effort and helping grow the firm from $90 million to over $600 million. Mr. Larsen left Tower in 2006 as Senior V.P. of Operations & Business Development to join Financial Management Advisors a $1.6 billion investment advisory firm in Century City as CFO, COO & CCO. Mr. Larsen attended Pepperdine University and served two tours in the United States Coast Guard.
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