Mr. Clive Massey reports
WINDFIRE CLARIFIES STOCK WATCH PRESS REPORT
Windfire Capital Corp. would like to clarify the news reported in Stockwatch on May 1, 2014. Windfire previously secured a building lease as a prerequisite to exploring a possible transaction with a private company in the medical marijuana industry. Windfire advanced a $36,000 deposit to secure the building in the event that a transaction materialized. However, the parties never reached a final agreement in principle, and all discussions have ceased. The litigation reported by Stockwatch was dismissed on April 30, 2014, one day after it was commenced. The lease was assigned to the private company after Windfire was reimbursed for its $36,000 deposit on the lease.
Windfire continues to work on other opportunities in the medical marijuana sector where such activity is licensed and/or permissible North America-wide. When and if an agreement in principle is reached to complete a change-of-business transaction in the medical marijuana industry, full details will be provided in accordance with TSX Venture Exchange policies.
We seek Safe Harbor.
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