American Diversified Holdings Corp (OTCMKTS: ADHC) is rocketing up the charts making double digit gains both yesterday and today. The Company has published an annual roadmap which I have included below. The first thing on the roadmap was “pink current” which has been accomplished by the Company. ADHC now plans to up list to fully reporting OTCQB which requires a minimum bid price of $0.01. It also speaks of a CBD acquisition followed by a $100 million revenue acquisition announcement. ADHC management stated on twitter there would be a press release on Thursday, May 27. The Company has stated numerous times on twitter they are working with the TA on a share cancellation.
On May 3 AHDC entered into a Joint Venture/Acquisition agreement with ROLLS CHOICE (TM). The agreement provides for ADHC to provide funding to ROLLS CHOICE. A royalty will be paid to ADHC from the gross sales of Rolls Choice line of cannabis related adhesive products. After a due diligence period and further research into the development of ROLLS CHOICE product line, the parties anticipate that ADHC will acquire all the assets of ROLLS CHOICE. Additionally, Allen Staines, the founder of ROLLS CHOICE will be responsible for all ADHC and Universal Wellness social media sites including Twitter and Instagram. ROLLS CHOICE has applied for a trademark with the USPTO under the application number 972978083.
American Diversified Holdings Corp (OTCMKTS: ADHC) operating out of Del Mar, California is a publicly traded holding company trading under the ticker symbol (OTC-“ADHC”). Up until recently the Company owned several e commerce websites in the crypto and cannabis space. The Company’s mission is to bring natural health and wellness products to people around the world. Promising to deliver safe and tested products, that support vitality, longevity and overall well-being.
In January ADHC announced the company has filed an amended complaint adding more allegations against Tourist Cruise and its CEO Xavier Massana aka (Xavier Joan Massana I Modrono) CEO Ace Capital, Sergio Bellosta Suarez, CEO of Promotional Networks and CEO of Indo Global Exchanges (“IGEX”), Miroslav Zecevic, of Mina Mar Marketing Group (“Mina Mar Group”), Mina Mar Corporation, and additional Spanish entities (among others) involving allegations of serious misconduct perpetrated against ADHC, a public company, Ernest B. Remo, and the ADHC shareholders.
ADHC and Remo have amended their complaint, adding additional information and seeking additional relief from Zecevic’s improper interference with ADHC’s business relationship with a joint venture partner and CBD acquisition candidate. As detailed in the complaint, correspondence with the CEO of the acquisition candidate, Zecevic improperly threatened to add them to pending litigation after the announcement of the executed letter of intent. The amended complaint states that such actions interfered with ADHC’s business relationships causing significant financial harm. Additionally, the amended complaint identifies Xavier Massana, a principal of Tourist Cruise SL, as an individual who has a history of improper shares issuances and returning shares to issuing entities. Indeed, as reflected in various 8-K filings, in one such instance earlier in 2021, Massana returned tens of millions of shares in Mojo Data Solutions Inc. The amended complaint not only details Massana’s torrid past in having to return millions of shares, but doing so in 8-K filings where he (or his affiliated businesses), share the same address with Zecevic and Mina Mar Group.
This legal action contains allegations of years of improper actions that have caused significant harm to ADHC shareholders. Setting forth claims of conversion and intentional interference with contract against Zecevic (among other claims), the complaint states, “In August and September 2019, Zecevic caused over 300 million ADHC shares to be issued to the Spanish entities. However, the monies that were paid for the shares were never received by ADHC. Instead of ensuring that ADHC would be paid for its shares, Zecevic arranged to have the monies paid directly to Mina Mar Corp., Zecevic’s own business. ADHC, then a Nevada corporation, received nothing for these substantial share issuances. In addition to directing payment to his company, Zecevic set the price for the shares issued to Tourist Cruise SL (one of the Spanish entities) at 10% of the then-current price as traded on the open market.” In support of these statements, the complaint attaches a purported “bank record from August 12, 2019 directing payment from Tourist Cruise SL to Mina Mar Corp. [not ADHC] for 62,500,000 ADHC shares.”
$ADHC PR tomorrow
— ADHC MANAGEMENT (@ADHCMANAGEMENT) May 26, 2022
— ADHC MANAGEMENT (@ADHCMANAGEMENT) May 25, 2022
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On May 3 AHDC entered into a Joint Venture/Acquisition agreement with ROLLS CHOICE (TM). The agreement provides for ADHC to provide funding to ROLLS CHOICE. A royalty will be paid to ADHC from the gross sales of Rolls Choice line of cannabis related adhesive products. After a due diligence period and further research into the development of ROLLS CHOICE product line, the parties anticipate that ADHC will acquire all the assets of ROLLS CHOICE. Additionally, Allen Staines, the founder of ROLLS CHOICE will be responsible for all ADHC and Universal Wellness social media sites including Twitter and Instagram. ROLLS CHOICE has applied for a trademark with the USPTO under the application number 972978083
“I am very excited about joining Universal Wellness. The company provides a perfect match for growing the Cannabis Adhesive Glue Pen Product line, as well as the many other products I have under development, ” commented Allen Staines, of ROLLED CHOICE.
ROLLED CHOICE (TM) has over 80,000 social media followers which will be introduced to Universal Wellness social media platforms. This relationship will establish a very strong presence providing brand awareness to potential customers and shareholders as the Universal Wellness/Rolls Choice business relationship develops and revenues grow.
Rolls Choice ™ is a south California based manufacturer, distributer and ecommerce company selling an all-natural Adhesive Glue and application device. The Pens come in 1 ml, 2 ml and 100 pen packs. Rolls Choice has significant brand awareness in the cannabis industry and boasts over 80,000 followers on Twitter and Instagram. Over 12,000 adhesive pens have been manufactured and sold. The adhesive is made of Food Grade Premium ingredients. Rolls Choice Adhesive Pen is Flavorless, Colorless, Tasteless and Stainless. It is used to seal cannabis and tobacco rolled products including blunts, joints, cigars and hand rolled cigarettes in a sterile manner allowing for long lasting adhesive qualities. The proprietary brush tip pen is recommended for precision. RC sells direct to smoke shops, dispensaries and direct to consumers through its e-commerce site. Through the companies multi year history sales over 12,000 adhesive pens and been manufactured and sold by Rolls Choice. see (USPTO ROLLS CHOICE 97278083). In addition to the adhesive pen, RC has numerous other cannabis related products being developed that will be introduced as a result of this JV/Acquisition agreement.
— Double Hustle (@DoubleHustle54) May 26, 2022
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Currently trading at a $3.7 million market valuation ADHC OS is pretty much maxed out at 946,493,171 with AS set to 1 billion. Almost half of the Company’s OS is restricted shares leaving just 504,181,880 free trading shares. ADHC has just $62k in the treasury in investments and $2.8 million in liabilities, most of it owed by the Company’s current management and no convertible debt. ADHC is an exciting story developing in small caps; volume has picked up substantially in recent days as the stock has made double digit gains now two days in a row. There are a lot of rumors going around concerning some big players that I cannot mention here. The Company said on twitter today there is a PR coming tomorrow. We will be updating on ADHC when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with ADHC.
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Disclosure: we hold no position in ADHC either long or short and we have not been compensated for this article.