Business
Jetblack Corp. issues update on it's OLCC Oregon Cannabis Producer
Jetblack Corp. issues update on it's OLCC Oregon Cannabis Producer.
About this update from Jetblack Corp.
[{"type":"text","content":"Jetblack Corp. \"the company\" (OTC: JTBK) recently announced it has entered into a purchase agreement for a majority stake in an OLCC Oregon Licensed Cannabis Producer \"This Budz For You Farms, LLC\". This Budz For You Farms, LLC will become a majority owned subsidiary of Jetblack Corp. with Jetblack Corp. owning a 75% stake in exchange for 1,000,000 shares of restricted common stock. Jetblack Corp. is in the process of transferring ownership of the license and moving locations. The company will continue to pursue cannabis interests through its subsidiary along with researching and possibly developing new technologies related to farming. Jetblack Corp. will continue with their software interests such as its social media site and other projects like MjXchange. This Budz For You Farms, LLC received their license in June of 2018 for Cannabis Production in Oregon. This Budz For You Farms, LLC is a Tier 1 Oregon Producer which allows for a mature canopy of 5,000 square feet. The company anticipates moving to a new location which is more energy efficient and larger at 9,600 square feet to begin production. The company will update as more progress is made. DisclaimerThis press release contains forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward- looking statements can be identified by words such as \"believe,\" \"expect,\" \"anticipate,\" \"plan,\" \"potential,\" \"continue\" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties include market risks associated with our business, the inability to raise enough capital to complete our business, economic conditions and increasing competition. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respec...