Business
RSAMMD ACQUISITIONS LLC AND PROTEXT MOBILITY, INC. (TXTM) PROVIDE SHAREHOLDERS UPDATE AND NEAR TERM ROAD MAP
RSAMMD ACQUISITIONS LLC AND PROTEXT MOBILITY, INC. (TXTM) PROVIDE SHAREHOLDERS UPDATE AND NEAR TERM ROAD MAP.
About this update from Protext Mobility, Inc.
[{"type":"text","content":"\n Johannesburg, South Africa, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Republic of South Africa Medical Marijuana Dispensaries Acquisitions LLC (“RSAMMDA.LLC”) and Protext Mobility, Inc (OTC PINK: TXTM) are pleased to provide the following business update.  Dylon Du Plooy, Protext CEO, commented “#TXTMTribe, we want to thank you all for coming together in unity to push the movement forward, your dedication has not gone unnoticed, We thank you for the harmony we have seen across the platforms and look forward to taking this journey together, let's change the world. We have some exciting news regarding the next generation live plant extraction technology.  As previously reported in 2020, under special permission from the State (who took possession of the Kettles in 2018) we were able to ship one of the Kettle units to New Castle Permitted Farms for conducting initial testing to validate whether we could produce a full profile, non-psychoactive extract using live Genus Cannabis Sativa Plants.  While the testing was successful, additional testing on Genus Cannabis Sativa was not possible due to the off-season and lack of biomass and the extraction equipment had to be returned to the State after the day of testing.  We have always envisioned commercializing this extraction technology for our own purposes, as well as, for potential global licensing. However, we needed to get the Kettle equipment back for additional testing. We are pleased to report that through the human capital and the credibility of our Government Relationships, our permits and licenses being in place at New Castle Farms, allowing for the transportation of the Kettle and our conducting R & D for Genus Cannabis Sativa, as well as for the integration of this equipment, technology and processes for commercialization, we have been granted the use of the kettle without any time constraints. How did this happen?  It’s been a series of lengthy negotiations and proposals submitted to the State.  Over the past few months prior to merger, we have been in negotiations with the State to regain possession of the Kettle Extraction Equipment to continue with the final phase of testing before moving into the closed loop system and onto Commercialization.  As part of the process, we have had to allow the State Senior Represent...