JetBlack Corp (OTC: JTBK): A New Player Emerging In The Cannabis Industry
PORTLAND, Ore., Feb. 26, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- JetBlack Corp. (OTC: JTBK) (“the company”) continues to expand its cannabis presence in Oregon. The company is in discussions to acquire more Marijuana Licenses. The company anticipates to sign an agreement to begin the transfer of a Tier 1 Marijuana Producer License soon. The company is also in discussions this week to acquire a vertical set of licenses in Oregon which include retail. The company can not guarantee success at acquiring the licenses or approval from OLCC for the transfer. Although, the company is optimistic it will be successful.
About
JetBlack Corp. through its family of subsidiaries operates in the emerging Cannabis Industry. Supreme Genetics LLC will operate out of the newly acquired Portland, Oregon location. The location is 12,400 square feet and has a Tier 1 Marijuana Producer license pending approval. Supreme Genetics will focus on genetics and high quality craft products.
In addition the company has formed CenAviv LLC, which will operate out of the Portland location as well. CenAviv is in the process of applying for processing and wholesale licenses. The company will focus on high quality edibles and pharmaceutical grade formulations. CenAviv is planning on creating a sterile lab space and commercial kitchen in the Portland location. The company has secured a long term lease on the space.
In addition, This Budz For You Farms LLC is in the process of transferring locations and ownership with OLCC. The company is in the process of building out the new location in Hillsboro, Oregon. Budz™ is a Tier 1 Producer and has applied for wholesale and processing licenses as well for the Hillsboro location. The location is under a lease agreement.
The company has formed a subsidiary in Washington State, Top Tier Science LLC. Top Tier Science will be managing a Tier 1 Producer Processor in Washington State. The company is in the process of finalizing the management agreements.
The company has decided to not proceed with the Reg 1-A filing for various reasons. The company is looking for non-dilutive financing and can not guarantee success at raising capital for the above projects.
More information including pictures of our locations can be found at our website
Disclaimer:
This 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 respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Source:
JetBlack IR Department
(888) 611-5825
