Jetblack Corp. Update to Shareholders

PORTLAND, Ore., Dec. 18, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Jetblack Corp. () provides update to shareholders. The company will begin to shift focuses and pause its software projects to focus solely on Cannabis Projects. The company felt that the software projects were draining a lot of resources and it became difficult to achieve revenues and ultimately profitability on a timely basis. The company will archive the projects and possibly continue them at a future date. In regards to cannabis interests, Jetblack Corp. has decided to not proceed with the purchase of a property in California, but it will continue to explore cannabis opportunities in California as well as other states. This Budz For You Farms LLC, a licensed OLCC Tier 1 Marijuana Producer in Oregon, is in the process of transferring locations and ownership interests with OLCC. This Budz For You Farms has applied for marijuana wholesale and processing licenses in Oregon as well. The company will have a new location which is 8,400 sq ft and energy efficient. The company will specialize in craft small batch products including clones and genetics. The company will focus on establishing a profitable business as quickly as possible, while maintaining high quality unique products.

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.

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Emilia S. Olvera



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