Jetblack Corp. Provides Updates on New Cannabis Projects

Jetblack Corp. Provides Updates on New Cannabis Projects

 

Portland, OR -- November 29, 2018 -- InvestorsHub NewsWire -- Jetblack Corp. (USOTC: JTBK) recently announced strategic moves to enter the Cannabis Industry. Jetblack Corp. recently entered into a purchase agreement with This Budz For You Farms LLC. Jetblack Corp. is in the process of working with OLCC to transfer locations and ownership interests in This Budz For You Farms LLC, a Tier 1 Oregon Cannabis Producer. This Budz For You Farms, will become a majority owned subsidiary of Jetblack Corp. The company will be moving to a new leased 8,400 square foot facility in Hillsboro, Oregon. The facility will need to be built out for the culivation of cannabis. The company has applied for wholesale and processor licenses as well for the location. 

In addition, Jetblack Corp. announced it has signed a Binding LOI to purchase 16 acres of land in Sonoma County, that the company believes is suitable for Cannabis Cultivation. All reports and surveys, that are required for the cannabis cultivation application, have been done on the property. The company has 30 days due diligence to decide whether to proceed forward with the transaction. 

 

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.

 

Contact / Source
Emilia S. Olvera
[e-mail]
[phone]
https://ThisBudzForYouFarms.com
https://JetblackCorp.com