LAS VEGAS, Aug. 9, 2016 /PRNewswire/ - MEDIATECHNICS CORPORATION (OTC: MEDT) is pleased to announce that it looks to launch a new business unit in the development and distribution of legal High-CBD Hemp Oil.
MEDT is in discussions to develop a botanical extract laboratory, as well as production facilities in Colorado, Nevada, Arizona and Oregon. MEDT has been approached by an investor group wishing to setup a primary laboratory in Colorado Springs along with a large production facility where pure CBD oil would be extracted as well as other botanical extractions including THC extracts for the Colorado market and general plant extracts for the herbal supplements market. Upon obtaining licenses, smaller facilities are expected to be setup in other states for the production of extracts containing THC for those markets.
The US market for High-CBD Hemp Oil is, according to some estimates, over $65,000,000 and growing rapidly, while the availability of High-CBD Hemp Oil is extremely limited. MEDT has sourced a supply of industrial hemp (contains less than 0.3% THC) that Management believes can be readily processed into refined High-CBD Hemp Oil and sold nationwide, on a B2B basis. Management is working diligently to obtain an exclusive contract on this supply.
In response to multiple shareholders that have requested that we extend the Ex-Date in regards to the spin-off of BlazeNow, we currently anticipate using September 15, 2016 as the Ex-Date.
ABOUT MEDIATECHNICS CORPORATION
MediaTechnics Corporation (OTC PINK: MEDT) http://www.bloomberg.com/quote/MEDT:US and our subsidiary BlazeNow Inc, specialize in providing ancillary products and services to the medical and recreational Cannabis industries. Our management will utilize industry experience to target the areas of the market with the highest profit potentials. We believe in the future legitimacy and profitability of the industry based on recent studies showing bi-partisan support of Cannabis legalization. We believe that Cannabis provides a healthier alternative to conventional pharmaceutical and recreational drugs and will play an important role in the future of our country's health care. We are determined to be a dominant force in defining this emerging market.
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Twitter: @MediaTechnics, or
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Twitter: @BlazeNow420, or
This press release contains forward-looking statements that involve risks and uncertainties. Certain Statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"), and it is the Company's intention and belief that all such statements are covered by the safe harbors created by the Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied.
Forward-looking statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "expects," may," "should" and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the company and speak only as of the date made.
SOURCE MediaTechnics Corporation