JetblackCorp
JetBlack Corp Provides Shareholder
Updates
Portland, OR. --
January 10, 2019 -- InnvestorsHub
NewsWire
-- Jetblack
Corp.
(OTC:
JTBK) "the company" would like to provide an update on their
cannabis projects. The company has signed a lease for Location 1
which is located in
Hillsboro,
OR and is an 8,400 square feet blank warehouse space. This
Budz
for You
Farms LLC, an Active Licensed Tier 1 marijuana producer will be
moving into the location. The company has applied for processing
and wholesale licenses as well for Location 1. The company has
signed a lease on a second location, Location 2, in Portland, OR.
The space is 12,400 square feet is almost fully built out for
cannabis production. A Tier 1 producer license application is in
queue for Location 2. The company will apply for a processing
license for Location 2 as well.
In addition, the
company is expected to sign a consulting agreement to manage the
operations of an Active Licensed Tier 1 Washington State Licensed
Marijuana Producer and Processor.
Jetblack
Corp.
expects each location In Oregon individually to bring in between
$800,000 and $2,400,000 in revenues yearly. The company will still
need to build out Location 1, while Location 2 is almost fully
built out. Jetblack
is in
talks with financiers to fund the projects.
The company will begin
to post updates with photos and videos about the locations on their
websites found at:
https://jetblackcorp.com
https://ThisBudzForYouFarms.com
About
Jetblack
Corp.
recently put their software projects on pause to focus on cannabis
projects and creating profits for the company. Jetblack
Corp.
through it's
operating
subsidiaries, is gaining a foothold in the legal cannabis markets.
The company is in talks with other legal operators and will
continue moving forward in the legal cannabis industry. The company
hopes to have both locations up and running within 6 months, if
financing is achieved.
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
IR@jetblackcorp.com
(888)
611-5825
https://ThisBudzForYouFarms.com
https://JetblackCorp.com