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:
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.
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