MediaTechnics Corp (MEDT)

[dreamaker56]

NEWS OUT!!!

MediaTechnics looks to enter the $65,000,000 legal High CBD-Hemp Oil business

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Published: Aug 9, 2016 8:00 a.m. ET

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LAS VEGAS, Aug. 9, 2016 /PRNewswire/ -MEDIATECHNICS CORPORATION MEDT, +20.00%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.