MediaTechnics Corp (MEDT)

[zeekhoe]

NEWS: MediaTechnics to enter the $65,000,000 legal CBD business

http://www.otcmarkets.com/news/otc-market-headline?id=615390

LAS VEGAS, Sept. 29, 2016 /PRNewswire/ - MEDIATECHNICS CORPORATION (OTC: MEDT) is pleased to announce that it has entered into a letter of intent (LOI) with Vaxa Industries of Denver, Colorado (VAXA) to market CBD base hemp products on a wholesale basis. VAXA will supply MEDT with high purity CBD isolates on a wholesale basis at less than one third of the average wholesale price. Multiple sources currently sell, on a wholesale basis, CBD for as much as $30-50,000 per kg. MEDT plans to market these products at prices substantially below that of our competitors. Vaxa believes it can supply well over 100 kg per month and MEDT believes that the market can easily support over 1,000 kg per month over time. While MEDT is still working to complete the spin-off of its subsidiary BlazeNow Inc (BlazeNow), BlazeNow's over 2,800 retail dispensaries and delivery services will be an important factor in this endeavor.

The US market for CBD is, according to some estimates, over $65,000,000 and growing rapidly, while the availability of CBD isolate is extremely limited.

MEDT currently retains consultants who operate one of the most successful dispensaries in Los Angeles as well as a very successful extractions company, The Bloom Brand. More info about The Bloom Brand can be found at:

http://thebloombrand.com.

Additionally, MEDT is negotiating management contracts, whereby MEDT would provide management services for legal marijuana dispensaries in Arizona and Nevada. Additional states may be added as soon as these opportunities are realized.