MRNJ Metatron Announces Cannabis Community App, Forward Split and New Personal Safety App.
Dover, DE -- October 10th, 2016 -- InvestorsHub NewsWire -- Metatron is is highly engaged in the rapidly growing U.S. Marijuana industry. We are now developing CBD (cannabidiol) infused drinks and have already released apps where vape and CBD users can share their experiences and purchase products with like-minded people. The cannabis community platform has been added to our flagship app Cannaboids, and we plan on connecting our other apps like Vape Trails and Green Bee as well. Metatron envisions becoming the massroots of the Vape and CBD community!
Further with the looming legalization of marijuana on numerous state ballots in November 2016 we intend to ramp up our effort to quickly take advantage of this burgeoning opportunity. Metatron is working hard to reduce company debt and believes the company is severely undervalued at present. We are in communication with banking representatives to bring a debit card payment solution to the legal marijuana consumer, vape, and CBD customer. The Company will be updating our website to reflect our new product offerings soon.
October is Domestic Violence Awareness Month and in collaboration with the Self-Preservations Foundation we have agreed to update their website and create innovative apps that increase personal safety for everyone. The first app in the series is called iSafe and is currently in development for Android and iOS mobile platforms. iSafe is an app that contains tools to prevent, protect, and increase personal safety. Planned features include auto-dialing friends and authorities, geo-tracing, auto-recording audio and video, time-based alerts, as well as educational resources and support networks. To find out more information visit self-preservations.org.
In addition to CBD infused drinks discussed in previous press releases Metatron plans on producing CBD energy and relaxation shots based on our Cannaboids brand. Cannabis based drinks and shots can be shipped to all 50 states, and legal cannabis is the fastest growing industry in the United States according to Arcview Market Research.
A new report by Arcview found legal cannabis sales jumped 17%, to $5.4 billion, in 2015 and they will grow by 25% this year to reach $6.7 billion in total U.S. sales. We are in talks with other cannabis companies to white label apps, similar to the ones we have currently on the app stores and cannaboids.com portal, but with other brands.
The company is also announcing a forward split with record date of October 17th pending Finra approval. The ratio will be 10 to 11 with fractional shares rounded up.
In an effort to instill confidence and dilution protection for our valued shareholders, Metatron is pleased to announce the completion of its preferred class B dividend. Shareholders of record as of 8/25/16. For every 100k shares of common stock shareholders will receive 1 share of preferred B stock. The preferred B stock is unaffected by any future reverse splits and each share is convertible into 50,000 shares of common stock. The record date of dividend is 8/25/16 and the payable date was 8/30/16.
As the Company works toward building revenue producing apps and technology this dividend is one example of Metatrons commitment to shareholder value.
The Company continues to add to its 2000 plus proprietary app library and is seeking to complete a state of the art in app purchase module as soon as capital for development is available. The creation of the module is expected to generate a significant revenue increase over the next 12 months.
The Company also recently signed a joint venture deal with Circa Pictures to develop a crowdfunding platform for Entertainment content.
We at Metatron are excited about the companys direction and look forward to providing our shareholders with numerous updates in the coming weeks, stay tuned.
