Ultrack Systems Inc (MJLB)

[linkvest]

Basically MJLB is waiting for UNGS to have the dispensing machines up and running so Greenscape can do all the testing and certifying on the pot that are in the dispenser for sale. Once UNGS cog of the gear is in place is when MJLB will start making REV's in testing procedures.

Sylios and GCC announced on August 15, 2014 an Agreement with Artemis Dispensing Technologies (“Artemis”) which licenses “particular technologies with respect to Cannabis related dispensary units… and to the utilization of said technologies, in the development, marketing and sale of said units.” The dispensing product is expected to be completed and launched during the fourth quarter of 2014.

Currently, recreational marijuana is available in both Colorado and Washington. State law in each of these jurisdictions requires testing – which explains Greenscape Laboratories, Inc.’s involvement.

Greenscape Laboratories, Inc. will provide the testing services required for retail sales through the automated dispensing kiosks. Greenscape believes this vertical integration will provide it with additional revenue, i.e., both from the testing services and from its investment in Sylios Corp.
Integral to the Agreement between Sylios and Greenscape, are cross-consulting agreements. The parties will be compensated in stock for these services, resulting in an investment in Sylios by Greenscape and vice versa.