MJ Biotech, Inc. Signs Letter of Intent for the Acquisition of a Hemp Based CBD Extraction Laboratory
02/12/2019 | 08:04am EST
Cheyenne, WY, Feb. 12, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- (OTC: MJTV) MJ Biotech, Inc. (f/k/a Michael James Enterprises, Inc.) has a fully executed Letter of Intent to acquire a California based extraction laboratory producing HEMP based Cannabidiol (CBD) oil.
This acquisition will provide MJ Biotech, Inc. the CBD oil required to produce its CBD infused Teas and Herbs. It will also allow MJ Biotech, Inc. to supply CBD oil to its current wholesale customer base. Once acquired, the Company plans on adding additional equipment to double its current CBD oil production.
CBD is extracted from the flowers and buds of the hemp plants. It does not produce intoxication; marijuana's "high" is caused by the chemical tetrahydrocannabinol (THC). Some of the benefits of CBD: it can reduce pain, relieve depression and anxiety, and promote heart health to name a few.
About MJ Biotech, Inc.
With a mission and commitment to promote health and wellness, MJ BIOTECH, INC., is diligently seeking new Commercial opportunities and relationships. These exciting new avenues range from the Medical Cannabis sector to healthy lifestyle products.
It is the MJ BIOTECH, INC., goal to not only promote and provide products for the public good, but to always remember our prime directive is that of enhancing Shareholder value.
We believe we can achieve both of these objectives by promoting positive lifestyle choices in the Commercial relationships that we create, foster and support.
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