CHEYENNE, WY / ACCESSWIRE / May 3, 2021 / MJ Biotech, Inc. (OTC PINK:MJTV) partner, Genesis Botanical Research (GBR), is pleased to report they have broken ground on a second foundation which will be used to store hemp biomass. Plans for the structure arrived at GBR corporate offices, and several contractors are currently placing bids for the erection of the structure. Upon completion of this process, plans will be submitted for official town approval.
Final designs on the erection of the primary extraction facility have been reviewed by GBR and resubmitted to engineering to add additional square footage and height r to accommodate the extraction equipment. Additionally, this measure was undertaken to add to the structure a commercial loading dock to accommodate semi-trucks for shipping and distribution.
GBR executives and project managers see the real possibility of having an oversupply of hemp biomass for the facility. This action was taken into consideration when the decision was made to expand the operational capacity. Satellite sites are also being considered for further expansion anticipated in early 2022.
A Power Point presentation is available for current MJTV shareholders and accredited investors. A Non-Disclosure Agreement will be required, along with and confirmation of shareholder status and qualification of inquirer status as an accredited investor, prior to providing access to the presentation.
For additional information and or requests for the power point please contact us at info@mjbiotech.us.
Safe Harbor Statement: Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. MJ Biotech Inc. does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated status of such statements. Therefore, in no case whatsoever will MJ Biotech. Inc. and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.
SOURCE: MJ Biotech, Inc.
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https://www.accesswire.com/643679/MJ-Biotech-Inc-Submits-Final-Designs-for-CBD-Extraction-Facility-and-a-Second-Foundation-for-Further-Expansion
