JetBlack Corp. (OTC: JTBK) (“JetBlack”) (“the company”) today announced clarification on its operations. Currently the company has one location in Hillsboro Oregon under lease, which is 8,400 square feet. The company entered into a second lease agreement in Portland Oregon. The company had a disagreement with the landlord and has decided to not move forward with the Portland location. “Now we can look for long term solutions rather than paying large monthly expenses. In the end this is a positive development,” explained CEO Daniel A. Goldin. Mr. Goldin went on to explain, “ We will look to purchase a property in 2019 if we achieve financing, in addition to building out our Hillsboro location.”
JetBlack Corp. (OTC: JTBK) through its family of subsidiaries operates in the emerging Cannabis Industry. The company is in the process of transferring ownership and locations for a Tier 1 Marijuana Producers License with OLCC to its Hillsboro location. The company has also applied for processing and wholesale licenses. The company is focused on building a strong foundation for future growth. JetBlack is in talks with different financing groups. The company is hopeful to find a financing group with reasonable terms.
More information can be found at our website www.jetblackcorp.com
This press release contains forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward- looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties include market risks associated with our business, the inability to raise enough capital to complete our business, economic conditions and increasing competition. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.