MJ Biotech, Inc. Submits Final Designs for CBD Extraction Facility, and A Second Foundation for Further Expansion
MJ Biotech (OTC PINK:MJTV) has commenced construction on a second foundation to store hemp biomass, signaling its commitment to expanded operations in partnership with Genesis Botanical Research. Contractors are currently bidding for the project, with plans to submit designs for town approval. Additionally, the primary extraction facility's design has been enhanced to include more space for equipment and a loading dock for efficient distribution. The company anticipates potential oversupply of hemp biomass, prompting this proactive expansion initiative.
- Initiation of construction for a second foundation to enhance storage capacity.
- Expanded designs for the primary extraction facility to accommodate more equipment.
- Addition of a commercial loading dock for efficient shipping and distribution.
- Proactive expansion in anticipation of a potential oversupply of hemp biomass.
- None.
CHEYENNE, WY / ACCESSWIRE / March 10, 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, 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 Genesis Botanical and resubmitted to engineering to add additional square footage and height in order to accommodate extraction equipment. This effort was undertaken as well as to add to the structure a commercial loading dock to accommodate semitrucks 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.
For additional information 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.
View source version on accesswire.com:
https://www.accesswire.com/634552/MJ-Biotech-Inc-Submits-Final-Designs-for-CBD-Extraction-Facility-and-A-Second-Foundation-for-Further-Expansion
FAQ
What recent developments have taken place regarding MJ Biotech's operations?
What is the purpose of the new foundation MJ Biotech is building?
What changes were made to the primary extraction facility design by MJ Biotech?
Which company is MJ Biotech partnering with for its expansions?
What potential challenge is MJ Biotech preparing for with its expansion?
