MJ Biotech, Inc. Submits Final Designs for CBD Extraction Facility, and a Second Foundation for Further Expansion
MJ Biotech, Inc. (OTC PINK:MJTV) announces progress with partner Genesis Botanical Research (GBR), who has begun construction on a second foundation to store hemp biomass. This follows the resubmission of designs for the primary extraction facility, which will be expanded to include additional height, square footage, and a commercial loading dock. GBR anticipates a potential oversupply of hemp biomass, prompting plans for operational capacity expansion and satellite sites by early 2022. A PowerPoint presentation will be available for accredited investors upon request.
- Construction of a second hemp biomass storage foundation underway.
- Expansion of the primary extraction facility to enhance operational capacity.
- Plans for additional satellite sites anticipated in early 2022.
- None.
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
FAQ
What is the latest update from MJ Biotech (MJTV) regarding its facilities?
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