MJTV Wholly Owned Subsidiary, New England Biotech Accepts Delivery Of Post Secondary CBD Extraction Lines

Rhea-AI Summary

MJ Biotech (OTCQB:MJTV) announced the delivery of CBD extraction equipment by its subsidiary, Genesis Botanical Research (GBR). The equipment is currently being assembled at a temporary location before moving to the permanent facility in Maine. GBR is proactively performing necessary tasks to ensure operational readiness without delays. The company has been researching advanced extraction technology to produce high-quality CBD at reduced costs, aiming for higher profit margins.

Positive

• Delivery of new CBD extraction equipment is a significant step towards operational efficiency.
• Proactive measures taken by GBR to ensure timely facility readiness.
• Investment in advanced technology to enhance product quality and cost-efficiency.

Negative

• None.

CHEYENNE, WY / ACCESSWIRE / February 18, 2021 / MJ Biotech, Inc. (OTCQB:MJTV), is pleased to announce its partner, Genesis Botanical Research (GBR), an MJTV Wholly Owned Subsidiary, took in the delivery of CBD extraction equipment. The post-secondary extraction lines are being erected at a temporary satellite location for assembly and fine-tuning. These lines will be moved to the Maine extraction facility once the structure is complete.

As previously disclosed, the site of the facility is located in Sagadahoc County in Mid-Coast Central Maine on an agricultural plot of land. No time is being wasted as Genesis Botanical is and will perform tasks ahead of time, such as these CBD extractions lines, so there is no dead time between the necessary steps needed to be taken to have the facility operational.

GBR executives and project managers have been traveling throughout the United States over the past several months researching the latest technology in CBD extraction equipment to ensure MJTV produces the highest quality CBD at the lowest costs possible to ensure high profit margins.

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/630434/MJTV-Wholly-Owned-Subsidiary-New-England-Biotech-Accepts-Delivery-Of-Post-Secondary-CBD-Extraction-Lines

FAQ

What recent development has MJ Biotech (MJTV) announced?

MJ Biotech announced the delivery of CBD extraction equipment by its subsidiary Genesis Botanical Research.

Where is the new CBD extraction facility located?

The new CBD extraction facility is located in Sagadahoc County, Mid-Coast Central Maine.

What steps is Genesis Botanical Research (GBR) taking for the new facility?

GBR is assembling CBD extraction lines at a temporary location and performing tasks ahead of schedule to ensure operational readiness.

How does MJ Biotech plan to improve profit margins?

MJ Biotech aims to produce high-quality CBD at lower costs by investing in advanced extraction technology.