Welcome to our dedicated page for Protext Mobility news (Ticker: TXTM), a resource for investors and traders seeking the latest updates and insights on Protext Mobility stock.
Protext Mobility, Inc (OTC:TXTM) is a company focused on the research, testing, and development of highly bioavailable botanical products. They utilize all-natural ingredients formulated for nutraceutical and pharmaceutical applications through proprietary live plant extraction technology. The company engages in the cultivation of hemp crops, processing raw CBD, and producing health and wellness products containing CBD derived from Genus Cannabis Sativa seeds. Protext Mobility aims to fulfill orders globally and has a strategic supply agreement with its President, who controls a 5,000-hectare farm in South Africa. The company does not own a farm or hold permits and relies on its President's farming operations for product fulfillment.
Protext Mobility (OTC PINK: TXTM) announced that a caveat emptor designation was placed on its trading symbol by OTCMarkets on November 11, 2022. Management is actively working to resolve this issue with the assistance of SEC legal counsel. They assure shareholders that the company's fundamentals remain strong and are committed to the Protext mission. Updates will be communicated through official channels. The company emphasizes confidence in overcoming this uncertainty and positioning itself favorably for the future.
Protext Mobility (OTC PINK: TXTM) has announced a significant initial order of 2.33 million pounds of Genus Cannabis Sativa, marking a milestone in cannabis supply agreements. This is touted as possibly the largest single cannabis order post-legalization, primarily for the Charlottes Angel strain, known for its high CBD content. The company, operating under federal permits in South Africa, plans to launch a branded CBD product line and aims to commercialize innovative live plant extraction technologies that enhance bioavailability by 10-15 times. This positions Protext as a leader in global hemp production.
Protext Mobility (OTC PINK: TXTM) has made significant progress in commercializing its proprietary live plant extraction technology. Following successful negotiations, the company has regained use of the Kettle extraction equipment, now located at Dr. Hurley's laboratory. This technology, which has demonstrated 10-15 times greater bioavailability than current products, is expected to revolutionize the cannabis market by producing potent, non-psychoactive extracts. TXTM anticipates exponential profit growth and is now positioned closer than ever to commercialization.
Protext Mobility, Inc. (OTC PINK: TXTM) has announced a Letter of Intent to acquire 100% of a top-shelf vodka brand, comprising three companies focused on brand assets, distribution, and licensing. The vodka is notable for being odorless and nine times distilled from premium French grain. The acquisition will be finalized within two weeks in exchange for preferred stock. CEO David Lewis emphasized the continuity of the new management and potential synergies with Protext's existing cannabis extraction technology, hinting at a roadmap for further development in North America.
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