JTBK anticipates appointing a new head of operations for their wholly-owned subsidiary The Indica Company™. Jetblack has started the process to locate an individual with acute e-commerce experience, that can lead the company’s operations. The role is expected to be filled in the next 60 days. “We would like to grow the company until it’s ready to be a stand-alone company,” explained JTBK management.
The Indica Company™ has launched an e-commerce site focused on cannabis lifestyle products. The company expects new product lines in the coming weeks.
Social Media:
The company expects to incorporate a new subsidiary “tentatively named Project Ag-1” as early as next week. Which will lay the foundation for R&D in agricultural genetics. “Project Ag-1” expects to requests samples from the Department of Agriculture for R&D purposes as early as next week. The company is also analyzing path of least resistance to explore cannabis genetics in parallel.
In addition, JTBK has started the process to create a business continuity plan for the company. “We need to have in place personnel and procedures that ensure business continuity for the good of investors,” explained management. The company will expand on this in the coming weeks.
About
Jetblack Corp. (OTC:JTBK) is a company that incubates and seeks to acquire businesses and assets to enhance shareholder value and market capitalization. Jetblack Corp. has one operating subsidiary named The Indica Company with the expectations of adding two more wholly-owned subsidiaries in the coming weeks. All three subsidiaries are in-house company incubations which are expected to be spun-off at a future date when they have respectively reached certain goals.
Disclaimer:
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 and management control which could, and likely will materially affect actual results, levels of activity, performance or achievements. Investors should be cautioned that nine out of ten start-ups and small businesses fail. If the company cannot achieve financing, then it may not be able to follow through with its business plan. This may lead to an investor losing part or their entire investment. Investors may have trouble locating a broker-dealer to trade their stock. 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. The loss of key employees would be detrimental to the company's success and may cause failure. Currently, the company is considered a penny stock, which means the spreads can be very far apart, sometimes illiquid, and investors may not be able to sell when they want or for the price they paid. In some circumstances, the investor may lose all their investment. This press release is not an offer to sell securities. Investors should also be cautioned that Covid-19, viruses, pandemics, diseases, also present serious challenges for business operations. Investors should note, these uncontrollable circumstances could potentially lead an investor to lose their entire investment.
Source:
Jetblack Corp. IR department
Emilia S. Olvera