DOVER, DE / ACCESSWIRE / October 17, 2016 / Metatron (OTC: MRNJ) is pleased to announce an agreement with a new electrifying cannabis and e- commerce portal Buzzlink.com to develop mobile apps for iOS and Android platforms. Buzzlink will connect the cannabis community through mobile apps and its website portal as well as provide e-commerce solutions to dispensaries. Buzzlink is is expected to launch spring of 2017 and will be an exciting place for people to find products, hangout and share experiences.
Metatron is highly engaged in the rapidly growing U.S. Marijuana industry. We see the virtually untapped potential of integrating the cannabis, vape, and CBD community in one electrifying social media community!
It is estimated that there are 158.8 million cannabis users worldwide and that figure is likely much higher given the need for anonymity in light of current laws*. A new report by Arcview found legal cannabis sales jumped 17%, to $5.4 billion, in 2015 and they will grow by 25% this year to reach $6.7 billion in total U.S. sales. November 2016 elections have the potential to open or expand markets in 8 additional states.
We are now developing CBD (cannabidiol) infused drinks and have already released apps where vape and CBD users can share their experiences and purchase products with like-minded people. The cannabis community platform has been added to our flagship app Cannaboids, and we plan on connecting apps like Buzzlink, Vape Trails and Green Bee as well.
Further with the looming legalization of marijuana on numerous state ballots in November 2016 we intend to ramp up our effort to quickly take advantage of this burgeoning opportunity.
Metatron is working hard to reduce company debt and believes the company is severely undervalued at present. There will be no reverse split this year and no plans beyond that.
October is Domestic Violence Awareness Month and in collaboration with the Self-Preservations Foundation we have created their website and are currently developing innovative apps that increase personal safety for everyone. The first app in the series is called "iSafe" and is currently in development for Android and iOS mobile platforms. iSafe is an app that contains tools to prevent, protect, and increase personal safety. Planned features include auto-dialing friends and authorities, geo-tracing, auto-recording audio and video, time-based alerts, as well as educational resources and support networks.
Self-Preservations.org supports legislation that improves safety, a recent bill introduced in California AB 1433, amends the state Education Code to require any report of a Part 1 violent crime AB 1433, amends the state Education Code to require any report of a Part 1 violent crime or hate crime received by a college campus law enforcement agency to be immediately reported to the appropriate police or sheriff's department unless the victim expressly requests that such a report not be passed along. If administrations don't comply, they could be on the hook for liability damages for negligence. To find out more information visit self-preservations.org.
In addition to CBD infused drinks discussed in previous press releases Metatron plans on producing CBD energy and relaxation shots based on our Cannaboids brand. Cannabis based drinks and shots can be shipped to all 50 states, and legal cannabis is the fastest growing industry in the United States according to Arcview Market Research.
We are in talks with other cannabis companies like Buzzlink to offer white label apps and develop commerce solutions, similar to the ones we have currently on the app stores and our Cannaboids.com portal, but with alternative branding and custom features.
The company announced a forward split with record date of October 17th pending FINRA approval. The ratio will be 11 to 10 with fractional shares rounded up.
In an effort to instill confidence and dilution protection for our valued shareholders, Metatron is pleased to announce the completion of its preferred class B dividend. Shareholders of record as of 8/25/16. For every 100k shares of common stock shareholders will receive 1 share of preferred B stock. The preferred B stock is unaffected by any future reverse splits and each share is convertible into 50,000 shares of common stock. The record date of dividend is 8/25/16 and the payable date was 8/30/16.
As the Company works toward building revenue producing apps and technology this dividend is one example of Metatron's commitment to shareholder value.
The Company continues to add to its 2000 plus proprietary app library and is seeking to complete a state of the art in-app purchase module as soon as capital for development is available. The creation of the module is expected to generate a significant revenue increase over the next 12 months.
The Company also recently signed a joint venture deal with Circa Pictures to develop a crowdfunding platform for Entertainment content.
We at Metatron are excited about the company's direction and look forward to providing our shareholders with numerous updates in the coming weeks, stay tuned.
*data according to Social Times
CBD website: http://cannaboids.com
Any statements made in this press release which are not historical facts contain certain forward-looking statements, as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. These forward- looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results of the specific items described in this release, and the company's operations generally, to differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's need for additional financing, which is not assured and which may result in dilution of shareholders, the company's status as a small company with a limited operating history, dependence on third parties and the continuing popularity of the iOS operating system, general market and economic conditions, technical factors, receipt of revenues, and other factors, many of which are beyond the control of the company. Although we believe that the expectations reflected in the forward- looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of such statements, and we disclaim any obligation to update information contained in any forward looking statement. Metatron retained Global Discovery Group Inc. for $15,000 for consulting services and the company retained Pacific Equity Alliance LLC by issuing Integrative Business Alliance LLC 100m rule 144 for 1 year consulting services. Metatron does not grow, sell or distribute any substances that violate United States Law or the controlled substance act.
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SOURCE: Metatron Inc.