Metatron Inc (OTCMKTS:MRNJ) shares were down 0.50% on Thursday but could be poised for strong flight with its entrance into the cannabis industry. Share prices have been trading in a 52-week range of $0.00 to $0.01.
In a recent press release, Metatron Inc announced that it is starting a joint venture with Circa Pictures to develop a global media channel for unique content along with a corresponding video crowdfunding platform. Under the agreement, the companies will have a mutual stock swap in an amount roughly equal to 5% of their current issued and outstanding common stock.
In this venture, the companies will create websites, apps, social media and Youtube channels to operate as a global content network for various entertainment production clients and projects. The company has a pipeline of more than a dozen movie and television projects seeking total funding greater than $25 million, and the crowdfunding platform will be launched by the end of the year.
More interestingly, Metatron Inc announced it had updated the website for a new cannabis and e-commerce portal Buzzlink.com, and its Cannaboids.com brand. It has several cannabis related apps on iTunes and Google, also planning on releasing a Buzzlink app in the first quarter of next year.
The company highlighted the outcome of the November 8 vote, which leads to the legalization of medical or recreational marijuana in several states. It explained that it was able to register users and businesses with little or no cost to their apps. The company doesn’t occur any large expenses from this activity since they are not directly involved with production of cannabis-related products.
Aside from that, their experience in digital content and marketing enables them to take advantage of this online niche better than their competitors. Also, its business model is not tied to the success of a particular brand but rather the industry as a whole. Metatron Inc gave its success in self-help and fitness apps as an example of how they were able to leverage their skills in benefitting from overall industry growth. Analysts predict that the cannabis market could grow to $22 billion by 2020 and might see around 30% annual growth each year from here.
Lastly, Metatron Inc continues to add to its 2000 plus proprietary app library and is working on on adding an in-app purchase model to most apps in collaboration with another programming company and in-house resources. These comprise major projects in their pipeline and rollout of the module is expected to generate a significant revenue increase over the next 12 months.
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,” the press release concluded.
Metatron Inc is a digital content distribution and mobile application company. In particular, it is a digital content aggregator and distributor of downloadable content applications, available online. It also provides consulting services in the areas of web development, mobile software, online marketing, pay-per-click management, search engine optimization services and corporate strategy to its content generator clients and Internet-based businesses.
Aside from all that, Metatron Inc provides services, which include strategic planning, Web site content development, graphic design and computer programming. Its strategic services include concept creation, service selection, and campaign strategy, detailed reports and market insights, strategic direction based on market research, and strategic competition campaign analysis.