Grey Cloak Tech Inc. (GRCK) Signs Letter of Intent to Acquire Eqova Life Sciences

  • Clinical-grade full spectrum hemp oil products created for licensed medical practitioners included
  • Science-backed education, superior products meet requirements of medical profession
  • Medical cannabinoid product revenue projected to reach $1.15 billion by 2020

Grey Cloak Tech Inc. (OTC: GRCK) recently announced that it has signed a binding Letter of Intent to purchase Eqova Life Sciences, a Colorado-based medically-focused company producing clinical-grade full spectrum hemp oil products. To date, no other hemp oil company has exclusively focused on the medical practitioner market, leaving this important segment largely underserved. Grey Cloak Tech, which is known for its click fraud prevention products, has been searching for a way to enter the growing cannabinoid industry, as it noted in a news release (http://cnw.fm/Ak74N).

According to The Hemp Business Journal, sales of products derived from cannabinoids more than tripled from 2014 to 2017, rising to $358 million. Additional revenue predictions for the medical marijuana industry point to $1.8 billion in sales by 2022, the report states. Grey Cloak Tech expects to dominate the medical practitioner market with…

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