Grey Cloak Tech, Inc. (OTCQB: GRCK) this morning announced that it has acquired Eqova Life Sciences, a medically-focused CBD company, in an all-stock transaction. Located in Denver, Colorado, Eqova Life Sciences develops clinical-grade Full Spectrum Hemp Oil products that are sold exclusively via partnerships with licensed medical practitioners. Per the news release, no other hemp oil company currently focuses exclusively on the practitioner market, leaving it largely underserved. Included in the acquisition, Eqova has approximately $150,000 worth of CBD inventory, which is expected to be sold by the end of 2017. Eqova also has hundreds of relationships with suppliers, vendors and medical professionals who can carry their products and dozens of independent sales reps, as well as thousands in sales ready to book to Grey Cloak’s income statement. “Now that we have merged with GRCK, the possibilities for us in the CBD space are endless,” Patrick Stiles, incoming president and CEO of Grey Cloak, stated in the news release. “Eqova will just be the beginning. We will have the flexibility to enter many other segments of the industry.”
To view the full press release, visit http://dtn.fm/oH3Kp
About Grey Cloak Tech Inc.
Grey Cloak develops advanced software to overcome the most costly digital threats. Sharing a vision for change and inspired to make the Internet a safer place, Grey Cloak’s founders began developing unique systems to eliminate online fraud and to ultimately build a secure internet for businesses and consumers, alike. Today, the company vigorously protects its clients’ interests by identifying fraud patterns at their earliest stages to eliminate fraud and its financial ramifications. The company has begun laying the foundation for the safe internet with its proprietary digital advertising fraud detection software, Fraudlytic. For more information, visit www.greycloaktech.com
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