Metatron Inc (OTCMKTS:MRNJ) shares rallied then reversed on Monday after the company announced its cannabis community app and personal safety app.
Metatron Inc (OTCMKTS:MRNJ) shares rallied to $0.00020 on Monday then reversed 0.51% in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.01. The company has a market cap of $272,600 at 1.36 billion shares outstanding.
Metatron Inc is a digital content aggregator and distributor that aggregates and distributes downloadable content applications, available in Internet stores. It also provides professional 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 that, the company also offers strategic services, such as concept creation, service selection and campaign strategy; detailed reports and market insights, and others, along with creative services under which it assists its clients in producing digital content and designing websites.
In a press release this week, Metatron Inc announced that it is highly engaged in the developing cannabis industry. The company is currently developing CBD infused drinks and has already released apps where vape and CBD users can share their experiences and purchase products with like-minded people. This will be added to their flagship app Cannaboids, which will be integrated to their other apps like Vape Trails and Green Bee.
In the same press release, Metatron Inc also announced that it will be having a forward split with record date of October 17th pending Finra approval. The ratio will be 10 to 11 with fractional shares rounded up. As for dilution protection, the company also announced the completion of its preferred class B dividend, adding that it is working hard on reducing debt and that it still believes that the company is undervalued at the moment. Lastly, Metatron Inc shared that recently signed a joint venture deal with Circa Pictures to develop a crowdfunding platform for entertainment content and will be providing its shareholders more detailed updates in the coming weeks.
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