On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

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 science-backed education and superior products that utilize standardized dosing and unique delivery methods. Market professionals rightly require a safe, consistent product that meet strict conditions.

Eqova CEO Patrick Stiles, who is responsible for founding and growing several nutraceutical brands, has sold millions of dollars in products online through a variety of channels. Eqova’s medical advisory board seeks the most effective phytocannabinoid-rich hemp oil, ingredients and delivery methods – combining them into innovative, cutting edge products that deliver standardized dosing and consistent pharmaceutical grade ingredients that actually help patients. All Eqova products go through rigorous third-party testing before and after manufacturing, ensuring that Equova’s products contain no or only trace amounts of psychoactive ingredients such as THC (tetrahydrocannabinol).

“Today, consumers are smarter than ever before. They demand superior products but also want it backed up with education,” Stiles said in a news release. “The days of empty promises are over. This is why we exclusively partner with medical professionals to bring our full spectrum hemp oil products to their patients.”

William Bossung, CFO of Grey Cloak Tech, said the acquisition is contingent on meeting various obligations and conditions and will be consummated as soon as is reasonably practicable.

“The possibility of growing substantial revenues certainly exists with Equova,” Bossung said. “With Mr. Stiles’ business savvy, we expect to have substantial increases in revenue.”

For more information on Grey Cloak Tech Inc., visit www.GreyCloakTech.com

For information about Eqova Life Sciences, visit www.Eqova.com

More from CannabisNewsWire

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

For more information please visit https://www.cannabisnewswire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

CannabisNewsWire (CNW)
Denver, Colorado
303.498.7722 Office


Select A Month

Official NewsWire Relationships

Alternative Products Expo Benzinga Cannabis Capital Conference Cannabis Business Summit & Expo 2019 Cannabis Drinks Expo Cannabis World Congress & Business Exposition Cannexpo Marigold PR MjMicro Conference New England Cannabis Network O'Cannabiz Conference & Expo Tether BudTender Tether BudTender Appreciation Week

CannabisNewsWire Currently Accepts



Bitcoin Cash

Bitcoin Cash

Doge Coin






USD Coin

USD Coin

Contact us: 303.498.7722