The company would like to notify investors that after significant due diligence in entering the marijuana sector with a mobile app, we have decided that it is not in the best interest for our company and for our shareholders to put the company at risk in the sector. The Marijuana sector as outlined by a recent SEC bulletin clearly highlights the space as being unsafe and therefore we do not want to entangle our company within a sector facing so much negative scrutiny. The initial mobile app framework has been shifted to another sector which we plan to enter, and will be announcing shortly. We are excited that we have found a better candidate for this technology and look forward to presenting it in the near future. Our company will continue its track record of developing and delivering technology products for our customers and investors. The company would therefore like to retract our announcement on March 5 2014 that announced entering the Marijuana sector. We are not a Marijuana company, nor have we ever been. We are a web and mobile technology company that develops innovative technologies for today’s fast paced and engaging technology space.”, said Myriad CEO Derek Ivany. |