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Friday, December 2, 2022

ProText Mobility, Inc. (OTCMKTS: TXTM) Powerful Runner as RSA Medical Marijuana Dispensaries RSAMMD™ Confirms TXTM Reverse Merger & Lays Out Expansion Plans

ProText Mobility, Inc. (OTCMKTS: TXTM) is making a powerhouse run up the charts this week trading over $4.5 million in dollar volume on Tuesday alone and defying the overall markets once again; making big gains while the large caps collapse. We wrote in our article on Sunday that TXTM was gearing up for a big week ahead after they closed the long awaited RSAMMD reverse merger when RSA Medical Marijuana Dispensaries RSAMMD™ tweeted “And just like that, @RSAMMD Acquisitions LLC is Pleased to Announce it has closed on the Acquisition of TXTM.” We were right about that, TXTM opened on Monday at $0.0026 and closed over the $0.01 mark on Wednesday.

The more we are learning about RSA Medical Marijuana Dispensaries RSAMMD™ the more interesting it becomes. RSAMMD in Joint Venture with Leeds Boerdery, cultivated hemp and cannabis crops this past season on a combined 1000+ hectares. According to RSAMMD website they produced 35,000 kilograms on 1,000 hectares plot sitting on a 5,000-hectare farm so there is lots of room for expansion. They could easily increase the $85,750,000. These figures have not been confirmed by RsAMMD. 5-fold on the farm they are currently on. They could also greatly increase their yield per hectare as compared to many Companies that can easily get 1,000 kilos per hectare. Currently trading at a $31 million market valuation TXTM has a lot of room to grow. 

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RSA Medical Marijuana Dispensaries RSAMMD™ is a fully licensed health practitioners, qualified to dispense and prescribe medical cannabis in South Africa. The Company offers superior patient care and 100% Indoor and greenhouse grown cannabis ensuring patients receive clean, safe, and pure medical cannabis products. RSAMMD has 2 commerical licenses, 1 dispensing, importation & prescription license, 2 permits, 1 seed bank cultivar and with an annual production of 35,000 kilograms per year.

On June 13 Republic of South Africa Medical Marijuana Dispensaries Acquisitions LLC (“RSAMMDA.LLC”) announced it has closed on the acquisition of Protext Mobility, Inc (OTC PINK: TXTM) (A.K.A. Protext Pharma) in a share exchange whereby 100% of capital stock in RSAMMDA.LLC will be exchanged for Preferred Stock in Protext. RSAMMDA.LLC. is a jointly owned company focused on acquistions with two principals, Mr. Dylon Du Plooy and Dr. Ahmed Jamaloodeen (“Dr. J”) who represent the South African business entities of RSAMMD and Leeds Boerdery. RSAMMD is a South African pioneer in the research, cultivation, production and distribution of medical cannabis and cannabinoids. Leeds Boerdery, controlled by Dr. J, owns the 5000 Hectacre New Castle Farm as well as federally issued cannabis and hemp licenses issued by the Government of South Africa. RSAMMD management have taken over the daily operations of Protext headed by Mr. Du Plooy as CEO and Director, and Dr. Jamaloodeen as President and Chairman of the Board. 

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Mr. Dylon Du Plooy, Protext CEO and Principal of RSAMMD.LLC, commented, “This transaction has been a long time in the making. For the past couple years we have been focused on building our operations in South Africa and globally, where have built an extensive infrastructure and global cannabis/hemp business. During this period of time, we have invested heavily in building a significant cannabis/hemp operation to facilitate complete seed to sale, R&D, global off-take agreements for end product as well as all the extraction infrastructure needed to create what we believe to be some of the highest quality hemp and cannabis on the planet. In South Africa right now, we have just completed our semi-annual grow. RSAMMD in Joint Venture with Leeds Boerdery, cultivated hemp and cannabis crops this past season on a combined 1000+ hectacres. All of this is done under federally issued permits and licenses to grow, import/export hemp and cannabis, as well as research permits for conducting testing of final products for human consumption and medicinal benefits.” 

Dr. Jamaloodeen, Protext President and Chairman, commented, “We are excited about this transaction and taking Protext to the next level. We believe there to be numerous synergies to incorporate the Protext proprietary live plant extraction technology and processes into our existing infrastructure. We envision adding other assets into the operations of Protext, including our off-take agreements and present sales, with the goal of uplifting exchanges in the future. As previously announced, Protext and RSAMMD jointly worked together and conducted a series of tests on live cannabis to prove out that the Kettle system and extraction technologies did what they were supposed to do. We look forward to discussing this further as well as our upcoming operational plans.” 

“Over the coming days and weeks, we will be sharing our immediate term road map and long-term plans we are developing for Protext which should translate into increasing shareholder value. These plans include adding other valuable assets to the company which complement the core business, and executing on commercializing the proprietary live plant extraction technology as well as deploying our crypto platform, with a TXTM token which we are excited to rollout very soon,” concluded Mr. Du Plooy. 

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Currently trading at a $31 million market valuation TXTM is the perfect RM runner with a far better share structure than HMBL/TSNP did by far and it’s got power TXTM trading $6.4 million in dollar volume and up 49% on Wednesday alone. The long awaited RSAMMD reverse merger happened just like that on a Sunday afternoon when RSAMMD tweeted “And just like that. Acquisitions LLC is Pleased to Announce it has closed on the Acquisition of $TXTM. We wrote in our article on Sunday that TXTM was gearing up for a big week ahead and we were right about that, TXTM opened on Monday at $0.0026 and closed over$ $0.01 on Wednesday. The more we are learning about RSA Medical Marijuana Dispensaries RSAMMD™ the more interesting and exciting it becomes. RSAMMD in Joint Venture with Leeds Boerdery, cultivated hemp and cannabis crops this past season on a combined 1000+ hectares. According to RSAMMD website they produced 35,000 kilograms on 1,000 hectares plot sitting on a 5,000-hectare farm so there is lots of room for expansion. 35,000kg at USD $2,450 per kilo based on $1,114 bulk price per pound of cannabis RSAMMD current annual production is worth $85,750,000. The Comapny could see a 5-fold increase in production on the farm they are currently on. They could also greatly increase their yield per hectare as compared to many Companies that can easily get 1,000 kilos per hectare. RSAMMD CEO Mr. Du Plooy said that the Company will be udpating shareholders in the coming days and sharing its immediate term road map and long-term plans it is developing for Protext which should translate into increasing shareholder value. These plans include adding other valuable assets to the company which complement the core business, and executing on commercializing the proprietary live plant extraction technology as well as deploying the crypto platform, with a TXTM token. Microcapdaily will be covering RSAMMD as it happens so make sure you subscribe to Microcapdaily right now so you don’t miss it. 

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Disclosure: we hold no position in TXTM either long or short and we have not been compensated for this article.

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