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Megola, Inc. Announces Receivership Closed and Next Steps for CBD Distribution

Houston, Texas, Feb. 27, 2019 (GLOBE NEWSWIRE) -- Megola, Inc. (OTC: MGON),

Megola Corp. CEO Eric Ottens, is pleased to announce that the status of the receivership has been resolved with the Courts and has been posted with the Nevada Secretary of State.
Ottens stated: “This is a major accomplishment. We could not update the company information with OTC until this matter was resolved and finalized. We will now move forward with updating the registration filing with OTC and from there we can begin implementing the operational plans for our partnership with Acordy Spain. Acordy Spain is becoming involved in the production of medical marijuana products and will shortly begin distribution of CBD products in Portugal and Spain.”

The Company again wishes to notify all shareholders and persons of interest that Megola, Inc. will be making announcements and updates via social media. Updates can be found at the social media channels on Twitter and a Facebook Business Page .

Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

SOURCE Megola, Inc.
For further information, contact: Eric Ottens