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MarketScreener Homepage  >  Equities  >  CANADIAN NATIONAL STOCK EXCHANGE  >  Chemesis International Inc    CSI   CA1635991039


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Chemesis International Inc :. Expands Cultivation Operations in Puerto Rico

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05/09/2019 | 08:59am EDT

(GlobeNewswire) - Chemesis International Inc. (CSE: CSI) (OTC: CADMF) (FRA: CWAA) (the Company or Chemesis), announces it has increased its Puerto Rico cultivation and manufacturing operations. The Company has seen significant demand increase in the island's cannabis industry, and as a result the Company has increased its cultivation capacity. With the expansion, Natural Ventures has built-out cultivation capacity in excess of 9,000 lbs per year, the Company will continue to expand towards a complete build-out of an annualized capacity of 30,000 lbs.

To increase its cultivation area, the Company has partnered with VividGro, a leader in agricultural technology for consumer and commercial applications. VividGro is providing Chemesiss Puerto Rico grow facility with its latest generation of LED lighting systems and environmental controls, which allows for significant reduction in electrical costs. In addition to lighting up the indoor grow space, VividGro also provided support in all aspects of the build out. VividGro is a vital partnership that will allow Chemesis to reduce its overhead costs, while increasing production, and maintaining quality.

Our technology will help light the way for Chemesis to lead the industry with lower production costs compared to traditional cannabis cultivation, said CEO of VividGro, David Friedman. Adding capacity, lowering costs, and being more energy efficient is a win-win for everyone.

Chemesis continues to concentrate its efforts in expanding its cultivation and manufacturing capabilities, this is as a result of the rise in demand for white labelling and its Natural Ventures line of products. With this addition, Natural Ventures will expand its capacity with large scale perpetual cycle adding a significant increase in production and adding consistent monthly outputs, and will allow Chemesis to realize a stronger return-on-investment for its shareholders.

Natural Ventures will continue to grow as it sees demand for its seed-to-sale cannabis services, the Company is a leader on the island and continues to differentiate itself with high-quality products, and practices, said CEO of Chemesis, Edgar Montero. Our partnership with VividGro brings energy-efficient lighting, and automated environmental controls that increase yields and grow quality. These upgrades allow the Company to fulfill previously announced purchase orders, meet increased demand for our Natural Ventures line of products, and bring on additional large contracts as the island's patient base continues to grow.

On Behalf of The Board of Directors

Edgar MonteroCEO and Director

About Chemesis International Inc.

Chemesis International Inc. is a vertically integrated global leader in the cannabis industry, currently operating within California, Puerto Rico, and Colombia.

Chemesis is developing a strong foothold in key markets, from cultivation, to manufacturing, distribution and retail. Chemesis has facilities in both Puerto Rico and California, allowing for cost effective production and distribution of its products. In addition, Chemesis leverages exclusive brands and partnerships and uses the highest quality extraction methods to provide consumers with quality cannabis products.

Chemesis will add shareholder value by exploring opportunities in emerging markets while consistently delivering quality product to its consumers from seed to sale.

About VividGro

VividGro is a pioneer in the AgTech space. A spin-off of Lighting Science, a global leader in the research and development of advanced, innovative engineered spectrums for biological, horticultural and consumer LED lighting solutions, VividGroincludes Merida and Pegasus as investors. Tailored to the automation and efficiency needs of the indoor agriculture and horticultural markets, VividGro implements solutions that help growers maximize yields and reduce costs. Our state-of-the-art VividGro customized lighting product line delivers optimized PAR to maximize plant growth and PAR efficacy.

Our control automation systems and data collection strategies are able to measure and modify growing to help growers learn how to use their resources more efficiently. It is not the lights you use; it is how you use them. Learn more about VividGro at www.VividGro.com and join us on social media at Facebook, Twitter, and Instagram.

Investor Relations:ir@chemesis.com1 (604) 398-3378

Social Media:Chemesis.facebookChemesis.twitterChemesis.instagramDesertZen.instagramCaliforniaSap.instagramJay&SB.instagram

Forward-Looking Information: This news release contains "forward-looking information" within the meaning of applicable securities laws, including in relation to statements regarding the Acquisition, the Buy-Out Transaction, the anticipated benefits of the Acquisition and the Buy-Out Transaction, respectively, the ability to realize any profits or increase to profits from its production facilities the expected size of the CBD market, the Companys ability to increase production of various cannabidiol products, and generally regarding the business, profitability, products and future of the Companys business, its product offerings and plans for revenue generation, sales and marketing, including upon completion of the Acquisition and Buy-Out Transaction, respectively. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, the risks that the Acquisition or Buy-Out Transaction, respectively, will not be completed as proposed or at all, that the anticipated benefits of the Acquisition or Buy-Out Transaction, respectively, will not materialize, that its production facilities will not be profitable or increase profitability as expected, that the CBD market will not expand as anticipated, that the Company will not be able to expand production of CBD products at the rate anticipated upon closing of the Acquisition or Buy-Out Transaction, respectively (or at all), and generally that the Company's products and plan will vary from those stated in this news release and the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct and makes no reference to profitability based on sales reported. The statements in this news release are made as of the date of this release.

The CSE has not reviewed, approved or disapproved the content of this press release

(c) 2019 AIN. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Edgar Montero Chief Executive Officer & Director
Amandeep Parmar President & Director
Eli Dusenbury Chief Financial Officer
Brian G. Thurston Independent Director
Dave McMillan Independent Director
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