Gaia Grow Corp. announced that the company is preparing to shift focus exclusively to assets with the potential to generate revenue in the near term. The hemp market has been slow to develop, with commercial feasibility and market conditions rapidly changing.

Gaia's management has decided to shift focus and resources to its wholly owned extraction and retail assets that have been developing well and are now cash flowing. Management has terminated all hemp operations and has returned ownership of Canna Stream Solutions Ltd. (CSS) to its original owners. In connection with the return of CSS, the company has arranged for the cancellation of a total of 12.5 million common shares originally issued by Gaia in consideration for CSS.

The company has also agreed to lease certain operating equipment to CSS for its short-term use following the return of ownership.