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RETAIL
Since receiving the provincial approval for the
HEMP
Since having taken over the facility in
Efforts in developing sales contracts, both with Gaia's Joint Venture partner CannGroup, as well as other buyers for the various products that come from this tri-crop plant. Fibre, seed and flower will each be sold down their respective income-generating supply chains, per Gaia's original hemp-focused business model. Further updates on these sales contracts will be released as they are completed and signed.
Additional expansion of the CannGroup joint venture for processing of the milled hemp into extracted crude, distillate and isolate is underway, with contracts having been developed over the summer months. Further updates on the completion of the contracts will be provided to investors as they are completed and signed. In addition, CannGroup has completed and submitted its Evidence Package for a Site B Expansion for an extraction and formulations-focused processing site in
CHIEF FINANCIAL OFFICER
In addition, the Company is pleased to announce that effective immediately, Natalia Samartseva has been appointed as Chief Financial Officer of the Company. Ms. Samartseva is a designated chartered professional accountant (CPA, CA) with over twelve years of experience in financial reporting, compliance and corporate tax. She has provided comprehensive accounting and financial advisory services to a variety of public and private companies, including companies in the cannabis industry.
Ms. Samartseva fills the vacancy created by Zula Kropivnitski, who has left the Company to focus on other ventures.
For further information, contact
ON BEHALF OF THE BOARD OF DIRECTORS OF
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
CAUTIONARY AND FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Forward-looking statements and information are often, but not always, identified by the use of words such as "appear", "seek", "anticipate", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the hemp industry in general such as operational risks in growing; competition; incorrect assessment of the value and potential benefits of various transactions; ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals and changes in legislation, including but not limited to tax laws and government regulations. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release.
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Copyright (c) 2020 TheNewswire - All rights reserved., source