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The Agreements bring marketing, processing equipment, intellectual property and years of extraction and formulation experience to the SpeakEasy processing facility.
RC Frontier Labs brings all equipment necessary to allow SpeakEasy to enter the cannabis concentrate market immediately.- SpeakEasy's outdoor crop is perfectly suited to create high quality value added products and with its low cost, gives SpeakEasy an advantage in the market.
RC Frontier Labs brings years of experience in the legal extraction market.
Founder,
Increase margin and product portfolio
Geen further states, "Not all genetics are created equal, the Company's outdoor grow varieties were selected with concentrates in mind. Ladened with all ingredients needed to make world class concentrates, the outdoor crop is both low cost and highly potent. The cost savings of low-cost input material is multiplied when making concentrates as it takes many grams of input material to make a single gram of concentrate, leveraging SpeakEasy's input material cost per gram advantage. When you combine the right equipment, the right team and the perfect material to make it from, good things will happen."
Expedite time to market
Entering into the Agreements with
Founder
The Company has agreed to pay
Subject to compliance with applicable laws, including the policies of the Canadian Securities Exchange, the Consulting Fee shall be satisfied through the issuance of common shares in the capital of the Company (the "Common Shares" at a deemed price of
The Agreements are considered to be related party transactions within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") as a result of
About
square foot indoor cannabis complex and has successfully completed its first harvest of its 60-acre outdoor field. Total yearly production of cannabis flower and biomass is projected to be in excess of 100,000 kilograms per year.
On Behalf of the Board of Directors,
CEO
Statement Regarding Forward-Looking Information
This news release contains statements that constitute "forward-looking statements." Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause SpeakEasy's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
Forward-looking statements in this document include statements concerning SpeakEasy's expectations concerning production volumes, its expectation that it will commence extraction and creation of concentrates and value added products, expectations regarding the sales of those products, its expectations regarding the costs savings resulting from entering into the Agreements and its relationship with
Although SpeakEasy believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; COVID-19, adverse industry events; future legislative and regulatory developments involving cannabis; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the cannabis and hemp industries and markets in
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
The Canadian Securities Exchange has not approved nor disapproved the contents of this news release.
SOURCE
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