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Enter Symbol
or Name
USA
CA



Cerus Energy Group Ltd
Symbol CEA
Shares Issued 67,320,360
Close 2018-03-14 C$ 0.07
Market Cap C$ 4,712,425
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Cerus's Camarico completes rezoning of Alberta land

2018-05-23 12:50 ET - News Release

Mr. Mackenzie Loree reports

CAMARICO RECEIVES RE-ZONING APPROVAL TO DEVELOP MARIJUANA-GROWING FACILITIES

Cerus Energy Group Ltd.'s Camarico Land & Development Corp. has completed the rezoning of its 320-acre leased land position in the county of Vulcan to direct control. The direct control designation will allow for the licensing and future cultivation of both medical and recreational marijuana, and the development of supporting infrastructure, key technologies and fully compliant growing facilities.

Camarico is planning to use the large land base of the Vulcan land lease area as the backbone for growth and expansion in the emerging medical and future recreational marijuana industry. Comarico's goal is to provide the highest-quality product on an industrial scale, at an industry-leading cost-per-gram production cost, through the unified efforts of talented personnel, a progressive municipality, and the uniquely integrated and highly efficient platform of Camarico.

Camarico Land & Development intends to file a development application with the county of Vulcan for a multiphase land and facility development strategy in the coming weeks.

Vulcan county is strategically located between Calgary and Lethbridge, with access to great local talent from the immediate rural areas, including the towns of Arrowwood, Mossleigh, Carseland, Strathmore, Okotoks and High River.

Cerus Energy chief executive officer, Mackenzie Loree, stated: "We are pleased to have the opportunity to work with the county of Vulcan and its residents in this landmark project for Camarico. This project will provide long-term economic opportunities and growth to the area through innovation and scale in a world-class industry."

About Cerus Energy Group Ltd.

Cerus is a Tier 2 Canadian-based oil and gas exploration company trading on the TSX Venture Exchange with property assets in both Alberta and Saskatchewan.

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