Mr. Karl Kottmeier reports

CHEMISTREE CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT

Chemistree Technology Inc., effective Oct. 12, 2017, has closed the first tranche of the non-brokered private placement as announced Aug. 3, 2017.

The company issued 5,146,000 common shares at 25 cents per share for gross proceeds of $1,286,500. Immediately following this private placement issuance, the company has 20,294,405 common shares issued and outstanding.

Securities issued under the placement are subject to a four-month hold period, which will expire four months from the date of closing. The proceeds from the placement will be used for general working capital purposes.

The company may close a final tranche of the private placement for up to $700,000 via the issuance of up to 2.8 million common shares prior to the end of October, 2017.

Chemistree is an exciting new company, focusing its efforts on social media, branding, licensing and marketing technology. In addition to marketing events, brands and any other activities in the cannabis industry, the company will continue to identify other avenues for growth for social media marketing services, as well as brand marketing, product marketing, and more general services like financing and corporate consulting.