10:21:45 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Chemistree Technology Inc
Symbol CHM
Shares Issued 34,233,589
Close 2019-02-19 C$ 0.49
Market Cap C$ 16,774,459
Recent Sedar Documents

Chemistree receives conditional use permit in Calif.

2019-02-19 10:15 ET - News Release

Mr. Karl Kottmeier reports

CHEMISTREE GRANTED CONDITIONAL USE PERMIT FOR DESERT HOT SPRINGS LAND

Chemistree Technology Inc.'s CHM Desert LLC has been granted a conditional use permit (CUP) by the City of Desert Hot Springs for its 9.55-acre property located in the city's cannabis cultivation-friendly zone (green zone).

The CUP encompasses cultivation in two greenhouse buildings totalling approximately 128,000 square feet as well as an additional building of up to an additional 40,000 square feet for processing, manufacturing and distribution of cannabis goods. Fully constructed, the company expects that a facility of this size has the potential to produce approximately 50,000 pounds of dried cannabis flower per year and, once fully licensed and constructed, will have the capacity to process, manufacture and distribute a range of cannabis-related products.

Karl Kottmeier, Chemistree's president, commented: "I am really proud of our California team for getting this CUP from concept to award in less than seven months. The City of Desert Hot Springs has proven to be a terrific partner and we look forward to commencing site works as soon as the permitting process allows. Our team has a track record of successfully building cultivation facilities in Desert Hot Springs and we are planning to move our project forward as aggressively as possible."

About Chemistree Technology Inc.

Chemistree Technology is an investment company dedicated to the U.S. and international cannabis sector, providing turnkey solutions for the regulated cannabis industry. The company's corporate strategy is to acquire and develop vertically integrated cannabis assets, leveraging management's decades of expertise in the cannabis industry and corporate finance, to own and operate licensed cultivation, processing, distribution and retail facilities.

We seek Safe Harbor.

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