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Enter Symbol
or Name
USA
CA



Canadian Zeolite Corp
Symbol CNZ
Shares Issued 23,659,862
Close 2016-11-23 C$ 0.79
Market Cap C$ 18,691,291
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Cdn Zeolite lands Puerto Rican pot grower as customer

2016-11-23 08:47 ET - News Release

Mr. Ray Paquette reports

CANADIAN ZEOLITE TO SUPPLY LICENSED MEDICAL MARIJUANA PRODUCER NATURAL VENTURES, LLC OF PUERTO RICO

Canadian Zeolite Corp. has reached a supplier agreement with Natural Ventures LLC, a Puerto Rico-based licensed grower and manufacturer of medical marijuana. Canadian Zeolite will now be working with Natural Ventures to enhance its growing production per square foot with zeolitic fertilizers and substrates.

Natural Ventures is located near San Juan, Puerto Rico, and has an indoor growing facility of 100,000 square feet. Currently there are over 60,000 registered medical marijuana patients in Puerto Rico and that number is expected to increase significantly in 2017. Natural Ventures chief executive officer Edgar Montero stated: "We are very excited to be implementing a natural zeolitic fertilizer for our 2017 crop. With an expected increase in crop yield, we anticipate being able to fully service the increase in demand for our product in Puerto Rico and the other parts of the Caribbean market as they open."

Canadian Zeolite CEO Ray Paquette stated: "We are extremely pleased to be supplying Natural Ventures of Puerto Rico. Plant nutritional needs vary between different species and zeolites are considered as good substrates for developing slow-release fertilizers. Canadian Zeolite's natural zeolite is being developed as a value-added and highly efficient soil-less substrate for growing a wide variety of plants including medical marijuana."

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