Received by email:

File: '\\doc\emailin\20200724 152523 Attachment CSI-20200724-CSISatisfiesDebtSettlement.docx'








Chemesis International Inc. Announces Completion of Debt Settlement

July 24, 2020

Vancouver, BC - Chemesis International Inc. (CSE: CSI) (OTC: CADMF) (FRA: CWAA) (the "Company" or "Chemesis"), is plea
--->sed to announce it has settled outstanding accounts payable liabilities in the amount of CDN $470,843.49 (the "Debt Se
--->ttlement").  The Debt Settlement has been satisfied through the issuance of 692,416 units (the "Units") at a price of 
--->$0.68 per Unit.  Each Unit consisted of one common share in the capital of the Company (the "Common Shares") and one c
--->ommon share purchase warrant (each, a "Warrant") with each Warrant entitling the holder thereof to purchase one additi
--->onal common share (each, a "Warrant Share") of the Company at a price of $0.85 per Warrant Share for a period of 24 mo
--->nths following issuance.

Furthermore, the Company has also settled further outstanding accounts payable liabilities in the amount of USD $24,00
--->0 (the "Debt Settlement").  The Debt Settlement has been satisfied through the issuance of 38,307 Common Shares in the
---> capital of the Company at a price of $0.85 per Common Share.

The Common Shares issued in connection with each of the Debt Settlements are subject to a statutory hold period of fou
--->r months plus one day from the date of issuance, in accordance with applicable securities legislation, expiring Novemb
--->er 25, 2020.


On Behalf of The Board of Directors

Edgar Montero
CEO and Director

About Chemesis International Inc. 

Chemesis International Inc. is a vertically integrated U.S. Multi-State operator with International operations in Puer
--->to Rico and Colombia. 

The Company focuses on prudent capital allocation to ensure it maintains a first mover advantage as it enters new mark
--->ets and is committed to differentiate itself by deploying resources in markets with major opportunities. The Company o
--->perates a portfolio of brands that cater to a wide community of cannabis consumers, with focus on quality and consiste
--->ncy.

Chemesis has facilities in both Puerto Rico and California. The Company is positioned to win additional licenses in hi
--->ghly competitive merit-based US states and will expand its footprint to ensure it maintains a first mover advantage. 



Investor Relations:
ir@chemesis.com
1 (604) 398-3378

Forward-Looking Information: This news release contains "forward-looking information" within the meaning of applicable
---> securities laws relating to statements regarding the Company's business, products and future of the Company's busines
--->s, its product offerings and plans for sales and marketing, including with respect to the Company's expectations regar
--->ding its supply and distribution arrangements, ability to realize benefits from its recent contractual arrangements, i
--->ts plans to continue to develop dispensaries in Puerto Rico, and its ability to obtain licenses in additional jurisdic
--->tions.  Although the Company believes that the expectations reflected in the forward-looking information are reasonabl
--->e, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue
---> reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that 
--->may cause actual results, performance and developments to differ materially from those contemplated by these statement
--->s depending on, among other things, the risks that the Company's products and plan will vary from those stated in this
---> news release and the Company may not be able to carry out its business plans as expected, including, but not limited 
--->to, in relation to executing on and maintaining its supply and distribution arrangements and recent contractual arrang
--->ements, in relation to developing dispensaries in Puerto Rico, and its ability to obtain licenses in additional jurisd
--->ictions. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any f
--->orward-looking statements or forward-looking information in this news release. Although the Company believes that the 
--->expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectat
--->ions will prove to be correct and makes no reference to profitability based on sales reported. The statements in this 
--->news release are made as of the date of this release.

The CSE has not reviewed, approved or disapproved the content of this press release.