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Chemesis International Inc
Symbol CSI
Shares Issued 77,854,161
Close 2019-06-24 C$ 1.90
Market Cap C$ 147,922,906
Recent Sedar+ Documents

Chemesis gets OK for Mich. hemp facility construction

2019-06-25 13:58 ET - News Release

Mr. Edgar Montero reports

CHEMESIS INTERNATIONAL INC. RECEIVES APPROVAL FROM THE STATE OF MICHIGAN TO INITIATE CONSTRUCTION OF ITS HEMP PROCESSING FACILITY

Chemesis International Inc. has received approval from Michigan to commence construction of its hemp processing facility. With this approval, the company will continue to focus on obtaining assets that allow Chemesis to vertically integrate its operations in the state. Chemesis will also work to bring its existing partnerships and brands from its current portfolio to consumers in Michigan.

In addition to beginning the construction of the facility, the company is also in the process of planting its first 13 acres of hemp under the previously announced hemp cultivation licence. When the first planting has been completed, the company will be positioned to take advantage of the 2019 cultivation season and will commercialize its operations.

"The approval from Michigan to commence construction of our processing facility is another major step forward in Chemesis's plan to expand as a multistate operator," said chief executive officer Edgar Montero. "The company believes the Michigan cannabis market will bring major value to our bottom line and we will continue to build our presence in the state. In addition to Michigan, the company will continue to perform due diligence on cannabis assets across the United States."

About Chemesis International Inc.

Chemesis is a vertically integrated United States multistate operator with international operations in Puerto Rico and Colombia.

The company focuses on prudent capital allocation to ensure it maintains a first-mover advantage as it enters new markets and is committed to differentiate itself by deploying resources in markets with major opportunities. The company operates a portfolio of brands which cater to a wide community of cannabis consumers, with focus on quality and consistency.

We seek Safe Harbor.

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