12:44:20 EDT Thu 09 Apr 2020
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Chemesis International Inc (2)
Symbol CSI
Shares Issued 29,695,106
Close 2020-02-04 C$ 0.73
Recent Sedar Documents

Chemesis's Natural Ventures licences reinstated

2020-02-04 18:59 ET - News Release

Mr. Edgar Montero reports

CHEMESIS INTERNATIONAL INC. PROVIDES CORPORATE UPDATE

Further to the news release dated Jan. 27, 2020, the Puerto Rico Department of Health (DHPR), as a result of the previously announced favourable judgment from the Puerto Rico Superior Court, San Juan (please see the news release dated Jan. 17, 2020), has reinstated all cannabis cultivation and cannabis manufacturing licences, held by Chemesis International Inc.'s subsidiary, Natural Ventures PR LLC. The decision, which is still under appeal, found that such abeyance of the licences was invalid and unconstitutional, and nullified such action.

The company noted that, at the current time, the licences have been reinstated to being operational, and that Natural Ventures is permitted to carry out the licensed activities under the licences. The company will provide further updates, as appropriate.

About Chemesis International Inc.

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

Chemesis has facilities in both Puerto Rico and California. The company is positioned to win additional licences in highly competitive merit-based U.S. states and will expand its footprint to ensure it maintains a first-mover advantage.

We seek Safe Harbor.

© 2020 Canjex Publishing Ltd. All rights reserved.