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Gaia Grow Corp
Symbol GAIA
Shares Issued 202,501,981
Close 2019-11-26 C$ 0.04
Market Cap C$ 8,100,079
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Gaia Grow says positive test hemp results received

2019-11-27 09:04 ET - News Release

Mr. Frederick Pels reports

GAIA GROW PROVIDES UPDATE ON HEMP CROP

Gaia Grow Corp. has provided the following corporate update to its shareholders.

In addition to the previous gross yields that Gaia has previously commented on, management has fielded multiple calls and e-mails from various interested investors relative to the intermittent and final testing of the crop that Gaia has been carrying out on its 1,494.39 acres seeded with X59 hemp in Rockyview county, Alberta. Gaia's management team is excited to report that, per its original plans and overall expectations, the test results received from multiple labs have come back with the most positive results:

  • Cannabinoid potency -- within the upper percentiles of the limits of X59 genetics;
  • Microbiology -- pass;
  • Pesticides (full Health Canada required spectrum) -- pass;
  • Heavy metals -- pass; the soil reports completed by Gaia's agronomy partner at the start of the year before planting reflected that there was no presence of heavy metals, so there was no expectation or possibility of heavy metals of being leached into the plants; an independent lab test confirming this has been obtained as well.

As of early November, samples of the dried hemp product have been circulated to a variety of existing processors and a soon-to-be-operational cultivator (with processing ability) with the intent of continuing sales discussions that have been developing since earlier this year. It is common for any licensed party interested in purchasing product to conduct its own internal and/or third party tests to ensure accuracy and confidence in the results Gaia obtained through its own processes. This due diligence process is currently continuing with a number of interested parties. Management looks forward to reporting further information regarding these sales efforts in the coming weeks.

"Having a fully tested and compliant product has always been a prerequisite of our success," says Frederick Pels, chief executive officer of Gaia. "With positive test results, we maximize the value of our product and ensure positive and long-standing transactions as we forge our sales agreements for this crop and the growing seasons ahead."

We seek Safe Harbor.

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