Chemistree Technology (CSE: CHM) (OTCQB: CHMJF) this
morning provided an update to shareholders on its Washington state assets and
Desert Hot Springs, California cultivation facility development. Per the
update, Chemistree’s Washington state licensee partner has confirmed further
advancements in crucial areas of its cultivation facility, including the
appointment of key staff; upgrading of 288 on hand grow lights in flower and
sale of retrofitted lights, with new lights expected to improve crop yields by
20 percent or more; retail points of sale expansion of 25 percent, offering
Sugarleaf products; increase of product SKUs by 20 percent, with new products
including popular Diamonds, Live Resin, RSO, and Crumble. In addition,
Chemistree is also actively advancing its 9.55 acre Desert Hot Springs land
package with expected target completion in the first quarter of 2020. “I am
really pleased with the team at Sugarleaf Washington. With the full support of
Chemistree as landlord and turnkey equipment provider, this group of
people continue to do a tremendous job in restoring Sugarleaf to its previous
place in the Washington market for flower and pre-rolled products as well as
introducing new exciting products to the market,” Chemistree’s newly appointed
Chief Cannabis Officer Sheldon Aberman stated in the news release. “We are
confident that this trajectory of success will continue and that Sugarleaf’s loyal
retail customers will continue to enjoy the high-quality products and welcome
the new offerings as they are rolled out.”
To view the full press release, visit http://ibn.fm/OIsjE
About Chemistree Technology Inc.
Chemistree Technology Inc. is an investment company
dedicated to the U.S. cannabis sector, endeavoring to provide turn-key
solutions for the regulated cannabis industry. The company’s corporate
strategy is to acquire and develop vertically integrated cannabis assets,
leveraging management’s decades of expertise in the cannabis industry and
corporate finance to own and operate licensed cultivation, processing,
distribution and retail facilities. For more information, visit the
company’s website at www.Chemistree.ca.
NOTE TO INVESTORS: The latest news and updates
relating to CHMJF are available in the company’s newsroom at http://ibn.fm/CHMJF
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