Chemistree Technology (CSE: CHM) (OTCQB: CHMJF) this
morning posted a shareholder update regarding its Washington State assets. Per
the update, the company received an encouraging report from the general manager
of its Washington state licensee partner that detailed increases from April of
30% in sales, 36% in crop yield and 100% in retail client stores. Chemistree
also announced that Sugarleaf requested extra cultivation facilities at the
Sedro Wooley location, on the same turn-key basis as currently in place, so it
can double its current capacity and meet the quickly growing demand for
Sugarleaf branded products. “These numbers are surpassing my expectations and I
am really proud of the team at Sugarleaf for their focus on producing a
high-quality cultivated product, an exacting attention to detail, and
maintenance of rigid best practices in all parts of the operation. The
Sugarleaf order book is now fully spoken for each month and the team now has
new clients looking for Sugarleaf products every week. I know I speak for the
entire Chemistree management team when I say how pleased we are to be landlords
to such an amazing cultivator,” Chemistree chief cannabis officer Sheldon
Aberman stated in the news release.
To view the full press release, visit http://ibn.fm/PUgO6
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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