Chemistree
Technology (CSE: CHM) (OTCQB: CHMJF) on Thursday announced its support
for the passage of the Secure and Fair Enforcement Banking Act of 2019 (“SAFE
Banking Act”) by the United States House of Representatives. The SAFE Banking
Act is anticipated to be voted on by the U.S. Senate by the end of the year.
“Chemistree decided early in its history to focus on developing its business in
the legal cannabis industry in certain states in the US. Members of our
management team, our Board of Directors and major shareholders have long been
significant influencers in the legal cannabis industry in the United States,”
Chemistree Technology president Karl Kottmeier stated in the news release.
“Yesterday’s passage of the SAFE Banking Act by the U.S. House of
Representatives is not only a huge vote of confidence for them in their efforts
but also a crucial first step in the process of securing and simplifying
financial transactions in the legal U.S. cannabis industry.”
To view the full press release, visit http://ibn.fm/eixgf
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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