Pursuant to our news release of December 7, 2020, Canbud Distribution Corp. (CSE: CBDX) (FSE: CD0) ( “Canbud”) is pleased to confirm commencement of psychedelics related activity in Jamaica.

The company is pleased to announce that the property is being prepared for Phase 1 in Westmoreland parish, Jamaica. Construction has started on the psilocybin facility which will allow for cultivation and extraction. The plan is to build modular facilities that enable cultivation of psychedelic mushrooms and extraction in the most cost-efficient manner.

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Chemesis International Inc. (the “Company”) (CSE: CSI) (OTC: CADMF) (FRA: CWAA) is pleased to announce that all matters submitted to the shareholders of the Company at the Annual General and Special Meeting of the Company’s shareholders held on December 31, 2020 were approved.
In addition, the Company has granted, pursuant to its Equity Incentive Plan, options to purchase 1,500,000 shares of the Company exercisable for a period of 5 years at USD$0.70 per share to the directors, officers and consultants of the Company. The Company has also granted, pursuant to its Equity Incentive Plan, restricted share rights to acquire 1,500,000 shares of the Company to the directors, officers and consultants of the Company. One-half of such restricted share rights shall vest in three months from the grant date and the remaining one-half shall vest in six months from the grant date.
On Behalf of The Board of Directors
Josh Rosenberg
President
Investor Relations:
ir@chemesis.com
1 (604) 398-3378
The CSE has not reviewed, approved or disapproved the content of this press release

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Highlights:

  • Gold Flora is a vertically integrated California cannabis company with a leading indoor cultivation footprint and lease rights to expand its existing platform to over 500,000 sq. ft. at the Company’s cannabis campus in Desert Hot Springs California;
  • Stately Brands’ proven suite of seasoned cannabis and capital market executives appoint a member to the Advisory Board of Gold Flora and expected to join as advisors to the management team;
  • Stately Brands’ cash injection of C$10 million and contribution of other assets will help fast-track Gold Flora’s expansion as a dominant California cannabis company;
  • Gold Flora intends to bolster its existing brand portfolio with the launch of the Stately brand in 2021;
  • The Strategic partnership will help expand Gold Flora’s successful retail store brand, King’s Crew by leveraging its flagship Long Beach store on Pacific Coast Highway as a prototype for additional retail operations; and
  • Enhances Gold Flora’s distribution network, Shelf Life, which currently distributes in excess of 15 brands to over 425 licensed dispensaries within the State of California.

Gold Flora, LLC (“Gold Flora” or the “Company”) and Stately Capital Corporation (“Stately Brands”) are pleased to announce that the two companies have closed a transaction establishing a strategic partnership through an asset contribution agreement (the “Strategic Partnership”).

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HempFusion Wellness Inc. (“HempFusion”), a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition, is pleased to announce that it has filed a preliminary prospectus (the “Preliminary Prospectus”) with the securities regulatory authorities in each of the provinces of Canada, except Quebec, for a proposed initial public offering of (i) common shares of the Company (the “Offered Shares”) for gross proceeds of up to USD$7,000,000 (the “Share Offering”) and (ii) units of the Company (the “Units”) for gross proceeds of up to USD$10,000,000 (the “Unit Offering” and together with the Share Offering, the “Offering”). The offering price of the Offered Shares and the Units (the “Offering Price”) will be determined in the context of the market and is anticipated to be between USD$0.90 and USD$1.35 (the “Offering Price”) per Offered Share and per Unit, respectively.

“We are incredibly excited to announce our initial public offering and HempFusion’s intention to list its securities on the Toronto Stock Exchange. To be the first US-based CBD company to apply to list on the TSX is a tremendous honour,” stated HempFusion’s CEO, Dr. Jason Mitchell N.D. “Completion of this proposed initial public offering will accelerate our ability to scale HempFusion’s operations both domestically and internationally, drive accelerated growth within all our distribution channels, and significantly expand our marketing initiatives,” continued Mitchell.

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Adastra Labs Holdings Ltd. (CSE:XTRX)(FRANKFURT: D2EP) (“Adastra”) a Health Canada Licensed cannabis processing and analytical testing services Company, is pleased to announce the completion of installation and start of commissioning of its cryo-ethanol extraction system from Evolved Extraction Solutions (“Evolved”).

“We are pleased to announce the installation of a high-capacity cryo-ethanol system from Evolved Extraction Solutions. The industrial scale EV-MASS cryo-ethanol extraction system allows Adastra to triple our capacity for production of cannabis oil that can then be further refined into cannabis distillate.” – Andy Hale, CEO Adastra.

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Cann-Is Capital Corp. (the “Corporation”) (TSXV:NIS.P) is pleased to announce that it has entered into a binding engagement agreement with CWE European Holdings Ltd., a company incorporated under the laws of Canada (“CWE”), pursuant to which the Corporation will acquire all of the issued and outstanding shares in the capital of CWE (the “Proposed Transaction”).

When completed, the Proposed Transaction will constitute the Corporation’s qualifying transaction pursuant to the policies of the TSX Venture Exchange (the “Exchange”) and is subject to compliance with all necessary regulatory and other approvals and certain other terms and conditions. A comprehensive press release with further particulars relating to the Proposed Transaction will follow in accordance with the policies of the Exchange.

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