Chemesis International Inc. to Launch Hemp Cigarettes
01 Octubre 2019 - 2:05AM
Chemesis International Inc. (CSE: CSI) (OTC: CADMF) (FRA:
CWAA) (the “Company” or “Chemesis”), will manufacture,
distribute and retail hemp cigarettes. The cigarettes will be
distributed throughout the United States and European markets as
the Company scales production.
In addition to the vape market, the global
cigarette market was worth $888 billion USD in 2018, and is
expected to grow at 4% CAGR during 2019-20241. With recent
regulation changes and a shift away from vaping, the Company
believes Hemp Cigarettes will become increasingly popular as an
alternative.
The Company will offer white-labelling contracts
along with its own branded products which will be distributed
throughout Chemesis’ dispensaries and distribution network. The
Company will also look to offer via e-commerce platforms as its
retail strategy further expands.
“Chemesis has been increasing its manufacturing
and distribution capabilities steadily,” said Chief Executive
Officer, Edgar Montero. “The Company will continue to expand its
catalogue offerings through unique products that give consumers
flexibility and choice. Hemp cigarettes provide the Company with
another product that brings shareholder value through high margins
and mass distribution. The product line compliments the previously
announced tobacco-free smokeless cannabis chew.”
On Behalf of The Board of
DirectorsEdgar MonteroCEO and Director
About Chemesis International
Inc.
Chemesis International Inc. is a vertically
integrated U.S. Multi-State operator with International operations
in Puerto Rico and Colombia.
The Company focuses on prudent capital
allocation to ensure it maintains a first mover advantage as it
enters new markets and is committed to differentiate itself by
deploying resources in markets with major opportunities. The
Company operates a portfolio of brands that cater to a wide
community of cannabis consumers, with focus on quality and
consistency.
Chemesis has facilities in both Puerto Rico and
California and is in the process of constructing a GMP certified
facility in Colombia. Chemesis’ Puerto Rico operations are licensed
to operate 100,000 ft2 of cultivation, and 35,000 ft2 of
manufacturing floor space. The Company is positioned to win
additional licenses in highly competitive merit-based US states and
will expand its footprint to ensure it maintains a first mover
advantage.
1 Cigarette Market: Global Industry Trends
Investor
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Forward-Looking Information:
This news release contains "forward-looking information" within the
meaning of applicable securities laws relating to statements
regarding the Company's business, products and future of the
Company’s business, its product offerings and plans for sales and
marketing. Although the Company believes that the expectations
reflected in the forward-looking information are reasonable, there
can be no assurance that such expectations will prove to be
correct. Readers are cautioned not to place undue reliance on
forward-looking information. Such forward-looking statements are
subject to risks and uncertainties that may cause actual results,
performance and developments to differ materially from those
contemplated by these statements depending on, among other things,
the risks that the Company's products and plan will vary from those
stated in this news release and the Company may not be able to
carry out its business plans as expected. Except as required by
law, the Company expressly disclaims any obligation and does not
intend to update any forward-looking statements or forward-looking
information in this news release. Although the Company believes
that the expectations reflected in the forward-looking information
are reasonable, there can be no assurance that such expectations
will prove to be correct and makes no reference to profitability
based on sales reported. The statements in this news release are
made as of the date of this release.
The CSE has not reviewed, approved or disapproved
the content of this press release
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