Natural Ventures Puerto Rico increases its cultivation space, manufacturing operations, & operations team
VANCOUVER, British Columbia, May 08, 2019 (GLOBE NEWSWIRE) — Chemesis International Inc. (CSE: CSI) (OTC: CADMF) (FRA:CWAA) (the “Company” or “Chemesis”), announces it has increased its Puerto Rico cultivation and manufacturing operations. The Company has seen significant demand increase in the island’s cannabis industry, and as a result the Company has increased its cultivation capacity. With the expansion, Natural Ventures has built-out cultivation capacity in excess of 9,000 lbs per year, the Company will continue to expand towards a complete build-out of an annualized capacity of 30,000 lbs.
To increase its cultivation area, the Company has partnered with VividGro, a leader in agricultural technology for consumer and commercial applications. VividGro is providing Chemesis’s Puerto Rico grow facility with its latest generation of LED lighting systems and environmental controls, which allows for significant reduction in electrical costs. In addition to lighting up the indoor grow space, VividGro also provided support in all aspects of the build out. VividGro is a vital partnership that will allow Chemesis to reduce its overhead costs, while increasing production, and maintaining quality.
“Our technology will help light the way for Chemesis to lead the industry with lower production costs compared to traditional cannabis cultivation,” said CEO of VividGro, David Friedman. “Adding capacity, lowering costs, and being more energy efficient is a win-win for everyone.”
Chemesis continues to concentrate its efforts in expanding its cultivation and manufacturing capabilities, this is as a result of the rise in demand for white labelling and its Natural Ventures line of products. With this addition, Natural Ventures will expand its capacity with large scale perpetual cycle adding a significant increase in production and adding consistent monthly outputs, and will allow Chemesis to realize a stronger return-on-investment for its shareholders.
“Natural Ventures will continue to grow as it sees demand for its seed-to-sale cannabis services, the Company is a leader on the island and continues to differentiate itself with high-quality products, and practices,” said CEO of Chemesis, Edgar Montero. “Our partnership with VividGro brings energy-efficient lighting, and automated environmental controls that increase yields and grow quality. These upgrades allow the Company to fulfill previously announced purchase orders, meet increased demand for our Natural Ventures line of products, and bring on additional large contracts as the island’s patient base continues to grow.”
On behalf of the board of directors
CEO and Director
About Chemesis International Inc.
Chemesis International Inc. is a vertically integrated global leader in the cannabis industry, currently operating within California, Puerto Rico, and finalizing an acquisition in Colombia.
Chemesis is developing a strong foothold in key markets, from cultivation, to manufacturing, distribution and retail. Chemesis has facilities in both Puerto Rico and California, allowing for cost effective production and distribution of its products. In addition, Chemesis leverages exclusive brands and partnerships and uses the highest quality extraction methods to provide consumers with quality cannabis products.
Chemesis will add shareholder value by exploring opportunities in emerging markets while consistently delivering quality product to its consumers from seed to sale.
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 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.
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