VANCOUVER, British Columbia, Oct. 09, 2018 (GLOBE NEWSWIRE) — Chemesis International Inc. (CSE: CSI) (OTC: CADMF) (the “Company” or “Chemesis”), is pleased to announce it will be entering into the cannabis edibles category. Chemesis intends to use its existing facilities and licenses to streamline its entry into the expanding edibles market, providing services for businesses that need manufacturing, packaging, and distribution while maintaining compliance.
Recent changes in California regulations require companies to ensure they are selling products with clean tested cannabis while ensuring all processes are fully compliant to state and municipal laws. Businesses are eager to find companies that are able to operate in California’s legal framework. The market for cannabis in California is estimated to hit $7.7 billion by 20211. Chemesis believes it has assets and services that are key for businesses to thrive in a compliant marketplace.
Chemesis will be using the recently acquired Desert Zen Fulfillment facility for this edibles expansion and anticipates products to be launched in Q1 2019. Chemesis intends to enter the edible market with gummies, chews, chocolates, brownies, cookies, and other edibles. These products will be manufactured for Chemesis’ own brands as well as white labelling for other businesses.
“Chemesis continues to enter into the most lucrative and important product categories,” said Edgar Montero, CEO of Chemesis. “Management is executing a strategic business plan that allows businesses to use Chemesis for all of their products and needs, making us a one stop shop. The recent regulation changes have put pressure on businesses to find compliant manufacturing and distribution; Chemesis continues to ensure it is a top choice for companies. Entering into the edibles category is another strategic move in our long-term business plan to ensure we build long term relationships that deliver a steady revenue stream.”
About Chemesis International Inc.
Chemesis International Inc. is a vertically integrated global leader in the cannabis industry, currently operating within Puerto Rico, and California.
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.
ON BEHALF OF THE BOARD OF DIRECTORS
CEO and Director
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.
The CSE has not reviewed, approved or disapproved the content of this press release