Chemesis International Inc. Announces Exclusive Partnership with First Medical Cannabis Bringing Immediate Access of 1,000 acres of Hemp Cultivation in Puerto Rico
Chemesis, Inc. (CSE: CSI) (OTC: CADMF) (FRA:CWAA)
Chemesis International Inc. Announces Exclusive Partnership with First Medical Cannabis
Bringing Immediate Access of 1,000 acres of Hemp Cultivation in Puerto Rico
Chemesis partners with First Medical Cannabis, providing access of 1,000 acres of Hemp Cultivation
March 19, 2019
Vancouver, BC – Chemesis International Inc. (CSE: CSI) (OTC: CADMF) (FRA: CWAA) (the “Company” or
“Chemesis”), announces a partnership with First Medical Cannabis LLC, to commence exclusive
cultivation of hemp with high yields of CBD. With the anticipation of hemp legalization in Puerto Rico,
the Company continues to inc rease its foothold on the island and now has the ability to cultivate high
yield CBD derived from hemp on a large scale for distribution on the island and the mainland USA.
Initially, Chemesis will have access to 1,000 acres for hemp cultivation, and will have the option to
expand up to an additional 5,000 acres of prime agricultural estate. In total, the partnership and joint
venture with the First Medical Cannabis provides the Company with access of up to 6,000 acres of
agricultural land in Puerto Rico.
Chemesis will leverage its fully compliant facility to manufacture, process, and distribute hemp-derived
CBD products. The facility has the ability to off-take all hemp produced by First Medical , and process
into finished goods for sale in domestic and international markets , including the continental United
States.
The sole member of First Medical holds one of the largest privately -owned land estates in the Valley de
Lajas, Puerto Rico, an area that is well known for being one of the most a griculturally prolific regions in
the Caribbean. Puerto Rico has a competitive advantage as the climate, soil, and geographical region
allow for a much longer growing season. “Since the last of Puerto Rico’s sugar mills closed in 2000, the
island has been in need of an agricultural revolution and the hemp industry promises much needed
jobs,” said Chemesis CEO, Edgar Montero. “Puerto Rico’s tropical climate makes the island an ideal
competitor in the hemp industry, furthermore it will allow the Company to ha rvest up to 3 crops per
year compared to 1 in many areas around the world.”
“As previously announced, the Company has begun cultivating high potency CBD strains and will
leverage its licenses and registered seed strains to develop high quality crops. With the passing of the
2018 Farm Bill, Chemesis has acquired the necessary assets and built strategic relationships which will
allow the Company to cultivate, manufacture, and ship finished goods across the United States,” added
Montero.
Under the terms of t his partnership, the company will issue 1,000,000 shares subject to 36 month leak -
out and grant the option to purchase up to 1,000,000 shares of Chemesis stock for a period of 24
Chemesis, Inc. (CSE: CSI) (OTC: CADMF) (FRA:CWAA)
months, at an option price of $2.12.
On Behalf of The Board of Directors
Edgar Montero
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 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.
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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, including finalizing an acquisition in
Colombia. 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 the se 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 Comp any 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 re asonable, there can be
Chemesis, Inc. (CSE: CSI) (OTC: CADMF) (FRA:CWAA)
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