Chemesis International Inc. Announces Letter of Intent for Canadian Distribution Agreement
Chemesis, Inc. (CSE: CSI) (OTC: CADMF) (FRA:CWAA)
Chemesis International Inc. Announces Letter of Intent for Canadian Distribution Agreement
Chemesis intends to distribute its hemp-derived, tobacco-free, smokeless Chew through an initial roll-out of 34
British Columbia Private Liquor Stores
August 14, 2019
Vancouver, BC – Chemesis International Inc. (CSE: CSI) (OTC: CADMF) (FRA: CWAA) (the “Company” or
“Chemesis”), announces that it has signed Letter s of Intent (“LOI s”) with 34 private liquor stores in
British Columbia (B.C.) for distribution of its hemp -based chew products , pursuant to which Chemesis
expects to begin distributing its products throughout the lower mainland and other densely populated
areas of B.C. by early Q4 2019.
Chemesis anticipates strong demand in the Canadian market, as its tobacco-free, smokeless product is a
healthier alternative to otherwise similar products that are currently available . A IBIS World’s Cigarette
& Tobacco Manufacturing research report published in November, 2018 estimates the market for such
products at CAD $2 billion, with an annual growth rate of 8% from 2013-2018.
Opportunities outside of liquor stores will also be pursued as the company gears towards its Q4 2019
commercialization.
"These LOIs will provide great consumer access to our hemp-derived chew", stated Chemesis CEO, Edgar
Montero. "As the brand and products continue to develop, the Company will look to replicate these type
of distribution arrangements. We are excited to be able to offer the market a smoke-less, tobacco-free
product which is a healthier alternative to otherwise similar products currently available."
Due to competitive nature of the market, the Company will not disclose who the LOIs have been signed
with at this time.
On Behalf of The Board of Directors
Edgar Montero
CEO 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 fir st 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 ft 2 of
cultivation, and 35,0 00 ft 2 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.
Chemesis, Inc. (CSE: CSI) (OTC: CADMF) (FRA:CWAA)
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GreenSpiritRX
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 with respect to its expected
ability to produce and launch commercial sales of a tobacco -free, smokeless chew by Q4 2019 (or at all), its ability
to finalize distribution arrangements in B.C. (or in any other jurisdiction), its ability to enter into any distribution
arrangements apart from the LOIs, the potential size of the market for such products, the potential health benefits
of such products, and its ability to acquire any new cannabis production or distribution licenses, and to expand its
retail dispensary network. 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 releas e, including that it may not be successful in
producing or launching commercial sales of a tobacco -free, smokeless chew by Q4 2019 (or at all), that it may not
be able to finalize distribution arrangements in B.C. (or in any other jurisdiction), that it ma y not be able to enter
into any distribution arrangements apart from the LOIs, that significant market demand for such products may not
materialize, that such products may not carry the expected (or any) potential health benefits over tobacco -
containing ch ews already on the market, that it may be unable to acquire any new cannabis production or
distribution licenses or to expand its retail dispensary network, and generally that 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 forwa rd-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