Chemesis International Inc. Reports Fiscal Q2 2019 Financial Statements
Chemesis, Inc. (CSE: CSI) (OTC: CADMF) (FRA:CWAA)
Chemesis International Inc. Reports Fiscal Q2 2019 Financial Statements
March 1, 2019
Vancouver, BC – Chemesis International Inc. (CSE: CSI) (OTC: CADMF) (FRA: CWAA) (the “Company” or
“Chemesis”), announces unaudited fiscal Q2 revenues for the period ending December 31, 2018 of
$2,820,105 CDN, a 47% increase from the previous quarter.
In its second quarter of operations, the Company generated revenues th rough its state compliant
manufacturing, packaging, and distribution facility Desert Zen . With current distribution throughout
Southern California, the Company continues to expand its reach within the legal dispensary network.
The successful launch of the Jay & Silent Bob brand has generated significant demand which has
continued into fiscal Q3.
Chemesis closed the acquisition of Natural Ventures in fiscal Q2 and has been building out its operations
on the island to serve increasing customer demand. The Company subsequently announced it will be
cultivating and manufacturing CBD products for the Puerto Rican medical cannabis market in the fiscal
year.
Edgar Montero, CEO of Chemesis stated, “The Company is moving forward in every aspect of its
business plan and we are looking forward to the expansion of our assets. Chemesis recently announced
a $4 million annual purchase order, which we believe to be the start of high demand, as consumers and
businesses continue to recognize our high-quality cultivation, and manufacturing processes.”
Subsequent to the quarter end, Chemesis closed the acquisition of La Finca Interacviva -Arachna Med on
January 9 th, 2019. The Company anticipates its first harvest and commencing construction of its GMP
certified extraction facility, in the spring of 2019. Furthermore, the acquisition of La Finca brought the
company in excess of CDN $2,000,000 in working capital.
Additionally, the Company’s industrial scale extraction facility in California, has obtained all necessary
licensing and has proceeded with commercialization. The Company looks forward to scaling up in the
coming months to meet increasing demand in the legal California cannabis market.
With the current financing completed of CDN $2,760,000 and up to $10,000,000 in equity facility as of
today's announcement, Chemesis is in a strong cash position to meet its near -term cash commitments
to ensure expansion build out and revenue growth. The additional equity facility gives Chemesis access
to a total of CDN $34,250,000 in draw down equity facilities between Alumina Partners Inc. and Global
Emerging Markets.
The unaudited condensed consolidated interim financial Statements and MD&A for the three months
ended December 31, 2018 will be filed on SEDAR and available at www.sedar.com.
On Behalf of The Board of Directors
Edgar Montero
Chemesis, Inc. (CSE: CSI) (OTC: CADMF) (FRA:CWAA)
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, Chem esis 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.
Investor Relations:
1 (604) 398-3378
Social Media:
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Forward-Looking Information: This news release contains "fo rward-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 finalizin g 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 und ue 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, am ong 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 ob ligation 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