CHM.C - Chemistree Technology


#21

Chemistree appoints Nico Escondido to Board of Directors

Chemistree appoints Nico Escondido to Board of Directors

  • HIGH TIMES OWNER & CHIEF CANNABIS OFFICER
  • FOUNDER OF THE CANNABIS GENETICS INSTITUTE
  • LEADING INDUSTRY RESEARCHER & EDUCATOR

VANCOUVER, April 9, 2019 /CNW/ - Chemistree Technology Inc. (CSE: CHM) (US OTCQB: CHMJF) (the “Company” or “Chemistree”), is pleased to announce the appointment of Mr. Nicholas J. Zitelli to its Board of Directors.

Chemistree Technology Inc. (CNW Group/Chemistree Technology Inc.)

Mr. Zitelli is currently part-owner, Director, and Chief Cannabis Officer of Trans High Corporation (THC), the parent company for all HIGH TIMES brands, including its 45-year old flagship magazine, as well as all related media and event platforms, including the iconic Cannabis Cup. Since 2007, Mr. Zitelli has authored hundreds of articles covering all aspects of cannabis science and technology under the penname of " Nico Escondido" . In this capacity, Mr. Zitelli has garnered a reputation as an industry expert in the areas of cultivation, genetics, garden technologies, lab testing, and regulatory and compliance measures. This has led to numerous appointments as a state-hired agent for committee, legislation, and policy consultation in numerous jurisdictions across North America and the European Union.

Mr. Zitelli is also the founder and CEO of the Cannabis Genetics Institute (CGI). Founded in Amsterdam, Holland in 2014, CGI is a well-established research and development institute with a mission that focuses on the breeding of customized medicinal strains of cannabis that are ailment-specific as well as patient and physician education in these areas. Through its partnerships with Steep Hill Labs in Berkeley, CA (the first legal cannabis testing lab in the US), as well as the Nolan Kane Laboratory’s Cannabis Genomics Initiative at the University of Colorado, Boulder, CGI has been able to use marker-assisted breeding techniques, DNA sequencing, and the procurement of pure landrace genetics to explore and recreate much of the cannabis gene pool that has gone stagnant due to the modern era of feminized genetics. CGI currently conducts most of its R&D in Colorado and Northern California where Mr. Zitelli is a partner at Conscious Vitality Corp., whose medically and recreationally licensed facilities in the Bay area are home to a majority of CGI’s research gardens.

Most recently, Mr. Zitelli was named CEO of the newly formed entity Applied Cannabis Sciences, LLC, whose primary charge is the acquisition and operation of vertically integrated medical marijuana licenses along the Eastern seaboard of the U.S. with ongoing projects in New Jersey, New York, and Massachusetts.

During his tenure at HIGH TIMES, Mr. Zitelli also served as Competition Director for High Times’ ground-breaking Cannabis Cup event, successfully bringing it into the 21st century by digitizing the platform and creating a proprietary scoring algorithm for cannabis products that included both patient-driven qualitative criteria as well as lab-derived quantitative data. As such Mr. Zitelli owns and controls the world’s largest known cannabis database, containing over 30,000 cannabis strains and products that includes crucial information on product efficacy, cannabinoid levels, terpene profiles, and complete information about how each product was grown and / or manufactured.

Through his partnerships, as well as his research and development initiatives, Mr. Zitelli has consulted for cannabis companies around the world, including in Holland, Spain, Canada, Jamaica, and the US, with specialized work in genetic development/ breeding programs, lab testing, and cultivation technologies. He has lectured at institutions around the world on the technical and scientific issues surrounding cannabis as an expert in genetics, plant sciences and photobiology, including John Hopkins University, the University of Colorado, and the Hebrew University of Jerusalem. Late last year, Mr. Zitelli was appointed to the Board of Directors of the New Jersey CannaBusiness Association (NJCBA), where he is tasked with aiding in the development of industry labor forces and educational programs with locally based universities.

Karl Kottmeier, Chemistree’s President, stated, “I am very excited to welcome Mr. Zitelli to Chemistree. These are exciting times for the Company and Mr. Zitelli will be a truly outstanding addition to our Board of Directors. Nico has a rare combination of serious passion for the plant combined with deep expertise. His worldwide network throughout the professional cannabis community, in addition to his excellent reputation, will unquestionably be invaluable assets to our Company’s continued growth.”

“I have worked extensively with many members of the Company’s management team, Board, and consultants in my career and I believe this team has built one of the most attractive and compelling platforms in the cannabis industry today,” said Mr. Zitelli. “Chemistree has carefully and strategically built an ideal team and structure to thrive in this market, and I appreciate the opportunity to support Chemistree through the Company’s planned expansion, particularly in the US market, and help it to define the future of the cannabis industry. Furthermore, I would like to add that it is refreshing to see a group endeavor to build a public company in the correct manner, taking the time to do things correctly and not cutting corners simply to get to money. I am proud to join this team to help set a proper example for the industry, in regards to serving patients and investors alike, in a manner we can take pride in.”

About Chemistree Technology Inc.
Chemistree Technology Inc. is an investment company dedicated to the U.S. cannabis sector, endeavoring to provide turn-key solutions for the regulated cannabis industry. The Company’s corporate strategy is to acquire and develop vertically integrated cannabis assets, leveraging management’s decades of expertise in the cannabis industry and corporate finance to own and operate licensed cultivation, processing, distribution and retail facilities. The Company currently owns assets in Washington State used to operate the Sugarleaf brand, prospective cannabis cultivation lands in California, a 50% interest in a Humboldt County, California cannabis processing company, has completed its first investment in the Canadian cannabis sector through its investment in Pasha Brands and has a pipeline of assets to grow its base of business. For more information, visit www.Chemistree.ca.

Advisory
The Company wishes to inform shareholders that there are significant legal restrictions and regulations that govern the cannabis industry in both Canada and the United States.

Cannabis-related Practices or Activities are Illegal Under U.S. Federal Laws
The concepts of “medical cannabis” and “recreational cannabis” do not exist under U.S. federal law. The Federal Controlled Substances Act classifies “marihuana” as a Schedule I drug. Under U.S. federal law, a Schedule I drug or substance has a high potential for abuse, no accepted medical use in the United States, and a lack of safety for the use of the drug under medical supervision. As such, cannabis related practices or activities, including without limitation, the manufacture, importation, possession, use or distribution of cannabis are illegal under U.S. federal law. Strict compliance with state laws with respect to cannabis will neither absolve the Company of liability under U.S. federal law, nor will it provide a defence to any federal proceeding which may be brought against the Company. Enforcement of U.S. federal laws will be a significant risk to the business of the Company and any such proceedings brought against the Company may adversely affect the Company’s operations and financial performance.

Further information regarding the legal status of cannabis related activities and associated risk factors, including, but not limited to, risk of enforcement actions, risks that third-party service providers, such as banking or financial institutions cease providing services to the Company, and the risk that Company may not be able to distribute profits, if any, from U.S. operations up to the Company, are included in the preliminary short form prospectus of the Company filed in respect of the Offering, the Company’s annual information form and other documents incorporated by reference therein and in the Company’s Form 2A listing statement filed with the CSE and available under the Company’s profile on SEDAR at www.sedar.com.

“Karl Kottmeier”
President

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.


#22

Chemistree Announces Partnership with New Jersey Medical Retail Cannabis License Applicant

VANCOUVER, April 15, 2019 /CNW/ - Chemistree Technology Inc. (CSE: CHM) (US OTCQB: CHMJF) (the “Company” or “Chemistree”), is pleased to announce that its wholly owned U.S. subsidiary, American CHM Investments Inc., has signed a letter of intent (LOI) to partner with Applied Cannabis Sciences of New Jersey (“ACS”), a New Jersey-based medical retail dispensary applicant in the upcoming New Jersey round of Request for Applications (RFA), which is anticipated in 2020.

Chemistree Technology Inc. (CNW Group/Chemistree Technology Inc.)

Applied Cannabis Sciences has been established by a team of seasoned professionals from the legal medicinal and adult use marijuana industry whose collective experience exceeds 50 years and includes over 20 cultivation, processing, and manufacturing licenses across four states (Washington, Oregon, California, and Colorado) within the U.S. The ACS team is predominantly made up of professionals that reside and currently operate from New Jersey and maintain multiple strategic relationships. Recently appointed Chemistree board member, Nico Escondido, is a founding member of the ACS team.

The application, if successful, will provide ACS with a fully integrated cultivation, manufacturing/processing and retail sales license in the state of New Jersey of which there are currently only 12 issued.

“We are excited about partnering with ACS, a highly experienced group recognized in the medical and recreational cannabis space that bring a track record of innovation and success. The potential to expand Chemistree’s presence outside of California and Washington state and ultimately introduce our signature brand Sugarleaf to the large New Jersey consumer base by partnering with ACS is consistent with our growth strategy,” stated Karl Kottmeier, President of Chemistree. “New Jersey is home to over nine million people currently being served by only 12 cannabis operators in its medical program. New Jersey is a logical place for Chemistree to expand into and bring the Sugarleaf brand to the New Jersey market. I would like to specifically thank Nico Escondido, our newest board member for the introduction to this exciting opportunity and I am impressed with the significant impact he is already clearly having on our Company.”

The terms of the partnership arrangement and LOI are not financially material.

About Chemistree Technology Inc.
Chemistree Technology Inc. is an investment company dedicated to the U.S. cannabis sector, endeavoring to provide turn-key solutions for the regulated cannabis industry. The Company’s corporate strategy is to acquire and develop vertically integrated cannabis assets, leveraging management’s decades of expertise in the cannabis industry and corporate finance to own and operate licensed cultivation, processing, distribution and retail facilities. The Company currently owns assets in Washington State used to operate the Sugarleaf brand, prospective cannabis cultivation lands in California, a 50% interest in a Humboldt County, California cannabis processing company, has completed its first investment in the Canadian cannabis sector through its investment in Pasha Brands and has a pipeline of assets to grow its base of business. For more information, visit www.Chemistree.ca.

Advisory
The Company wishes to inform shareholders that there are significant legal restrictions and regulations that govern the cannabis industry in both Canada and the United States.

Cannabis-related Practices or Activities are Illegal Under U.S. Federal Laws
The concepts of “medical cannabis” and “recreational cannabis” do not exist under U.S. federal law. The Federal Controlled Substances Act classifies “marihuana” as a Schedule I drug. Under U.S. federal law, a Schedule I drug or substance has a high potential for abuse, no accepted medical use in the United States, and a lack of safety for the use of the drug under medical supervision. As such, cannabis related practices or activities, including without limitation, the manufacture, importation, possession, use or distribution of cannabis are illegal under U.S. federal law. Strict compliance with state laws with respect to cannabis will neither absolve the Company of liability under U.S. federal law, nor will it provide a defence to any federal proceeding which may be brought against the Company. Enforcement of U.S. federal laws will be a significant risk to the business of the Company and any such proceedings brought against the Company may adversely affect the Company’s operations and financial performance.

Further information regarding the legal status of cannabis related activities and associated risk factors, including, but not limited to, risk of enforcement actions, risks that third-party service providers, such as banking or financial institutions cease providing services to the Company, and the risk that Company may not be able to distribute profits, if any, from U.S. operations up to the Company, are included in the preliminary short form prospectus of the Company filed in respect of the Offering, the Company’s annual information form and other documents incorporated by reference therein and in the Company’s Form 2A listing statement filed with the CSE and available under the Company’s profile on SEDAR at www.sedar.com.

“Karl Kottmeier”
President

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.


#23

Chief Cannabis Office Sheldon Aberman on Chemistree’s (CSE: CHM) Busy Few Months: Expansion into WA & NJ Markets, Conditional Use Permit at the 9.55 Acre Desert Hot Springs Cultivation Facility in CA, & Addition of High Times Co-Owner to Board of Directo Share Tweet Share Email


#24

Chemistree Acquires Ownership Stake in The Physician’s Choice CBD LLC

- Doctor created, CBD from Hemp Pain Management Company

VANCOUVER, April 29, 2019 /CNW/ - Chemistree Technology Inc. (CSE: CHM and CHM.wt) (US OTCQB: CHMJF) (the “Company” or “Chemistree”), is pleased to announce that the Company has entered into a funding agreement with The Physician’s Choice CBD LLC of Phoenix, Arizona.

Chemistree Technology Inc. (CNW Group/Chemistree Technology Inc.)

The Physician’s Choice CBD (“PCCBD”) is dedicated to research, development, and utilization of the highest quality of hemp-derived cannabidiol (CBD) combined with well-studied and effective supplements specific to help regulate and support various symptoms. The integration of extensive physician clinical experience combined with exhaustive expertise in the cannabis industry has led to the creation of The Physician’s Choice CBD.

Established in 2018, PCCBD has already developed a suite of nine full spectrum CBD from Hemp products ranging from pain/inflammation management to sleep and wellness supplements. In it’s first quarter of sales ended January 2019, the company booked approximately $150,000 in sales. The products are available for purchase at www.pccbd.com and distributed through healthcare providers across the U.S. The Physicians Choice CBD offers complete wholesale programs as well as a referral program compensating healthcare providers on purchases from codes provided to their patients.

With over 15 years in private practice, Dr. Julian Grove, M.D. and Dr. Peter Kubitz, D.O., have experienced first-hand the difficulties and complex dilemmas in treating patients suffering from chronic pain. From a medical management perspective, the treatment of pain is at a crossroads as for the last two decades, the intersection of various forms of pain medications and the prominent and real consequences of their use has created a globally recognized problem. The side effects, end-organ damage, and the potential for addiction and abuse are global concerns. As providers treating patients with complex pain daily, the doctors offer patients a myriad of different treatments including physical therapy, interventional therapies (nerve blocks, spinal cord stimulation), and complementary treatments (chiropractic, naturopathic medicine, massage, acupuncture, psychological support). Unfortunately, many times, this is not enough.

Dr. Grove stated, “Managing various pain syndromes with medications that do not exacerbate severe medical conditions and behavioral risk factors is an ongoing challenge for medical professionals. This has been a driving force in the development of a product line of cannabidiol products, aiding in the management of specific pain syndromes and improve a sense of well-being.”

Chemistree president Karl Kottmeier commented “This investment in The Physician’s Choice CBD is a great opportunity for Chemistree. Dr. Grove and Dr. Kubitz are board certified practicing physicians with training at Harvard and the Mayo Clinic, specializing in pain management. Their collective education and practical experience is industry-leading and their commitment to the health of their patients and to developing real solutions to pain management with cannabidiol-based supplements is truly inspiring. The investment we are making into PCCBD gives us exposure to an entirely new industry and we are excited to assist whereever we can to see PCCBD continue to grow its sales and product offerings into a multi-state success. I encourage everyone to visit www.pccbd.com to learn more about this great new company and their comprehensive and growing line of CBD supplements.”

PCCBD Principals

Dr. J. Julian Grove, M.D.
Dr. J. Julian Grove is a double-board certified, fellowship trained anesthesiologist and pain management specialist. Dr. Grove completed his medical degree (MD) at the University of Colorado. Dr. Grove went on to complete his residency in anesthesiology at Stanford University Medical Center in Palo Alto, Californiaand then a fellowship in pain management at Harvard Medical School (Brigham and Women’s Hospital) in Boston, Massachusetts. Over the course of his career, he has peer reviewed, published articles on neurotoxicity, neuronal glial cell activation, and neuroplasticity. Dr. Grove has lectured regionally and nationally on various pain management topics, including opioid abuse, addiction and diversion, novel drug delivery systems in non-steroidal anti-inflammatory therapy (NSAIDS) and skeletal muscle relaxants, tamper resistant opioid formulations and cancer related pain. Dr. Grove is also the president of the Arizona Pain Society.

Dr. Peter Kubitz, D.O.
Dr. Peter Kubitz is double board certified by both the American Board of Pain Medicine and the American Board of Physical Medicine and Rehabilitation. He completed medical school at Western University of Health Sciences and went on to complete his residency at Mayo Clinic in Rochester, Minnesota, and now practices as a physiatrist, specializing in pain management. A physiatrist is a medical doctor (MD) or doctor of osteopathic medicine (DO) who specializes in diagnosing and treating both acute pain and chronic pain, and offering a broad array of nonsurgical treatments for the musculoskeletal system. Dr. Kubitz is also the Medical Director and Chair of the Governing Board of HonorHealth Pain Management Center

Mr. Jeff Schaeffer, CEO
Mr. Jeff Schaeffer is the founder of PARC (Patient Alternative Relief Center), one of the first state licensed medical marijuana dispensary’s in AZ. Mr. Schaeffer started researching the proposed medical marijuana program in Arizona in November 2011, after 25 years of corporate management experience. To further his research, Mr. Schaeffer traveled to California, Montana and Colorado, observing and training with experienced marijuana growers. In February 2015, Mr. Schaeffer began cultivation at a manufacturing level. During his time Mr. Schaeffer has worked on designing and constructing a 37.000 square foot cultivation facility for PARC, capable of producing advanced medical marijuana and extractions. In the second quarter of 2017, Mr. Schaeffer began working with Dr. Grove and Dr. Kubitz to creating a company developing a CBD product line. Working with the doctors and chemist in the state of Washington, Mr. Schaeffer helped developed an alternative to patients everywhere.

Mr. Aubrey Bradley
Mr. Aubrey Bradley is the original founder of Growlite Inc, a market leader in the horticultural lighting industry. Aubrey has been instrumental in bringing certified, patented, and energy efficient lighting technology to the cannabis industry for the last 10 years. He brings extensive experience and far-reaching professional relationships within the cannabis industry, ranging from cultivation to product delivery to consumers. Mr Bradley’s focus is dedicated to branding and product development.

PCCBD’s products and statements have not been evaluated by the Food and Drug Administration, and are not intended to diagnose, treat, cure or prevent any disease or illness. All The Physician’s Choice CBD products are gluten-free, vegan, non-GMO, with no BPA in containers or products.

About Chemistree Technology Inc.
Chemistree Technology Inc. is an investment company dedicated to the U.S. cannabis sector, endeavoring to provide turn-key solutions for the regulated cannabis industry. The Company’s corporate strategy is to acquire and develop vertically integrated cannabis assets, leveraging management’s decades of expertise in the cannabis industry and corporate finance to own and operate licensed cultivation, processing, distribution and retail facilities.

For more information, visit www.Chemistree.ca.


#25

INITIAL RESEARCH REPORT SHOWS SIGNIFICANT UPSIDE POTENTIAL FOR CHEMISTREE TECHNOLOGY IN CANNABIS SECTOR

Chemistree Technology Inc. (CA:CHM – $0.65 & US:CHMJF – $0.48 & GER:CM1 – €0.44) is an investment company dedicated to the U.S. cannabis sector, endeavoring to provide turn-key solutions for the regulated cannabis industry.

The Company believes the cannabis industry offers a tremendous opportunity for growth. The reason for this is simply that marketing of cannabis companies, their products as well as information about the industry itself is in its infancy.

The Company’s objectives are to seek investment opportunities in the cannabis sector, initially in the western United States and potentially other jurisdictions where cannabis-related activities are permitted.

Through the Company’s continually expanding portfolio of brands and hard assets, Chemistree provides a public vehicle to investors who are looking to invest in a company that is vertically integrated and approaches the cannabis and CBD industry from a United States market perspective.

Chemistree’s agreements with well-known industry players provide the Company with a secure, and predictable source of incremental cannabis supply, increased diversification of its products, and revenues streams.

Chemistree’s management team is second to none. The Company has been able to bring together a well-known team with decades of expertise in the U.S. cannabis industry and corporate finance. These people truly have the experience and knowledge to find attractive deals, acquire them, and move them forward.

Although the Company has only been in operation for a few quarters, it already has acquired or participated in several assets, which you can discover in this initial Research Report.

CR_CHM_2019_Q2.pdf (622,5 Ko)