Chemistree Technology (CSE: CHM) (OTCQB: CHMJF) this morning provided an update to shareholders on its Washington state assets and Desert Hot Springs, California cultivation facility development. Per the update, Chemistree’s Washington state licensee partner has confirmed further advancements in crucial areas of its cultivation facility, including the appointment of key staff; upgrading of 288 on hand grow lights in flower and sale of retrofitted lights, with new lights expected to improve crop yields by 20 percent or more; retail points of sale expansion of 25 percent, offering Sugarleaf products; increase of product SKUs by 20 percent, with new products including popular Diamonds, Live Resin, RSO, and Crumble. In addition, Chemistree is also actively advancing its 9.55 acre Desert Hot Springs land package with expected target completion in the first quarter of 2020. “I am really pleased with the team at Sugarleaf Washington. With the full support of Chemistree as landlord and turnkey equipment provider, this group of people continue to do a tremendous job in restoring Sugarleaf to its previous place in the Washington market for flower and pre-rolled products as well as introducing new exciting products to the market,” Chemistree’s newly appointed Chief Cannabis Officer Sheldon Aberman stated in the news release. “We are confident that this trajectory of success will continue and that Sugarleaf’s loyal retail customers will continue to enjoy the high-quality products and welcome the new offerings as they are rolled out.”
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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 the company’s website at www.Chemistree.ca.
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