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CannabisNewsBreaks – Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) Issues Shareholder Update on Washington Operations and California Cultivation Facility

Company: Chemistree Technology Inc. (CHMJF)
Category: News

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.”

To view the full press release, visit http://cnw.fm/O4jE0

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.

NOTE TO INVESTORS: The latest news and updates relating to CHMJF are available in the company’s newsroom at http://cnw.fm/CHMJF

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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