VANCOUVER, BC / ACCESSWIRE / August 23, 2019 / Stillcanna Inc. (OTC PINK:SCNNF)(CSE:STIL)(FSE:A2PEWA) (“STIL” or the “Business”) is excited to announce a completed and signed definitive agreement to provide Sequoya Cannabis with hemp biomass from its Polish farms. Below the terms of the agreement Stillcanna will deliver dried flowers from the tops of the hemp plant, with humidity not to exceed 10%, and a Cannabinoid content material of five% or above. The biomass will be 3rd celebration tested and free of charge of pesticides, heavy metals, toxins and microbials. Sequoya will be accountable for shipping the biomass from Stillcanna’s facility to their personal.
This agreement, which is worth about C$850,000 represents about three.five% of Stillcanna’s forecasted biomass from its 2019 harvest, primarily based on the Company’s previously released estimated harvest numbers of 350 kilos of flower per hectare.
“Stillcanna has often been focused on becoming a substantial scale manufacturer and supplier to the international CBD sector,” stated Jason Dussault CEO of Stillcanna. “Whether the chance is isolate, distillate or biomass, we want to be the industry’s bulk supplier. This initial biomass agreement is inline with the Company’s sales method. The much more we speak with the principals of Sequoya the much more we find out about the synergy of our Providers and the several methods we can operate collectively beyond this initial agreement. From cooperative advertising and marketing, investigation, and solution improvement we really feel there are many positive aspects for our firms to operate collectively in the European marketplace.”
About Sequoya Cannabis
Focused on only the highest requirements, Sequoya Cannabis has positioned itself as a principal provide companion for important meals & beverage and pharmaceutical sector solution makers. Sequoya excels in higher excellent, GMP certified CBD extracts production and higher-finish healthcare cannabis distribution. Sequoya has partnered with important producers of cannabis in strategic areas globally to leverage the benefit of steady provide of a wide assortment of cannabis merchandise and low expense production enabling marketplace competitiveness. From applying naturally grown hemp and cannabis to very advance clean extraction gear to top rated tier PhD scientists. www.sequoya.ca
About Stillcanna Inc.
Stillcanna Inc. (CSE: STIL) www.stillcanna.com is a Canadian early-stage life sciences business focused on substantial scale CBD extraction in Europe. The Business believes its proprietary intellectual house permits it to extract CBD at a reduced expense. The Business has signed an initial extraction contract in Europe to be the exclusive extractor for Dragonfly BioSciences LLC, a United Kingdom-primarily based supplier of CBD. The Business also not too long ago completed the acquisition of Olimax NT SP. Z .O.O, which is anticipated to raise the Company’s marketplace share in the European CBD sector.
On Behalf of the Board
Jason Dussault, CEO
Make contact with:
Cautionary Note With regards to Forward Searching Statements: This release involves particular statements and data that constitute forward-hunting data inside the which means of applicable Canadian securities laws, like that the Business expects the biomass sale to be about three% of its biomass from its Polish fields. Usually, forward-hunting statements and data can be identified by the use of forward-hunting terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that particular actions, events or benefits “may perhaps”, “could”, “need to” or “would” happen. Forward-hunting statements are primarily based on particular material assumptions and evaluation produced by the Business and the opinions and estimates of management as of the date of this press release, like that the Business expects the biomass sale to be about three% of its biomass from its Polish fields. Even though the Business considers these assumptions to be affordable primarily based on data at present out there to it, they may perhaps prove to be incorrect, and the forward-hunting statements in this release are topic to various dangers, uncertainties and other elements that may perhaps trigger future benefits to differ materially from these expressed or implied in such forward-hunting statements. Such danger elements may perhaps include things like, amongst other people, that Business will not be in a position to provide biomass that meets the purchaser criteria like humidity and cannabinoid content material. Readers are cautioned not to spot undue reliance on forward-hunting statements. Even though management of the Business has attempted to recognize essential elements that could trigger actual benefits to differ materially from these contained in forward-hunting statements or forward-hunting data, there may perhaps be other elements that trigger benefits not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be correct, as actual benefits and future events could differ materially from these anticipated in such statements. Accordingly, readers need to not spot undue reliance on forward-hunting statements and forward-hunting data. Readers are cautioned that reliance on such data may perhaps not be acceptable for other purposes. The Business does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-hunting statements regardless of whether as a outcome of new data, future events or otherwise, except as expected by law.
The CSE has not in any way passed upon the merits of and has neither authorized nor disapproved the contents of this news release.