Vancouver, British Columbia–(Newsfile Corp. – April 30, 2019) – StillCanna Inc. (CSE: STIL) (“STIL” or the “Organization”) is pleased to announce it has begun its agricultural initiatives in Poland to farm more than 1,500 hectares of its propriety higher CBD content material hemp varietal.
StillCanna has ordered and anticipates delivery in July of particular harvesters and conveyors with proprietary dryers to make the harvest effortless and effective. The higher-tech gear is capable of speeds up to 15km per hour with a particular 4 and a half meter wide cutting device. It is estimated that the Company’s 2019 harvest will create more than 16 million grams of pure CBD. As our proprietary strain of hemp has a gestation period of 45 days, the Organization is thinking of planting two crops on a quantity of its properties to boost its CBD production capabilities for 2020.
The Organization anticipates breaking ground in May possibly for its new CBD refinement facility in Poland, which is anticipated to expense about $six million to comprehensive its improvement. The facility is made to have the capacity to initially create up to 40 million grams of CBD annually with the capacity to additional make out the facility to boost production as essential.
“Spring is an fascinating time for international agriculture and StillCanna,” explained Jason Dussault, Chief Executive Officer of StillCanna. “The expansion of our EU footprint into Poland is but a further milestone in the implementation of our business enterprise initiatives. With more than 20 years practical experience in hemp cultivation, we appear forward to meeting the ever escalating demand for excellent CBD from our fields and facilities.”
The Organization also announces that it has engaged Native Advertisements Inc. to supply and handle a extensive digital media promoting campaign for the Organization.
The Organization has entered into an eight week programmatic digital marketing campaign for an approximate expense of one particular hundred thousand dollars for digital marketing, paid distribution, media getting and content material creation. Neither Native Advertisements nor any of its directors and officers personal any securities of the Organization.
About StillCanna Inc.
StillCanna Inc. (CSE: STIL) www.stillcanna.com is a Canadian early-stage life sciences firm focused on massive scale CBD production in Europe. The firm believes that its proprietary intellectual house makes it possible for it to extract CBD much more effectively and at a reduced expense. The firm 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. Upon the completion of the Olimax transaction, StillCanna will be one particular of the biggest processor and providers of market place prepared CBD in Europe.
On Behalf of the Board,
Chief Monetary Officer and Director
E-mail: [email protected]
The CSE has not in any way passed upon the merits of and has neither authorized nor disapproved the contents of this news release.
Cautionary Note With regards to Forward Hunting Statements: This release involves specific statements and details that constitute forward-hunting details inside the which means of applicable Canadian securities laws, such as statements concerning the anticipated delivery in July of the harvesters and conveyors, the Company’s anticipated 2019 CBD yield of 16 million grams, the anticipated timeline of May possibly for starting building of a CBD extraction facility in Poland, and the anticipated level of production at the planned CBD extraction facility in Poland and its anticipated expense. Commonly, forward-hunting statements and details 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 specific actions, events or final results “may well”, “could”, “need to” or “would” take place. Forward-hunting statements are primarily based on specific material assumptions and evaluation produced by the Organization and the opinions and estimates of management as of the date of this press release, such as that the harvesters and conveyors will be delivered in July, the Company’s will have a 2019 CBD yield of 16 million grams, the building of a CBD extraction facility in Poland will start in May possibly, and the level of production at the planned CBD extraction facility in Poland and its anticipated expense will be as anticipated by the Company’s management. Even though the Organization considers these assumptions to be affordable primarily based on details presently accessible to it, they may well prove to be incorrect, and the forward-hunting statements in this release are topic to several dangers, uncertainties and other elements that may well bring about future final results to differ materially from these expressed or implied in such forward-hunting statements. Such threat elements may well incorporate, amongst other folks, that the harvesters and conveyors will not be delivered in July, the Company’s will not have a 2019 CBD yield of 16 million grams, the building of a CBD extraction facility in Poland will not start in May possibly or at all, and the level of production at the planned CBD extraction facility in Poland and its anticipated expense will not be as anticipated by the Company’s management. Readers are cautioned not to location undue reliance on forward-hunting statements. Even though management of the Organization has attempted to determine essential elements that could bring about actual final results to differ materially from these contained in forward-hunting statements or forward-hunting details, there may well be other elements that bring about final results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be correct, as actual final results and future events could differ materially from these anticipated in such statements. Accordingly, readers need to not location undue reliance on forward-hunting statements and forward-hunting details. Readers are cautioned that reliance on such details may well not be proper for other purposes. The Organization does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-hunting statements no matter whether as a outcome of new details, future events or otherwise, except as needed by law.