Chemesis to acquire Arizona based manufacturing facility

|About: Chemesis International Inc. (CADMF)|By:, SA News Editor

Chemesis International (OTCQB:CADMF +1%) agrees to acquire cannabis manufacturing facility in Arizona.

During its operations in Q1 2019, the Facility earned revenues of ~$1M.

The facility with 5,000 sq.ft. space, currently produces finished goods products, such as hard and soft-capsules, cartridges, lotions, tinctures, and other liquid formulations, as well as focuses on producing Cannabidiol products.

As deal consideration, Chemesis will issue 0.25M shares at a deemed price of C$2.11.

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