Chemesis International is making some headway recently including the announcement today in which they are entering into the cannabis edibles market.
Taken from the news release:
Chemesis International Inc. (CSE: CSI) (OTC: CADMF) is pleased to announce it will be entering into the cannabis edibles category. Chemesis intends to use its existing facilities and licenses to streamline its entry into the expanding edibles market, providing services for businesses that need manufacturing, packaging, and distribution while maintaining compliance.
“Chemesis continues to enter into the most lucrative and important product categories,” said Edgar Montero, CEO of Chemesis. “Management is executing a strategic business plan that allows businesses to use Chemesis for all of their products and needs, making us a one stop shop. The recent regulation changes have put pressure on businesses to find compliant manufacturing and distribution; Chemesis continues to ensure it is a top choice for companies. Entering into the edibles category is another strategic move in our long-term business plan to ensure we build long term relationships that deliver a steady revenue stream.”
A fully compliant seed-to-sale company, specializing in extraction techniques for the medical marijuana market, operations are currently based in Puerto Rico and California. Since the legalization of the medical marijuana market in Puerto Rico in May 2017, Chemesis has been an innovative leader selling cannabis products in approximately seven locations across the state.
With regards to offerings, Chemesis is presenting potential clients numerous forms of extractions, formulations and products, with a specialization in BHO Extraction, Alchohol Extraction, and CO2 Extraction with a current capability production of 2,000 pounds a day.
With the continual activities to grow the market stake in California, Chemesis ‘expected annual revenue in that state is projected to reach $61.5 million by year four with a net income of $27.2 million. The current medical marijuana market in California is estimated to be $3.7 billion in 2018 reaching $5.1 billion in 2019, leaving plenty of room for Chemesis to continue revenue growth.’ (Investment News Network: 2018 Article: Bringing Vertically-Integrated Cannabis to Puerto Rico and California).
Chemesis is one to watch and I look forward to continue to follow this interesting company.
Dr. Kal Kotecha
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