NEW YORK, Dec. 03, 2018 (GLOBE NEWSWIRE) — via CannabisNewsWire – CannabisNewsAudio announces the Audio Press Release (APR) titled “Change in Attorney General Could Mean a Cannabis Revolution in the US,” featuring Chemistree Technology Inc. (CSE:CHM, OTCQB:CHMJF, FRA: CM1) (the “Company” or “Chemistree”).
To hear the CannabisNewsAudio version, visit: http://cnw.fm/uR4M0
To read the full editorial, visit: http://nnw.fm/77lmJ
Chemistree’s strategic move into California is representative of an early-mover advantage, despite the state’s already booming cannabis sales. California’s cannabis spending hovered near $3 billion in 2017 — even before recreational marijuana became legal on January 1. By 2022, the market in the state is expected to soar to $7.7 billion.
Upon the announcement of its California land acquisition, Chemistree president Karl Kottmeier stated, “This is a great purchase for Chemistree. I am pleased to report that our highly experienced team in California has begun working on this exciting project. Not only did we arrive at what we believe is a very attractive price, we are buying a site that already has much of the Conditional Use Permit application process well underway. We expect to have the application submitted within the next few weeks and anticipate approval to take 2–3 months thereafter.”
About Chemistree Technology, Inc.
Chemistree Technology Inc. (CSE:CHM, OTCQB:CHMJF, FRA: CM1) is an investment company operating in the cannabis sector in the United States and internationally. The company was formerly known as Whattozee Networks Inc. and changed its name to Chemistree Technology Inc. in August 2017. Chemistree Technology Inc. was incorporated in 2008 and is headquartered in Vancouver, Canada. For more information, visit the company’s website at Chemistree.ca
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.