Stillcanna Predicts Bumper Hemp Crop in Poland resulting in Hemp Offtake LOI with Sequoya Cannabis

VANCOUVERJune 14, 2019 /PRNewswire/ – Stillcanna Inc. (CSE:STIL, OTC:SCNNF, FRANKFURT:A2PEWA) (“STIL” or the “Company”) is pleased to announce that favorable weather conditions and above average temperatures in Poland is having a positive effect on its current hemp crop.  The Company’s agricultural experts at Olimax in Poland are anticipating harvesting more biomass from its 1,500-hectare crop than previously expected. Originally, the Company anticipated harvesting 250 kilograms of dry flower per hectare, but the Company now expects to harvest 350 kilograms of dry flower per hectare.  Hemp, unlike many other crops, thrives in a hot dry climate and Poland has been experiencing warmer than usual weather.

As was previously announced on May 28, 2019, Stillcanna’s Polish extraction facility was engineered to process 250 kilograms of dry flower per hectare this year. With an excess of 70,000 kilos of dry flower expected for 2019 comes the opportunity to monetize this excess. Stillcanna has signed a letter of intent with Sequoya Cannabis to provide Sequoya with C$1,000,000 worth of hemp off its fields. The companies intend to sign a definitive agreement by July 15, 2019 and will announce details of the definitive agreement once it is signed.

“There is a shortage of both CBD and good biomass in Europe,” stated Jason Dussault CEO of Stillcanna. “It is anticipated that favorable agricultural conditions will allow us to meet or exceed our own biomass requirements while quickly monetizing the 2019 excess. This order represents only a portion of our available excess biomass for 2019.”

“Having access to surplus biomass from Stillcanna’s Polish fields is a definite win-win for both companies,” explained Shemek Fedyczkowski, CEO of Sequoya Cannabis. “To find quality biomass so close to our Krakow facility is amazing, I hope we build a long term relationship with Stillcanna and that they will allow us to buy more hemp in the future.”

The Company has also entered into an agreement with FlinnWest Solutions to enhance public awareness of the Company with a budget of approximately $840,000 US.  FlinnWest Solutions are experts in digital advertising, paid distribution, media buying and content creation.

Visit http://thestillcannareport.com for additional company information.

About Stillcanna Inc.

Stillcanna Inc. (CSE: STIL) www.stillcanna.com is a Canadian early-stage life sciences company focused on large scale CBD extraction in Europe.  The Company believes its proprietary intellectual property allows it to extract CBD at a lower cost. The Company has signed an initial extraction contract in Europe to be the exclusive extractor for Dragonfly BioSciences LLC, a United Kingdom-based supplier of CBD. The Company also recently completed the acquisition of Olimax NT SP. Z .O.O, which is expected to increase the Company’s market share in the European CBD industry. 

On Behalf of the Board, 

Joel Leonard,
Chief Financial Officer and Director
E-mail: joel@stillcanna.com
Phone: 778-838-3692

StillCanna Enters into a Strategic Relationship with CBD Logistics Expert for Secure Transportation of its Products Internationally

VANCOUVERJune 5, 2019 /CNW/ – StillCanna Inc. (CSE:STIL, OTC:SCNNF, FRANKFURT:A2PEWA) (“STIL” or the “Company”) is pleased to announce it has entered a strategic relationship with Sarah Yetman, an expert in the international transportation of industrial hemp and CBD.

Ms. Yetman has overseen the shipment of tens of thousands of kilograms of CBD into the USA and other countries. Ms. Yetman is also active in the supply of CBD products and biomass globally and will be representing StillCanna products to her existing customer base.

Ms. Yetman will be responsible for:

  • Arranging the shipment of biomass and CBD isolate and CBD distillate internationally;
  • Arranging all applicable insurance policies and required certificates of origin;
  • Organizing the clearance of shipments with the applicable Drug Enforcement Administration officials and customs officials;
  • Organizing the delivery of the CBD product to end customers once the CBD product has cleared customs; and
  • Organizing the product handling and testing at its final destination.

Ms. Yetman has been able to import products into the USA based sovereign ports of call and clear those products through customs using her existing relationships with both the Drug Enforcement Administration officials and US Customs officials.

“We are very impressed with the infrastructure that Sarah has been able to establish in both the USA and abroad,” stated Jason Dussault, CEO of StillCanna. “Her expertise and experience provides an invaluable service to StillCanna and is an important link in our supply chain. This relationship allows our products to reach a wider international audience. Ms. Yetman also brings a broad international base of buyers for both CBD products and hemp biomass.”

“I couldn’t be more pleased to be working with StillCanna and providing them with the global logistics they require,” said Sarah Yetman. “The contacts and infrastructure I have established is a custom fit for both the Company and myself.  I look forward to implementing and overseeing the first of many shipments.”

StillCanna Announces OTC Markets Listing

VANCOUVER, May 31, 2019 /CNW/ – StillCanna Inc. (CSE:STIL, OTC:SCNNF, FRANKFURT:A2PEWA) (“STIL” or the “Company”) is pleased to announce that it is trading on the OTC Markets under the symbol “SCNNF” and its shares are DTC Eligible. StillCanna’s shares are also quoted on the Börse Frankfurt Exchange in Germany under the symbol “A2PEWA” in addition to the Canadian Securities Exchange (CSE) under the symbol “STIL”.

“Trading on the US OTC Markets will assist us with increasing our U.S. shareholder base and investor awareness as we complete our transition into producing high-quality CBD Isolate from our production centres in Romania and Poland,” stated Jason Dussault, Chief Executive Officer, “having recently announced a C$36 million supply agreement with a leading US-based producer of CBD-infused products, we look to increase our visibility with both US customers and shareholders alike.”

What is DTC Eligibility?

DTC Eligibility means that a public company’s securities are able to be deposited through DTC.  DTC is the largest securities depository in the world and holds over $35 trillion dollars’ worth of securities on deposit. DTC accepts deposits of securities from its participants only, who are usually clearing firms. Most brokers clear stock in-house or hire a clearing firm to do so on their behalf. All movements of securities are made to the participant’s account electronically with book-entry adjustments. If an issuer is not DTC eligible, then its shares cannot be transferred between brokerage accounts electronically, which means its shares cannot be traded easily.

About StillCanna Inc.

StillCanna Inc. (CSE: STIL) www.StillCanna.com is a Canadian early-stage life sciences company focused on large scale CBD extraction in Europe.  The Company believes its proprietary intellectual property allows it to extract CBD at a lower cost. The Company has signed an initial extraction contract in Europeto be the exclusive extractor for Dragonfly BioSciences LLC, a United Kingdom-based supplier of CBD. The Company also recently completed the acquisition of Olimax NT SP. Z .O.O, which is expected to increase the Company’s market share in the European CBD industry. 

The CSE has not in any way passed upon the merits of and has neither approved nor disapproved the contents of this news release.