VANCOUVER, June 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,
Chief Financial Officer and Director
StillCanna Enters into a Strategic Relationship with CBD Logistics Expert for Secure Transportation of its Products Internationally
VANCOUVER, June 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.”
EVI ANNOUNCES PROPOSED ACQUISITION OF BORGANIC CONSULTING INC.
In connection with the letter of intent with Borganic Consulting Inc. previously announced on Sept. 6, 2018, EVI Global Group Developments Corp. has entered into a definitive share exchange agreement with Borganic under which the company has agreed to acquire all the issued and outstanding shares of Borganic in exchange for an aggregate of 30 million common shares of the company, being 43.57 per cent of the company’s total issued and outstanding shares. The share exchange agreement remains subject to a number of conditions, including but not limited to the approval of the Canadian Securities Exchange, receipt of all other required regulatory approvals and customary closing conditions.
The company is also pleased to announce 1.05 million stock options have been granted to certain consultants pursuant to the company’s stock option plan. The options are immediately exercisable for a period of five years at a price of 63 cents per share.
The company is also proposing a change of business from a mining issuer to a life sciences issuer.
Completion of the change of business is subject to a number of conditions, including Canadian Securities Exchange and shareholder approval.
“I believe 2019 will be known as the year of CBD,” explained EVI’s chief executive officer, Jason Dussault. “In all businesses, timing is everything. We are at the right place, at the right time, with the right team. I feel our agreements and technologies position us perfectly in this marketplace. I see a future that is salt, pepper, CBD!”
About Borganic Consulting Inc.
Borganic is focused on the commercial extraction of cannabidiol from industrial hemp and has engineered a proprietary commercial-scale extraction process that is more cost-efficient than other traditional extraction processes. Borganic’s technology utilizes a food-grade ethanol extraction method that is far cleaner than many of the other commercial operations which use harmful and potentially carcinogenetic products such as hexane and butane for extraction.
About EVI Developments Corp.
EVI Global Group Developments is a natural resource company based in Vancouver, B.C., engaged in the acquisition, exploration and development of mineral properties, with its primary focus on its silica properties, located within British Columbia.
We seek Safe Harbor.
EVI ANNOUNCES CLOSING OF OVERSUBSCRIBED NON-BROKERED PRIVATE PLACEMENT
EVI Global Group Developments Corp. has closed its non-brokered private placement previously announced on Sept. 5, 2018. Due to increased demand, the previously announced private placement was increased from $3-million to $4-million with 16 million units at a price of 25 cents per unit.
Each unit in the private placement comprises one common share and one-half of a transferable common share purchase warrant. Each whole warrant is exercisable into one additional common share at a price of 50 cents for a period of one year. The securities will be subject to a four-month-and-one-day hold period under applicable securities laws.
In connection with the private placement, EVI Global Group Developments paid certain arm’s-length finders a finder’s fee consisting of: (i) cash equal to 6 per cent of the total gross proceeds from subscribers introduced to EVI Global Group Developments by the applicable finder; and (ii) such number of finders’ warrants equal to 6 per cent of the total number of shares issued to subscribers introduced to EVI Global Group Developments by the applicable finder. Each finder’s warrant is exercisable into one additional common share at a price of 50 cents for a period of one year.
EVI Global Group Developments intends to use the net proceeds from the private placement for expenditures related to previously announced letter of intent with Borganic Consulting Inc., general working capital and other corporate matters.