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

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Going Public

As of November 16, 2018

We have filed our listing statement in connection with EVI Global Group Developments Corp.’s change of business with the CSE for comments.

Timeline

14Jun, 2019

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

read more

5Jun, 2019

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

read more

31May, 2019

StillCanna Announces OTC Markets Listing

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30May, 2019

StillCanna Strengthens Board with Business and Finance Veteran Warren Robinson

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28May, 2019

StillCanna Signs Definitive Agreement With BioSciences Enterprises to Supply C$36 Million Worth of CBD Isolate and Implements a Two-Stage Extraction Plan for Poland

read more

16May, 2019

Former President of the College of Naturopathic Physicians of British Columbia Joins StillCanna’s Team

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7May, 2019

Stillcanna Acquires Polish Hemp Producer and Receives the Proceeds of Its $24,365,000 Financing

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30Apr, 2019

StillCanna Begins Hemp Initiative in Poland

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25Apr, 2019

StillCanna Closes Oversubscribed Private Placement of Subscription Receipts for $24,365,000

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11Apr, 2019

StillCanna Recruits Seasoned PhD to Manage Its Romanian Extraction Facility and Provides Update on Its Previously Announced Financing

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28Mar, 2019

StillCanna Signs C$6 Million Per Month Agreement with California Based BioScience Enterprises, Inc. to Supply CBD

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18Mar, 2019

StillCanna Signs Definitive Agreement for the Acquisition of a Leading European Hemp Cultivator Olimax

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15Mar, 2019

StillCanna’s Anchor Extraction Customer Increases Its Monthly Order By Over 300%

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15Mar, 2019

EVI Global Group Developments Corp. (CSE: EVI) Changes to StillCanna Inc. (CSE: STIL), a Leading Extractor of CBD in Europe, and Begins Resumption of Trading

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19Feb, 2019

EVI’s European Based Extraction Facility Initiates Hemp Processing

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15Oct, 2018

EVI Global firms up acquisition of Borganic Consulting

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11Oct, 2018

EVI Global Group closes $4-million private placement

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6Sep, 2018

EVI Global Group to acquire Borganic Consulting

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Refinery #1 - Romania

June 7, 2018

LEASED FACILITY IN ROMANIA

June 7, 2018

COMPLETED FACILITY ENGINEERING DRAWINGS

August 1, 2018

ORDERED CUSTOM MANUFACTURED EQUIPMENT AND SCIENTIFIC EQUIPMENT

June 7, 2018

LEASED FACILITY IN ROMANIA

September 1, 2018

HIRED LOCAL ARCHITECT FOR PERMITTING

September, 2018

FLOORS, WASHROOMS, WALLS, ROOF AND CEILING ALL IMPROVED

October 1, 2018

LARGE HEMP SEPARATOR MACHINE ARRIVES ON SITE

November 15, 2018

ROMANIAN SUBSIDIARY COMPANY DOCUMENTS APPROVED & REGISTERED

November 22, 2018

ROMANIAN STAFFING PROCESS STARTED - FACILITY GM HIRED

November 25, 2018

SUCCESSFUL SITE VISIT OF GOVERNMENTAL ENVIRONMENTAL AGENCY

November 25, 2018

BAILESTI MAYOR VISIT - HEAVILY SUPPORTIVE

December 1, 2018

PLACED TWO 40 FOOT CONTAINERS AT FACILITY FOR STORAGE

December 5, 2018

FOUR CONTAINERS OF SPECIALIZED EQUIPMENT ARRIVED FROM SUPPLIERS FORKLIFT ARRIVED

  • Anticipated Upcoming Milestones
June 7, 2018

LEASED FACILITY IN ROMANIA

December 15, 2018

ASSEMBLY OF SEPARATOR MACHINE, GENERAL MANAGER HIRING STAFF FOR JAN 2019 START

December 20, 2018

COMPLETION OF 40 FOOT WALK IN FREEZER

January 1, 2018

COMPLETION OF INTERIOR WALLS AND SECURITY SYSTEMS

January 7, 2018

INSTALLATION OF SCIENTIFIC EQUIPMENT

January 21, 2018

BEGIN EXTRACTION

Update on Our Partners

Milestones

April, 2017

planted first crop

May, 2017

obtained first licence to grow

June, 2017

purchased first 10ha of land

September, 2017

commenced first run of finance

November, 2017

Closed first run of finance

January, 2018

extraction of first crop

February, 2018

dragonfly product online

March, 2018

open loan note

May, 2018

EIS status granted

July, 2018

3yr gmp licence granted

August, 2018

signed ceuta as a distributor

August, 2018

commenced second harvest

September, 2018

cbd content crop analysis 7.58%

September, 2018

J/V melabies

September, 2018

first bulk sale order (germany)

October, 2018

season 2 harvest completed

October, 2018

sale to day lewis pharmacy

October, 2018

starpharma

November, 2018

closed loan note

November, 2018

boots istribution deal

Industry News

14Jun, 2019

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

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 Compa...Read More

5Jun, 2019

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 o...Read More

15Oct, 2018

EVI Global firms up acquisition of Borganic Consulting

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 acqui...Read More

11Oct, 2018

EVI Global Group closes $4-million private placement

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 ...Read More