Chemistree Technology Inc (CSE:CHM) (OTCMKTS:CHMJF) said Tuesday that its Sugarleaf brand in Washington State has 18 different strains of high-quality cannabis being grown in rotation, including nine major strains and nine minor strains in smaller-batch production.
The Vancouver-based cannabis-investment company said in a press release that the brand will soon launch its own line of cannabis oil-based products to be dispensed in the Sugarleaf-branded Vapor Slide V2, a hybrid of a pen and a dab, which is a device that provides a more intense delivery of THC.
The launch is Sugarleaf’s first foray into the concentrates market. Chemistree said there are plans to expand the Sugarleaf brand into other products and devices by the end of the first quarter of 2019.
Shares of Chemistree traded at C$0.57 in Monday’s Canadian trading. They climbed US$0.04 to US$0.41 on the OTC Markets.
Last week, Joel Hradecky, host of the YouTube channel CustomGrow420, led a video walkthrough of the Sugarleaf operation with an examination of strains under cultivation and an interview with Chemistree Chairman Justin Chorbajian. In addition, Chemistree said its common shares are now eligible for electronic clearing and settlement through the Depository Trust Co in the United States.
Contact Dennis Fitzgerald at [email protected]