VANCOUVER, British Columbia, January 29th, 2019: Geyser Brands Inc. (TSX-V:GYSR) (the “Company”) announces that the Company has planted its first crop under Health Canada’s license to cultivate (the “License”).
The Company has planted the two first two test crops required under the License. The first crop is expected to mature by the end of March and will likely be resold to another Licensed Producer. This will be the Company’s first of several anticipated revenue streams. The Company plans to concentrate on strains that are high in CBD for deployment in the medicinal market.
The Company introduces Master Grower Trevor McLean, who will oversee growing operations. Trevor’s resume includes overseeing grows such as Canopy Growth’s BC division. Trevor was responsible for running the post-harvest department, with 100,000 plants to harvest. Trevor is a Master Grower, in the Fraser Valley, with over 17 years experience. Geyser’s grow facility is located in Port Coquitlam which is the closest facility to Vancouver.
The Licensing process is a 3-tiered process with the Company awaiting to receive its Processing and Sales License. The processing license target date is the end of Marchand will provide the platform to enter the branded Consumer Packaged Goods sector.
The Company came to trade on the TSX Venture Exchange under the symbol “GYSR” at the end of December. The Company is funded and enjoys the lowest market capitalization of any cannabis company with a Health Canada License to cultivate.
ABOUT GEYSER BRANDS
Geyser Brands supports healthy, active lifestyles by planning to deliver innovative hemp CBD products in the Nutraceutical, Cosmetics, Food, Beverage and Pet sectors. Through Ongoing R&D investment in Nanofusion, a proprietary all-natural Nano-technology, Geyser will deliver unique formulations with superior bio-availability and water-solubility properties to its retail and export markets. Geyser Brands is a Health Canada Licensed Producer in Port Coquitlam, British Columbia.
On Behalf of the Board of Directors
Director and CEO
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Cautionary and Forward-Looking Statements
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