Chemesis International Inc. (OTC: CADMF) (CSE: CSI), is pleased to announce it will be entering into the cannabis edibles category. Chemesis intends to use its existing facilities and licenses to streamline its entry into the expanding edibles market, providing services for businesses that need manufacturing, packaging, and distribution while maintaining compliance.
Recent changes in California regulations require companies to ensure they are selling products with clean tested cannabis while ensuring all processes are fully compliant to state and municipal laws. Businesses are eager to find companies that are able to operate in California’s legal framework. The market for cannabis in California is estimated to hit $7.7 billion by 20211. Chemesis believes it has assets and services that are key for businesses to thrive in a compliant marketplace.
Chemesis will be using the recently acquired Desert Zen Fulfillment facility for this edibles expansion and anticipates products to be launched in Q1 2019. Chemesis intends to enter the edible market with gummies, chews, chocolates, brownies, cookies, and other edibles. These products will be manufactured for Chemesis’ own brands as well as white labelling for other businesses.
“Chemesis continues to enter into the most lucrative and important product categories,” said Edgar Montero, CEO of Chemesis. “Management is executing a strategic business plan that allows businesses to use Chemesis for all of their products and needs, making us a one stop shop. The recent regulation changes have put pressure on businesses to find compliant manufacturing and distribution; Chemesis continues to ensure it is a top choice for companies. Entering into the edibles category is another strategic move in our long-term business plan to ensure we build long term relationships that deliver a steady revenue stream.”