Author Archive for chemistree

CHEMISTREE ANNOUNCES NEW ENGAGEMENT, PROVIDES CORPORATE UPDATE

Vancouver, British Columbia, January 19, 2018 – Chemistree Technology Inc. (Canadian Securities Exchange: CHM) (US OTCQB: CHMJF) (the “Company” or “Chemistree”) is pleased to announce that the Company has been engaged by Elite Extracts of Vancouver, BC to assist them with their social media marketing and brand development as they prepare to launch their company.

COO Jeremy Deichen said “I am happy to announce that Elite Extracts has chosen Chemistree to assist them with social media marketing as they continue to develop their business. Chemistree is providing Elite full a full range of branding services including web design, packaging and graphic design work. We are looking forward to being part of their future success.”

Corporate Update

Chemistree president Karl Kottmeier: “I am pleased to inform shareholders that Chemistree continues to build on its initial offering to the cannabis industry of highest quality content, branding and social media services. We continue to add clients to our corporate roster and we appreciate their positive feedback on the services we provide.”

The Company is comfortable with its near-term cash position and we are confident that the broad acceptance of cannabis-focused companies as exciting investment opportunities in Canada will expand to include companies like Chemistree focused on the far larger market available in those individual American states where cannabis is medically and/or recreationally legal.

Chemistree management has recently toured several operations in the Los Angeles, California area. The purpose of these visits was to identify other areas into which the Company can expand and deploy both capital and management’s significant, collective expertise to build shareholder value. Among the opportunities investigated to date, management was most interested in several bare land prospects in northwest and southeastern California and retail sales operations located throughout the Los Angeles city area. Our investigation into these opportunities continues and should any one of these opportunities mature, Chemistree may be required to make certain filings and changes to the Company’s listing disclosure under the requirements of the Canadian Securities Exchange Policy 8.

The Company wishes to inform shareholders that there are significant legal restrictions and regulations that govern the cannabis industry in both Canada and the United States.

Cannabis-related Practices or Activities are Illegal Under U.S. Federal Laws

The concepts of “medical cannabis” and “retail cannabis” do not exist under U.S. federal law. The Federal Controlled Substances Act classifies “marihuana” as a Schedule I drug. Under U.S. federal law, a Schedule I drug or substance has a high potential for abuse, no accepted medical use in the United States, and a lack of safety for the use of the drug under medical supervision. As such, cannabis related practices or activities, including without limitation, the manufacture, importation, possession, use or distribution of cannabis are illegal under U.S. federal law. Strict compliance with state laws with respect to cannabis will neither absolve the Company of liability under U.S. federal law, nor will it provide a defense to any federal proceeding which may be brought against the Company. Any such proceedings brought against the Company may adversely affect the Company’s operations and financial performance.

Members of management also attended the MJBiz Cannabis conference held in mid-November 2017, connecting with a wide range of potential clients, investment opportunities, industry experts as well as legal and financial advisors. This conference was very well attended and served to confirm to all Company attendees that the opportunity available in the United States was truly compelling.

Chemistree also wishes to inform shareholders that it has discontinued discussions as announced on October 17, 2017 with an Oregon-based cannabis cultivator to provide marketing and branding services, due to an inability to ascertain key information on certain parties related to the prospective client.

For more information, please contact Paul Searle at (778) 240-7724 or by email at paul@chemistree.ca.

“Karl Kottmeier”
President

 

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “budget”, “scheduled” and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation, statements about adding clients, building on the Company’s initial product offerings, the use of cash, investment opportunities in the cannabis space or otherwise, expansion into the American market, the acquisition of any land or retail sales operations and any evolution of the Company into a in cannabis-related investment and/or cultivation and/or distribution industries. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the risks identified in the Company’s reports and filings with the applicable Canadian securities regulators. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the respective companies undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.

CHEMISTREE CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT

Vancouver, British Columbia, December 8, 2017 – Chemistree Technology Inc. (Canadian Securities Exchange: CHM) (US OTCQB: CHMJF) (the “Company”) is pleased to report that effective December 7, 2017 it has closed the final tranche of the non-brokered private placement as announced August 3, 2017.

The final tranche was comprised of 1,044,800 common shares, issued at $0.25 per share for gross proceeds of $261,200. Immediately following this private placement issuance, the Company has 21,339,205 common shares issued and outstanding.

Securities issued under the placement are subject to a four-month hold period, which will expire four months from the date of closing.

In aggregate, the two tranches of the now completed non-brokered private placement yielded gross proceeds of $1,547,700 and the issuance of 6,190,800 common shares. The proceeds from the placement will be used for general working capital purposes.

Chemistree is an exciting new company, focusing its efforts on social media, branding, licensing and marketing technology. In addition to marketing events, brands and any other activities in the cannabis industry, the company will continue to identify other avenues for growth for social media marketing services, as well as brand marketing, product marketing, and more general services like financing and corporate consulting. The Company believes the cannabis industry offers a tremendous opportunity for growth. The reason for this is simply that marketing of cannabis companies, their products as well as information about the industry itself is in its infancy. Initially, the Pacific Northwest is the Company’s main target geography, but this is expected to expand from British Columbia and Washington into Oregon, and eventually California.

For more information, please contact Paul Searle at (778) 240-7724 or by email at paul@chemistree.ca.

“Karl Kottmeier”
President

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

CHEMISTREE ENGAGED BY HYDROSELECT

Vancouver, British Columbia, October 17, 2017–Chemistree Technology Inc. (Canadian Securities Exchange: CHM)(US OTCQB: CHMJF)(the “Company”) is pleased to announce that the Company has been engaged by Hydroselect Holdings Ltd.of Surrey, BC to assist them with their social media marketing and brand development. Hydroselect is a leading online supplier of hydroponic growing equipment, offering clients access to thousands of products including lighting, hydroponic equipment, nutrients and accessories from all the leading names in the industry.

Hydroselect also provides a tremendous service by offering cutting edge educational videos on weekly basis to keep consumers informed and up to date on all topics across the growing landscape.

President Karl Kottmeier said “I am happy to announce that Hydroselect has chosen Chemistree to assist them with social media marketing and brand development as they continue to grow their business in Canada and the United States. Chemistree has continued to expand its social media team and is actively looking to expand its physical presence in Washington to support its business in the Pacific Northwest.”

Chemistree also announces that it is in discussions with a major Oregon-based cannabis cultivator to potentially provide a comprehensive suite of marketing and branding services including social media marketing, physical product marketing and branding and graphic design creation and consulting. Graphic design work would be a new offering from Chemistree and the service is currently in its infancy at the company, having been requested repeatedly by existing and potential clients.

Chemistree is an exciting new company, focusing its efforts on social media, branding, licensing and marketing technology. In addition to marketing events, brands and any other activities in the cannabis industry, the company will continue to identify other avenues for growth for social media marketing services, as well as brand marketing, product marketing, and more general services like financing and corporate consulting. The Company believes the cannabis industry offers a tremendous opportunity for growth. The reason for this is simply that marketing of cannabis companies, their products as well as information about the industry itself is in its infancy. Initially, the Pacific Northwest is the Company’s main target geography, but this is expected to expand from British Columbia and Washington into Oregon, and eventually California.

For more information, please contact Paul Searle at (778) 240-7724 or by email at paul@chemistree.ca.

“Karl Kottmeier”
President

 

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is definedin the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

CHEMISTREE CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT

Vancouver, British Columbia, October 12, 2017–Chemistree Technology Inc. (Canadian Securities Exchange: CHM)(US OTCQB: CHMJF)(the “Company”) is pleased to report that effective October 12, 2017 it has closed the first tranche of the non-brokered private placement as announced August 3, 2017.

The Company issued 5,146,000 common shares at $0.25 per share for gross proceeds of $1,286,500. Immediately following this private placement issuance, the Company has 20,294,405 common shares issued and outstanding.

Securities issued under the placement are subject to a four-month hold period, which will expire four months from the date of closing. The proceeds from the placement will be used for general working capital purposes.

The Company may close a final tranche of the private placement for up to $700,000 via the issuance of up to 2,800,000 common shares prior to the end of October 2017.

Chemistree is an exciting new company, focusing its efforts on social media, branding, licensing and marketing technology. In addition to marketing events, brands and any other activities in the cannabis industry, the company will continue to identify other avenues for growth for social media marketing services, as well as brand marketing, product marketing, and more general services like financing and corporate consulting. The Company believes the cannabis industry offers a tremendous opportunity for growth. The reason for this is simply that marketing of cannabis companies, their products as well as information about the industry itself is in its infancy. Initially, the Pacific Northwest is the Company’s main target geography, but this is expected to expand from British Columbia and Washington into Oregon, and eventually California.

For more information, please contact Paul Searle at (778) 240-7724 or by email at paul@chemistree.ca.

“Karl Kottmeier”
President

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

CHEMISTREE UPGRADES U.S. TRADING TO OTCQB

Vancouver, British Columbia, September 26, 2017–Chemistree Technology Inc. (Canadian Securities Exchange: CHM)(US OTCQB: CHMJF)(the “Company”) is pleased to announce that Chemistree’s common shares have been approved for trading on the OTCQB Venture Market in the United States under the new trading symbol CHMJF, effective September 26, 2017.

Listing on the OTCQB is part of Chemistree’s over all strategy to increase its potential audience of international investors. It will provide the company with a significant trading platform for its current shareholders and future investors from the U.S. and internationally.

The OTCQB is the ideal marketplace for emerging U.S. and international companies. To be eligible for the OTCQB, companies must be current in their reporting obligations with the U.S. Securities and Exchange Commission, meet a minimum price bid test, and undergo an annual verification and management certification process. These quality standards and appropriate regulations coupled with a solid technical platform provide investors with a high level of confidence and enhance their trading experience.Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on http://www.otcmarkets.com/stock/CHMJF/quote

Chemistree will continue to trade on the Canadian Securities Exchange under its current symbol CHM.

President Karl Kottmeier said “I am pleased to announce our OTCQB listing. Chemistree hopes to expand its operations further into the various US markets and it is only logical for the Company to make itself easily available to American investors, many of who frequently find it challenging to invest in Canadian listed companies.”

Chemistree is an exciting new company, focusing its efforts on social media, branding, licensing and marketing technology. In addition to marketing events, brands and any other activities in the cannabis industry, the company will continue to identify other avenues for growth for social media marketing services, as well as brand marketing, product marketing, and more general services like financing and corporate consulting. The Company believes the cannabis industry offers a tremendous opportunity for growth. The reason for this is simply that marketing of cannabis companies, their products as well as information about the industry itself is in its infancy. Initially, the Pacific Northwest is the Company’s main target geography, but this is expected to expand from British Columbia and Washington into Oregon, and eventually California.

For more information, please contact Paul Searle at (778) 240-7724 or by email at paul@chemistree.ca.

“Karl Kottmeier”
President

 

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is definedin the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

CHEMISTREE ENGAGEDBY SUGARLEAF FARM LLC

Vancouver, British Columbia, September 20, 2017–Chemistree Technology Inc. (Canadian Securities Exchange: CHM)(the “Company”) is pleased toannounce that further to its August 3rd, 2017news release, the Company has been engaged by Sugarleaf FarmLLC.(Sugarleaf Cannabis) of Sedro-Woolley, Washingtonto assist them with their social media marketing and brand development.

President Karl Kottmeier said “I am really pleased to make this announcement. Sugarleaf Cannabisis a sophisticated and well-respected producer/processor in the Washington State i502 cannabis market. During our initial tour, we were amazed at the attention to detail Sugarleaf Cannabis has taken during the design and implementation of their cultivation process.There is no doubt that Sugarleaf Cannabis will be an industry leader as the cannabis market continues to mature. We view this initial contract as the beginning of a long and valuable relationship with Sugarleaf Cannabis and we expect this to be the first of many companies in this exciting and dynamic space that Chemistree can support and grow with.”

Sugarleaf Cannabis president Cody Anderlini commented, “We are at a turning point in our business.The industry has evolved from small micro-grows selling products at local dispensaries and retail stores to nationally recognized brandswith operations in multiple states and even countries. For over ten years we have been perfecting a scalable cultivation/extraction process and as we continue to roll out into new legalized markets we decided to look for a marketing and design company that could help us achieve our ultimate branding vision. We are confident that Chemistree not only has exceptional technical and creative abilities, but shares the same cultural respect for the industry that we do.We are proud to have them on board and looking forward to what the future holds for our relationship.”

As a condition of the contract, Chemistree will establish and staff a corporate office and legal presencein Washington state. Chemistree management is underway with this initiative and sees this as a tremendous investment in the Company’s future growth.

For more information, please contact Paul Searle at (778) 240-7724 or by email at paul@chemistree.ca.

 

“Karl Kottmeier”
President

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

WHATTOZEE ANNOUNCES STRATEGIC RELATIONSHIP WITH LG DIGITAL INC. NAME CHANGE TO CHEMISTREE TECHNOLOGY INC

Vancouver, British Columbia, September 7, 2017–Chemistree Technology Inc. (Canadian Securities Exchange: CHM))(the “Company”) is pleased to announce the appointment of Mr. Jeremy Deichen to the position of Manager, Social Media Business Development.

Mr. Deichen is the creative director of LG Digital Inc.(“LGDigital”),a Vancouver-based digital marketing, website, video production and graphic design company.LG Digital is also a strategic partner to Chemistree,as announced by the Company July 19, 2017.

President Karl Kottmeier commented “Initially, we struck an alliance with LG Digital andw ere excited to work with them to build their social media presence. As our relationship with LGDigital has advanced and we have worked directly with Jeremy, we have been impressed with not only his content creation skills but more importantly the relationship she has with the numerous growers, processors and retailers across the cannabis space in the Pacific Northwest. We quickly realized that Jeremy would be ideal to assist us by managing our business development and we are pleased that he has accepted this new responsibility.

”For more information, please contact Paul Searle at (778) 240-7724 or by email at paul@chemistree.ca.

“Karl Kottmeier”
President

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

CHEMISTREE TECHNOLOGY INC. ANNOUNCES APPOINTMENT OF JUSTIN CHORBAJIANTO BOARD-Announces $800,000USDTerm Loan Credit Facility

Vancouver, British Columbia, August 28, 2017–Chemistree Technology Inc. (Canadian Securities Exchange: CHM))(the “Company”) is pleased to announce that Mr. Justin Chorbajian has been appointed to the Board of Directors of the Company.

Mr. Chorbajian is the creator and owner of the largest chain of privately owned hydroponic shops in Canada. He created Green Planet Nutrients and Green Planet Wholesale Ltd.,a British Columbia based company specializing in the wholesale distribution of quality impact products for the indoor gardening, hydroponic, and hobby greenhouse market. Green Planet represents over 40 different brands, selling thousands of individual products ranging from Lighting technology to grow mediums, CO2 Equipment,Nutrients, Odor Control & Air Quality systems, Water Purification and more. Green Planet distributes to client sin the UK, Australia, and across North America. Mr. Chorbajian has run his company for over 20 years and in that time become a highly regarded consultant to the cannabis cultivation, processing and marketing industry.

Mr. Chorbajian said “I am pleased to have been asked to join the board of Chemistree. I believe strongly that their business target of providing social media marketing services to what I see as a highly fragmented industry will be successful. There are so many small players in need of a voice and help with creating and marketing their brands. I hopeI can offer Chemistree my experience, advice and my extensive contact base across this and other industries I am involved in. I believe Chemistree will have an immediate and positive impact on many businesses that are currently undeserved.”

Chemistree president Karl Kottmeier commented, “I am happy to welcome Justin to the board of Chemistree. He clearly is very familiar with the vast majority of the companies in the cannabis space and has a tremendous rapport with many of them. As well he has deep experience in marketing and brand development which will be very valuable to us as we work to expand our social media service offering both in and outside of the cannabis industry.”

The Company also announces thatit has arranged a term loan credit facility for up to US$800,000for 10 years with at an interest rate of prime + ½%. Certain insiders of the Company mayparticipate as lenders.

For more information, please contact Karl Kottmeier, President, at (604) 689-7422.

“Karl Kottmeier”
President

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

WHATTOZEE CHANGES NAME TO CHEMISTREE TECHNOLOGY INC.PROVIDES CORPORATE UPDATE, DISCUSSES FUTURE PLANS AND ANNOUNCES $2,000,000 PRIVATE PLACEMENT FINANCING

Vancouver, British Columbia, August 3, 2017–Chemistree Technology Inc. (Formerly -Whattozee Networks Inc. (Canadian Securities Exchange: WTZ))(the “Company”) is pleased to provide shareholders with an update of the company’s current activities as well an indication of its plans for the Company in the coming months.

Effective August 3, 2017, the Company’s name was changed to Chemistree Technology Inc. The Canadian Securities Exchange has indicated that the Company’s common shares will commence trading under the new symbol “CHM” on August 4, 2017. A new CUSIP number: 16383D104, has been assigned to Chemistree’s common shares.

As announced on July 19, 2017, the Company has entered into a strategic alliance with LG Digital Inc., (“LG”) a Vancouver-based digital marketing and production company. This alliance was struck so that the Company could bring its social media marketing technology to LG’s client base in specific, and to the Cannabis industry in general.

In addition to marketing events, brands and any other activities in the cannabis industry, the Company will continue to identify other avenues for growth for social media marketing services, as well as brand marketing, product marketing and more general services like financing and corporate consulting.

To that end, the Company is currently in discussions with a separate video production company, which has a widely varied client base of industrial, fashion, automotive, and food service companies,both public and private,to arrive at a similar relationship to that with LG Digital. Chemistree expects to have completed these discussions shortly and will provide an update accordingly.

As announced, the Company sees the cannabis industry as a source of focus. The reason for this is simply that marketing of cannabis companies, their products as well as information about the industry itself is in its infancy. Initially, the Pacific Northwest will be the Company’s main target geography, but this is expected to expand from British Columbia and Washington state into Oregon and eventually California.

Chemistree has engaged with potential clients interested in being marketed by the Company and its partners,with positive results. While these growth avenues are currently forward-looking and non-material, the Canadian Securities Exchange has requested expanded disclosure about the Company’s objectives.

The Company is also actively engaged in confidential discussions with aWashington State-based cannabis producerto assist them with their social media marketing and brand development. It is unknown at this time when these discussions will be completed given on going due diligence.

The Company wishes to clearly state that it is not,or proposing to be,in the cannabis production business in the United States or Canada. It also wishes to inform shareholders that there are significant legal restrictions and regulations that govern the cannabis industry in both Canada and the United States. Chemistree will at all times abide by and respect these laws and regulations in all its future potential business engagements.

Over the past month, members of Chemistree’s management have visited several Washington cannabis production facilities and points of sale to establish a base of knowledge of the business. Management has also attended a cannabis industry conference in California and toured operations in that state as well, in order to begin the process of meeting potential clients and familiarizing the Company with the laws and practicalities of the industry in California. The Company expects to send members of management to Oregon for the same purposes in the coming weeks.

Management has taken a great deal of time and care to analyze the potential business opportunities in these three states and is of the firm conviction that the growth underway since state legalization is likely not stopping in the foreseeable future. As such,significant opportunities exist in working with producers and the various dispensaries to provide social media marketing services in what is already a competitive landscape.

Likewise, while the Company initially developed its offering in the event marketing and social media exchange industry, it has subsequently recognized the greater opportunities available in the broad marketing service it could provide to potential clients. The Company has accepted this reality and pivoted/expand edits business in order to be more inclusive and has determined a more accurate description of itself as a “social media marketing” company.

The logical core business is marketing,which the Company wishes to inform its investors includes, and was always intended to include events, products, brands, locations,reputation and any other form of marketing as yet unforeseen but potentially in demand from future clients.

While it was not the Company’s intention to limit business opportunities to one business niche, the Listing Statement the Company filed as part of it Change of Business filing with the Canadian Securities Exchange provided specific disclosure related only to the event business.

Management and the Board of Directors of the Company recognize that this additional disclosure provides appropriate clarity as to the Company’s business and its plans going forward.

Chemistree isalso pleased to announce a private placement financing to raise up to $2,000,000for general corporate working capital purposes. The offering will be non-brokered and consist of up to 8,000,000 common sharesat a price of $0.25 per share. Finder’s fees may be payable in connection with this offering.

For more information, please contact Karl Kottmeier, President, at (604) 689-7422.

“Karl Kottmeier”
President

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.