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.
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.