Tickers: XTSX:CEA, XCNQ:CIG
Tags: #Oil&Gas
December 17, 2019 - TheNewswire - Calgary, AB - Camarico Investment Group Ltd. (CNSX:CIG.CN) ("Company") is pleased to announce that FamliFarms Ltd. ("FamliFarms") has received a hemp cultivation licence from Health Canada for the authorized activities:
Cultivation Activities:
- To propagate industrial hemp
- To cultivate industrial hemp for the following forms: seed. Grain, fiber, flowering heads, leaves, branches.
- To sell industrial hemp: seed, grain, flowering heads, leaves or branches
- To import seed
- To export seed
- To export grain
- To possess industrial hemp seed and grain for the purpose of cleaning
- To obtain seed by preparing it
FamliFarms intends to develop high CBD strains for registration as approved cultivators and commercial cultivation of flower and leaf for the CBD processing market. The company's operations are licensed and approved on the NW 32-20-25W4M, marking the initiation of Phase II of the Georgetown development.
FamliFarms will be working in conjunction with Camarico Land & Development, Camarico Construction and Aggro Manufacturing for the Engineering, Procurement and Construction of a modular test facility to initiate operations for registering approved cultivators and regional area development plan for Georgetown's Phase II.
FamliFarms intends to capitalize the modular test facilities and initial operations through third party revenue sharing agreements.
Contact information
Anthony Chan
Chief Executive Officer
Email: achan@camarico.ca
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information contained in this news release.
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