News - Chemesis International Inc. to Launch Hemp CigarettesSomething for the future
https://web.tmxmoney.com/article.php?newsid=5799905387958413&qm_symbol=CSI:CNX VANCOUVER, British Columbia, Oct. 01, 2019 (GLOBE NEWSWIRE) -- Chemesis International Inc. (CSE: CSI) (OTC: CADMF) (FRA: CWAA) (the “Company” or “Chemesis”), will manufacture, distribute and retail hemp cigarettes. The cigarettes will be distributed throughout the United States and European markets as the Company scales production.
In addition to the vape market, the global cigarette market was worth $888 billion USD in 2018, and is expected to grow at 4% CAGR during 2019-20241. With recent regulation changes and a shift away from vaping, the Company believes Hemp Cigarettes will become increasingly popular as an alternative.
The Company will offer white-labelling contracts along with its own branded products which will be distributed throughout Chemesis’ dispensaries and distribution network. The Company will also look to offer via e-commerce platforms as its retail strategy further expands.
“Chemesis has been increasing its manufacturing and distribution capabilities steadily,” said Chief Executive Officer, Edgar Montero. “The Company will continue to expand its catalogue offerings through unique products that give consumers flexibility and choice. Hemp cigarettes provide the Company with another product that brings shareholder value through high margins and mass distribution. The product line compliments the previously announced tobacco-free smokeless cannabis chew.”