Chemesis International Inc CADMF

"Chemesis International Inc. is a vertically integrated global leader in the cannabis industry, currently operating within California, Puerto Rico, and Colombia. Chemesis is developing a strong foothold in key markets, from cultivation to manufacturing, distribution and retail. Chemesis has facilities in both Puerto Rico and California, allowing for cost-effective production and distribution of its products. In addition, Chemesis leverages exclusive brands and partnerships and uses the highest q

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Post by Chris333on May 15, 2021 11:48am

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Chemesis Int'l settles $234,176 debt with shares

2021-05-14 17:21 ET - News Release

Mr. Josh Rosenberg reports

CHEMESIS INTERNATIONAL INC. ANNOUNCES SETTLEMENT OF DEBT

Chemesis International Inc. has entered into debt settlement agreements with certain convertible debentureholders and other creditors, pursuant to which it has discharged an aggregate total indebtedness of $234,176 on the following basis:

$234,176 in convertible debt for services rendered through the issuance of an aggregate total of 396,913 common shares of the company at a deemed price of 59 cents per common share to certain creditors of the company. The securities issued pursuant to the debt settlements are subject to a four-month hold period from the date of issuance.

We seek Safe Harbor.