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Gaia Grow Corp C.GAIA

Gaia Grow Corp. is a Canada-based hemp producer company. The Company, through its wholly owned subsidiary Tru Extracts (Calgary) Ltd. (TruExtracts), is focused on developing, formulating and commercializing cannabinoid-containing end-user facing products, such as edibles, prerolls and concentrates. TruExtracts Laboratories is a cannabis and hemp processors, with an approximately 12,500 square foot facility in Calgary. The facility is Health Canada licensed and fully operational, with an expansion capability of an additional 16,000 additional square feet. TruExtracts services include toll processing, tetrahydrocannabinol (THC), cannabidiol (CBD) extractions and isolates, as well as white label service and cannabis THC and CBD products.


CSE:GAIA - Post by User

Post by StoneMan45on Feb 04, 2020 8:48am
109 Views
Post# 30638787

Gaia .. Enagon exclusivity

Gaia .. Enagon exclusivity


https://www.gaiagrow.com/news-releases/13-news-releases/50-aiaignsindingwithempillingompany20200204

For industrial hemp supplied to Enagon by Gaia, the revenue for the sale of the milled product will be split 30% to Enagon and 70% to Gaia. For industrial hemp supplied by Enagon pursuant to Gaia's licence, the revenue for the milled product will be split 70% to Enagon and 30% to Gaia. Gaia will be responsible for all sales of milled hemp and the distribution of revenue from such sales. Any revenue generated by the sale of milled product produced from industrial hemp supplied by third parties will be split 50% to Enagon and 50% to Gaia.

"Enagon and Gaia have aligned with a mutual goal of results driven growth" said Frederick Pels, CEO of Gaia. "Having a quality hemp product at this capacity and distributing directly to every open revenue stream is simply the best business model possible. I anticipate the next steps we take together with Enagon will continue to advance this industry, elevate both our companies, and increase shareholder value. I look forward to keeping our shareholders updated with our progress over the coming quarters."


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