In connection with the return of ownership, Gaia arranged for the cancellation of a total of 12,500,000 common shares originally issued in consideration for CSS. Gaia has also agreed to lease certain operating equipment to CSS for its short-term use following the return of ownership. “This is an exciting development for CSS” said Dr. Usukuma Ekuere, CEO of CSS.
About Gaia Grow
Gaia Grow is an Alberta-based vertically integrated licensed hemp company with subsidiaries licensed for cannabis and hemp processing, extraction, product formulation, novel product development and cannabis retail. For more information about the Company, please visit www.GaiaGrow.com
About Canna Stream Solutions Ltd.
CSS is developing critical technologies for storing, transportation and processing of cannabis waste (physical and chemical). Most notably, they have filed a US and Canadian patent application in the chemical extraction and fractionation of Cannabinoids and monoterpenes from cannabis flower and biomass utilizing their solvent technology that is significantly more efficient than ethanol. This gives CSS the ability to significantly manage costs of high throughput processing and extraction of cannabis and Hemp biomass. For more information about the company, please visit www.cannastream.ca
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