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Stillcanna Inc. is currently harvesting its hemp crop in Poland

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The company is currently capturing 1,000 kilos of dry biomass (flower) per hectare, a significant increase over the previously announced expected yield of 350 kilos per hectare.

Additional Information:

Company: Stillcanna Inc.
Website: http://www.stillcanna.com
Stock Symbol: CSE: STIL
Date Published: Aug 28, 2019
Transcript: Available

Video Transcript:

Stillcanna Inc. is currently harvesting its hemp crop in Poland.

The company is currently capturing 1,000 kilos of dry biomass (flower) per hectare, a significant increase over the previously announced expected yield of 350 kilos per hectare.

The company is currently completing the harvesting of a 200-hectare parcel in Warminsko, in the northern area of Poland, just one of the company’s hemp crops located on several separate parcels of land.

Its larger agricultural tracks of land are in southwestern Poland, Dolnoslaskie and in central Poland, around the company’s headquarters.

The company’s crops appear quite homogeneous over its various land parcels and Stillcanna feels these initial harvest results should be reflective of its continuing harvest over the next weeks.

The new biomass estimate is based on a twenty-hectare sampling of the first agricultural parcel and Stillcanna foresees no issues in completing its full harvest in the following weeks.

Jason Dussault, CEO, stated: “We couldn’t be happier with our biomass numbers. These numbers have exceeded our expectations. These agricultural results should greatly increase our company’s business opportunities and revenue options.”

The company’s extraction equipment has arrived at its Polish NEXUS facility and is currently being installed.

Its new proprietary dryers are anticipated to be operational within the week, preparing its biomass for extraction.

Approximately 5,500 kilos of fresh biomass (wet flower) nets 1,000 kilos of dry biomass (flower).

Only the flowers of the hemp plant contain CBD.

Backed by a future supply of exceptionally low-cost inputs from its state-of-the-art cultivation and extraction operations, the company is preparing to enter the direct-to-consumer market with a portfolio of unique brands.

Stillcanna is on schedule to begin extracting and fulfilling its CBD isolate orders in the fourth quarter.

The company previously signed an initial extraction contract in Europe to be the exclusive extractor for Dragonfly BioSciences LLC, a United Kingdom-based supplier of CBD.

The shares are currently trading at $0.58.
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For more information, please visit the company’s website at www.stillcanna.com, contact Mauricio Inzunza at 844-442- 7845, or by email at mauricio@stillcanna.com.

I’m Cassandra Bolinski for Investmentpitch Media