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RMMI Corp. (CSE:RMMI) New Listing

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RMMI is an Alberta-based company focused on the production, cultivation and sale of medical marijuana in various forms.

Additional Information:

Company: RMMI Corp.
Website: http://www.RMMI.ca
Stock Symbol: CSE: RMMI
Date Published: Sep 26, 2018
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

RMMI Corp. is the latest new listing on the Canadian Securities Exchange, trading under the symbol “RMMI”.

RMMI is an Alberta-based company focused on the production, cultivation and sale of medical marijuana in various forms.

Earl Connors, President and CEO, stated: “The CSE listing represents a significant corporate milestone for RMMI and accelerates our plan to enhance shareholder value by increasing liquidity and exposure to investors. Today’s announcement is a significant accomplishment, highlighting the progress our management team and Board have made in executing the Company’s strategic vision. We are grateful for the assistance provided by the CSE team in making this happen and excited to enter this next phase of our corporate evolution.”

The company, through its wholly-owned subsidiary, Rocky Mountain Marijuana, is a late stage applicant under the Access to Cannabis for Medical Purposes Regulations and is in the process of obtaining the requisite license to commence cannabis production and operations.

The company will use aeroponic systems, which are free of pots and soil, a leading source of disease and pests, to cultivate cannabis.

Aeroponic systems suspend a plant's roots in the air, allowing them to freely accept moisture and nutrients and absorb oxygen and CO2.

The company will use an automated and programmed system which delivers moisture and nutrients directly to the roots, ensuring optimum exposure to the vital ingredients needed to flourish.

Moisture that is not absorbed by the roots is recycled and re-filtered, vastly reducing the amount of water required during cultivation.

Rocky Mountain intends to produce high-purity, organic-quality cannabis oils, using CO2 extraction.

Rocky Mountain has signed a medical cannabis supply agreement with Namaste Technologies’ wholly-owned subsidiary Cannmart Inc., whereby Cannmart will purchase medical cannabis from Rocky Mountain to offer in its online medical-cannabis marketplace.

The medical cannabis supply agreement contains standard rights and obligations by each of Cannmart and Rocky Mountain including termination rights by either party.

Earl Connors, President and CEO, added: “We are extremely pleased to have been chosen as a supplier to Cannmart. RMMI’s goal of supplying the highest organic-quality cannabis products by “Blending Science with Nature” and using aeroponics cultivation systems, complements Namaste’s approach to employing advanced technology to best serve its rapidly-growing customer base. RMMI looks forward to exceeding Cannmart’s expectations and expanding its relationship with Namaste.”

The company recently closed an Initial Public Offering, raising gross proceeds of approximately $4.4 million through the placement of 1,765,700 shares at a price of $2.50 per share.

The financing was led by Canaccord Genuity, with Haywood Securities as co-agent.

The shares are currently trading at $2.45.

For more information, please visit the company’s website at www.RMMI.ca, contact Earl Connors, President & CEO, at 403-984-6446 or email ir@RMMI.ca.

I’m Megan Edwards for Investmentpitch Media