Visionstate Portfolio Company Freedom Cannabis Inc. Signs a New Deal to Expand into Extraction Services
May 18 2021 - 8:20AM
Visionstate Corp. (TSXV: VIS) (“Visionstate” or
“Company”) is pleased to announce that Freedom Cannabis Inc.
(“Freedom”), a portfolio company of Visionstate Corp., has entered
into a non-binding Memorandum of Understanding with one of Canada’s
leading extraction companies, Cannabis Tolling Solutions (“CTS”),
to collaborate on strategic business opportunities, including
establishing an extraction division of Freedom Cannabis Inc. and
other partnership opportunities that leverage the respective
strengths of the two companies.
CTS’s leading cannabis-extraction expertise and
experience paired with Freedom’s vertically-integrated
state-of-the-art cannabis production and sales capabilities will
result in developing and operating top-tier extraction services
within Freedom’s facilities.
“Freedom Cannabis Inc. is extremely proud of our
cannabis products, highly-valued for their quality, strain
popularity, and THC content. We have no doubt the addition of CTS
2.0 products will continue to achieve Freedom’s level of standards
for quality and popularity,” said Gianfranco Potestio, Freedom’s
CEO. “We are excited to explore this collaboration with CTS to
deepen our vertical integration, broaden our product range into
extract solutions, and create new revenue streams with experienced,
innovative, and award-winning partners. We look forward to
developing new, world-class extract products with the CTS
team.”
About CTS
CTS is a privately-held, world-class extraction
group with industry accolades and international awards for its
top-shelf extracts products in the legal market, gray market, and
cannabis events. In addition to being one of the most
knowledgeable, dynamic, and well-connected cannabis consultants in
Canada, with a long history in all facets of the cannabis industry,
CTS CEO Andrew Freedman is a well-known author, personality, and
cannabis sommelier (https://thecannabissomm.com). He has written
for and been featured in many international publications, including
High Times, The Globe and Mail, The Hollywood Reporter, LA Weekly,
and many more. Andrew’s book “Terpenes for Wellbeing” was published
in April 2021 and is currently on the Amazon bestseller list. One
of the first people certified in Cannabis Edibles & Cuisine by
the American Culinary Federation, Andrew writes, hosts events, and
teaches seminars on cannabis and wine pairing, cannabis cocktails,
and cannabis dining. He also leads several social media channels
and hosts a podcast “Beers with Buds”.
About Freedom CannabisFreedom
Cannabis Inc. is a vertically-integrated cannabis company,
employing more than 60 people, focused on producing the
highest-quality cannabis. Freedom has cultivation, processing, and
packaging capabilities for its proprietary cannabis products and
contract services for third parties. Freedom operates in a
state-of-the-art, 120,000 square foot indoor production facility in
Acheson, Alberta. Freedom believes in environmental sustainability
and has built Canada’s largest solar rooftop facility, reducing
impact on the electrical grid. In addition, Freedom utilizes an
automated watering system that recycles water, provides better
water management, and minimizes impact on the area's utilities.
Finally, Freedom implements automation in every production area to
reduce the workload for its people and allow the company to do more
for its consumers.
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a
growth-oriented company that invests in the research and
development of promising new technology in the realm of the
Internet of Things, big data and analytics, and sustainability.
Through Visionstate Inc., it helps businesses improve operational
efficiencies, reduce costs and elevate customer satisfaction with
its state-of-the-art devices that track and monitor guest
activities and requests. The footprint of its WANDA™ smart device
now extends to hospitals, airports, shopping centres and other
public facilities across and beyond North America. Through
building-up a collection of synergistic technologies, Visionstate
Corp. will continue to innovate, reduce environmental impact, and
transform consumer experiences.
Issued on behalf of the Board of Directors,“John A. Putters”
Visionstate Corp.
To learn more, please
contact: |
Visionstate Corp. |
CHF Capital Markets |
Website: www.visionstate.com |
John Putters, CEO |
Perry Rapagna |
Twitter: @visionstate |
(780) 425-9460 |
(416) 868-1079 x 230 |
Facebook: @visionstate |
jputters@visionstate.com |
perry@chfir.com |
LinkedIn:@VisionstateCorp. |
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