Gaia expands TRU Extracts laboratory and completes acquisition of Canna Stream
Vancouver, British Columbia – The press wire – July 07, 2021 – Gaia Grow Corp. (the “Company” or “Gaiaâ) (CSE: GAIA) (CNSX: GAIA.CN) (Frankfurt: GG0) has started the expansion of its extraction laboratory – TruExtracts (Calgary) Inc. (âTRU“). The square footage will increase from 11,672 square feet to 28,526 square feet. The additional floor space will be used to add more treatment rooms, extraction capacity and facilitate the deployment of the treatment technology developed by Canna Stream Solutions Ltd. (“CSS“).
All of the laboratory’s processing rooms are currently occupied for product manufacturing. The expansion is expected to meet the expected volume and ensure short-term extraction and production capacity.
âWith the current processing space at full capacity, this expansion will allow the launch of a host of new products currently under development,â said Andre Sinclair, COO of TruExtracts. âThe expansion also allows for a good integration of Canna Stream and gives us the footprint for extraction on an industrial scale. “
Acquisition of Canna Stream Solutions Ltd.
Debt settlement
The Company also announces that it has settled an unpaid debt of $ 37,500, owed to an arm’s length creditor, in consideration for the issuance of 750,000 common shares at a deemed price of $ 0.05 per share. The shares are subject to a legal retention period of four months and one day following their issue.
More information can be found at https://truextractslabs.com/
For more information, please contact:
Frederick Pels, President and CEO
The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.
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