Chemesis (CSI.C) will manufacture Dragonglass in Puerto Rico

Fans of the TV show Game of Thrones know that Dragonglass is a hard substance capable of killing White Walkers.

Today we are talking about a different “Dragonglass” – whose powers are not mortal – but healing.

On January 17, 2019 Chemesis International (CSI.C) announced that its subsidiary Natural Ventures has entered into a licensing agreement to produce Dragonglass (Flake & Bake) for GSRX Industries.

Natural Ventures is a Puerto Rico based medical cannabis company, with 100,000 ft2 of cultivation and 35,000 ft2 of manufacturing and extraction facilities. The company is currently delivering product to about 90% of the dispensaries in Puerto Rico (pop. 3.35 million).

Dragonglass is patented THC powder or flake. It promotes consumption of cannabis in a variety of different methods, flavors and colors.

Dragonglass Features:

  • all natural
  • no sugar
  • zero calories
  • no fat
  • no alcohols
  • 100% vegan.

The powder/flake is produced via a “water-based cannabinoid infusion method”.  One of the key features of Dragonglass is that the effect can be felt within 7-15 minutes.

Dragonglass comes in mint, cinnamon, lemon-lime and Cayenne for cooking.  It can be administered sublingually (under the tongue) ingested, micro-dosed, and added to foods or drinks.

“With so many medical and adult-use customers asking for a health-and-wellness cannabis products that can be consumed orally, Dragonglass is the ideal solution for the global market place.”

Dragonglass is a base-line ingredient – like flour or yeast- from which 100s of different culinary products can be manufactured.

GSRX Industries (GSRX.OTC) is one of Puerto Rico’s biggest medicinal cannabis dispensaries.  They operate under the brand name Green Spirit RX, with five medicinal cannabis dispensaries on the island, located in prime areas with large local populations and close to tourist centers.

In 2019, Green Spirit RX expects to open five additional locations in Puerto Rico.

GSRX will provide formulas, equipment, technology, and training to manufacture Dragonglass at Natural Ventures’ Puerto Rico facility.  Under the agreement, Chemesis and GSRX will split the profits 50/50.

Chemesis recently withdrew $500,000 from the previously announced $25 million equity facility from Alumina Partners – a New York based private equity firm.

To cover the half million CSI issued 384,615 shares @ $1.30 while issuing 384,615 full warrants @ $2.45 – exercisable for the next 5 years.

On October 16, 2018, (the day before cannabis was legalised in Canada) Chemesis traded at an all-time-high of $1.98   It slumped to .80 on December 24, 2018 and has been surging hard since then.

Why the recent bullish chart action?

On January 14, 2019 CSI announced the launch of its cannabis beverage division in Puerto Rico through Natural Ventures – an 80% owned subsidiary.

The initial launch of these all-natural ingredient products will include an energy shot, a sleep shot, and a calming shot,” stated CSI – underlining the freakish versatility of cannabis plant.

CSI has 4 main branches of operation:

  • Cultivation:  grow facility in Puerto Rico with 30,000+ lb overall grow capacity. Grow opportunities currently under review in California.
  • Manufacturing: extractions, formulations & products, specializing in BHO, Alcohol & CO2 extraction with the current capacity of over 2000 lbs of raw material a day.
  • Distribution: with new regulations impacting the California market, CSI aims to be a fully compliant distributor. In Puerto Rico market, CSI serves the entire island from seed to sale.
  • Retail:  Actively engaging retail storefronts in the California market while working to open branded shops in multiple marketplaces.

CSI is also collaborating with filmmaker Kevin Smith and “Silent Bob”.

Chris Parry considers Kevin Smith “One of the top three best endorsement targets (for a cannabis company) in the world today.”

@jayandsilentbob used to sell weed in the movies,” wrote Mr. Smith in recent Instagram post, “Now, thanks to the good folks at @chemesis.tv , Jay and Silent Bob are selling weed in real life!

Dragonglass will be available exclusively at Green Spirit RX dispensaries throughout Puerto Rico.

“Chemesis believes the patent-pending proprietary Dragonglass technology could revolutionize the industry in Puerto Rico with its fast onset and versatile methods of consumption,” stated the CEO of Chemesis, Edgar Montero.

According to Game of Thrones scientist, Maester Lusin, “Dragonglass was forged in the fires of the gods, and the children of the forest hunted with it.”

Chemesis has been hunting too.

For new dispensaries.

New ground to grow cannabis on.

New distribution deals.

New celebrity endorsements.

Now they have THC powder called Dragonglass that can be turned into almost anything.

But CSI is not just sitting on its throne.

Chemesis is using Puerto Rico to incubate a variety of products, before expanding into international markets.

Full Disclosure: Chemesis is an Equity Guru marketing client, and we own the stock.

Disclaimer: ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

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