(TheNewswire)
Vancouver, British Columbia – TheNewswire - January 28, 2021 - Gnomestar Craft Inc. (CSE:GNOM ) , ( FSE:1JV1 ) , ( OTC:VDQSF), (CNSX:GNOM.CN) (“Gnomestar” or the“Company") announces its decision to expand production based onoverwhelming positive response to its craft cannabis and formalwarrant exercise notices from current shareholders.
In the past six months, Gnomestar has produced what hasbeen described by our distribution channels as some of the best craftcannabis available on the market today. We highly commend ourproduction team and Shelter Inc. for this achievement.
The reception to our craft products has resulted insignificant interest in the company’s shares and we have receivedcommitments for $115,000 in warrant exercise proceeds which willenable the Company to complete an expansion to its vegetation capacity- in effect doubling its current output.
To date we have shipped 105 kg including 61.5 kg of oursignature hand trimmed Meat Breath cultivar to the BC and Albertarecreational market and Canada-wide to medical patients.
The Company invites all shareholders to a conferencecall after the release of its Third Quarter Financial results. Further details for this conference call will be announced in thelast week of February 2021 and posted to our new website to belaunched next week:
https://www.gnomestarcannabis.com
The Company
Gnomestar is located in Delta B.C. and operates afacility specifically designed for small batch cannabis production.The growing team evolved from the early stages of the MMAR to nowbeing a federally licensed cannabis producer processor under theCanadian Cannabis Act. Our mandate is to provide the best cannabisexperience to our customers.
For further information pleasecontact:
Mark Lotz, Chief Executive Officer and CFO
Gnomestar Craft Inc.
Email: mark@vodis.ca
.
Neither the Canadian Securities Exchange nor itsregulation services provider accepts responsibility for the adequacyor accuracy of this release. No stock exchange, securities commissionor other regulatory authority has approved or disapproved theinformation contained herein.
Forward-LookingInformation : This news release contains“forward-looking information” within the meaning of applicablesecurities laws including statements relating to the outlook of thebusiness of the Company, the planned expenditures for upgrades andother renovations at the Company’s facilities in Delta, BC. Althoughthe Company believesconsidering the experience of its officers and directors, currentconditions and expected future developments and other factors thathave been considered appropriate, that the expectations reflected inthis forward-looking information are reasonable, undue reliance shouldnot be placed on them as the Company can give no assurance that theywill prove to be correct. Actual results and developments may differmaterially from those contemplated by these statements, depending on,among other things, the risks that the private placement financingsmay not close for any reason (including the failure to obtain therequired approvals or clearances from regulatory authorities) or thatthe terms of the private placement financing may differ from thosethat currently are contemplated. The statements in this news releaseare made as of the date of this release. The Company is under noobligation, and expressly disclaims any intention or obligation, toupdate or revise any forward-looking statements, whether as a resultof new information, future events or otherwise, except as expresslyrequired by applicable law.
NOT FOR DISSEMINATION IN THE UNITEDSTATES OR THROUGH UNITED STATES NEWSWIRE SERVICES
Copyright (c) 2021 TheNewswire - All rights reserved.