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CanadaBis Capital Acquires High-quality Cannabis Extraction Company "Full Spectrum Labs"
CanadaBis Capital Acquires High-quality Cannabis Extraction Company "Full Spectrum Labs" ...
About this update from Canadabis Capital, Inc.
[{"type":"text","content":"\n\n\n\n\nCanadaBis Capital Acquires High-quality Cannabis Extraction Company \"Full Spectrum Labs\"\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, July 24, 2019\n\n\n\nTSX-V: CANBwww.canadabis.com\n CALGARY, July 24, 2019 /CNW/ - CanadaBis Capital Inc. (\"CanadaBis\" or \"the Company\") has acquired Full Spectrum Labs Ltd., a private corporation which holds intellectual property (IP) and the physical equipment for an extraction methodology to preserve all of the phytocannabinoids and terpenes from cannabis by utilizing an extreme low-temperature process to create the Company's future concentrates. This method will allow the Company to produce a unique variety of finished goods such as tinctures, vapes and oils. With Full Spectrum Labs' processes and IP, CanadaBis and its subsidiary 1998643 AB Ltd. (\"Stigma Grow\") will be able to provide a clear concentrate to the market; giving the consumer a cleaner choice for consumption. With this acquisition, CanadaBis will also be in position to start accepting third-party material from other cannabis licensed producers for toll processing to increase its current cash flows and provide the market with alternative concentrates or oils.\n\n \n \n\n \nThe Company will operate the extraction assets within Stigma Grow's cultivation and processing facility, located in Red Deer, Alberta. The extraction staff will be retained and integrated into the Stigma Grow operations with a focus on expanding the entire Stigma Grow product line. This will provide the Company with three extraction methods (hydrocarbon, ethanol, solventless) to address current and future demand. The low-temperature extraction will preserve natural cannabinoids, increase yields and eliminate many of the operating costs traditionally associated with alternative processes.\nThis new methodology will allow the Company to bring forward a variety of new products to the cannabis and hemp markets that have not been altered by high heat or other solvents — which can degrade the quality of cannabinoids....