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Discover Wellness Files Q2 2021 Financial Statements, Clarifies the Volume of Hemp Purchased from SynerGenetics and Provides Other Updates

Retrieved on: 
Wednesday, September 1, 2021

The Company wishes to clarify the volume of hemp it has purchased from SynerGenetics Bioscience Inc. ("SG").

Key Points: 
  • The Company wishes to clarify the volume of hemp it has purchased from SynerGenetics Bioscience Inc. ("SG").
  • In December 2020, Discover Wellness took possession of 550,000 lbs of high-CBD hemp from SG.
  • The SG hemp purchase agreement has been completed as it relates to the volume of hemp to be purchased from SG and no other hemp is planned or required to be purchased from SG.
  • Discover Wellness (formerly RMMI Corp.) is a Canadian company licensed, through its subsidiary, to cultivate, produce, process and sell cannabis in various forms.