In a recent interview with Karl Kottmeier, the president and chief executive officer of Chemistree Inc., commented on Chemistree’s initiatives. Here’s the exclusive interview by PublicWire.com.
“Chemistree is based in Vancouver. We are a group of guys who put together this opportunity; strictly in the United States, we started off in Washington state where we bought the assets underlying a Washington state 502 licensees and acquired Sugar Leaf Brand through that transaction.”
Accordingly, Chemistree expanded into Northern California with a partnership in a processing facility. Also, the company bought 10 acres in desert hot springs in the green zone and received approval to go ahead with plans and ultimately construction on a 125,000 total square foot Greenhouse and a 40,000 square foot processing facility. “We are really excited about that, and we’re busy as can be with those initiatives,” said Kottmeier.
Desert Hot Springs is the popping place from what I hear in Southern California I mean they’re going after it aren’t they?
“It’s fantastic! The development there is really tremendous, and the support from the local community and local government has made it an easy place to locate and do business. They set up some tax laws that make a lot of sense. So we’re really happy to be there.”
It’s all over the web right now tell me what’s going on in New Jersey; you guys cut a deal over there didn’t you?
“[Yeah] We were very fortunate to have access to provide some support to some friends who’re making an application in New Jersey for what ultimately is a fully integrated license. We are there to provide support and money for them as they need it.”
The Sugar Leaf brand is already doing so well already in California and Washington state, do you think it is gonna be a huge hit in New Jersey as well? It’s a tight market with; I believe only 12 locations.
“[Yeah] It is in a growing market for sure. Brands are important and we think Sugar Leaf has been well received in Washington state and I believe we did a good job of turning it around. The brand was quiet for a while and has returned to a place of prominence in the west coast market. I also think it brings a west coast flair to the east coast market and certainly being able to bring a Humboldt product to their markets is exciting for us.”
Well, as we know, the coasts are all about the green business right now. Where do you see the Cannabis business going? Let’s just say in the next five years?
“Without question, I think the Dynamics of the US market are compelling. Every state is different, but there is a knowledge base expanding across the country for the different products and how to use them. Older people are not interested in THC; they are interested CBD as an anti-inflammatory or pain product what have you; so it’s a dynamic market legally and for entrepreneurs to build a business in. We are really excited, as we mentioned we set out to do business in the United States and that is what we are doing from here on.”
Do you believe that you will expand let’s say Sugar Leaf all the way through oils, Edibles, and CBD? Will Sugar Leaf be the major brand for all of this?
It will be our dominant brand moving forward, we can white label or make sub-brands in the future but I think CBD is a huge market.