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Wednesday, September 27, 2023

Gaia Grow reports July sales of $258,000 of Canadian cannabis extracts

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Vancouver, British Columbia – The Newswire – August 9, 2022 Gaia Grow Corp. (“the Company” or “Gaia”) (CSE: GAIA) (Frankfurt: GG0) is pleased to announce that the Company made a one-time sale of $215,000 worth of cannabis from its 2019 crop in July. Gaia’s subsidiary TruExtracts Laboratories (“TRU”), has completed its first wholesale delivery of its products. An initial order of 2 kg of cannabis extracted without solvents was shipped with revenue of $28,000 obtained, and a second order was shipped to generate another $15,000.

Shipments are expected to continue on a regular basis and to increase as the facility begins expanded production and sales efforts.

With the receipt of the sales adjustment, the company began the steps for commercial production of cannabis. Test samples have already been sent out on many chewy foods. TRU has also begun testing and producing spaced out hemp foods.

Frederic Beals, CEO of Gaia, said: “TRU is now beginning to generate revenue and bring products to market. The products manufactured here are exceptional and I fully expect to see strong growth with increased sales and production. I look forward to sharing TRU’s progress with shareholders.”

“We expect to see huge market demand for quality products manufactured here at TRU.” Andre Sinclair, COO of TRU, said: “In anticipation of strong sales growth prospects, we are working quickly to create shelf-ready products as well as continue to develop additional products for launch in the near term.”


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