Vancouver, British Columbia - TheNewswire – August 4, 2021 – Gaia Grow Corp. (the “Company” or “Gaia”) (CSE:GAIA) (CNSX:GAIA.CN) (Frankfurt:GG0) is pleased to announce that its wholly-owned subsidiary, Canna Stream Solutions Ltd. (“CSS”), will be receiving funding of up to $60,000 from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) through its Youth Employment Program.
With the financial assistance from NRC IRAP, CSS will be able to hire and train two young Canadian scientists to support development and design of pilot and demonstration scale facilities at TruExtracts existing operation in Calgary using CSS’ novel green cannabinoid extraction technology.
We are pleased to announce Olga Kravchenko, M.Sc. (University of Calgary) and Amy Li, B.Chem. Eng. (Dalhousie University) as new additions to the CSS team.
In addition, with support from NRC IRAP, CSS has benefitted from the services of Tech-Access Canada and its Interactive Visits (TAC iv) program to partner with The Centre for Natural Products and Medical Cannabis at Loyalist College for the analysis of extracts produced by CSS cannabinoid extraction technology.
TruExtracts laboratories was created for high-capacity extraction to meet global demand. TruExtracts is one of Western Canada’s largest cannabis and hemp processors, this state of the art facility in Calgary features supercritical carbon dioxide CO2, ethanol, butane, and pentane and solventless extraction. Health Canada licensed and operational. Expansion is underway to a footprint of 28,526 square feet. Services include toll processing, THC, CBD extractions and isolates, as well as white label service and cannabis THC and CBD products.
More information can be found at https://truextractslabs.com/
Canna Stream Solutions Ltd.
CSS is developing critical technologies for storing, transportation and processing of cannabis waste (physical and chemical). Most notably, they have filed a US provisional patent application in the chemical extraction and fractionation of Cannabinoids and monoterpenes from cannabis flower and biomass utilizing their solvent system that is significantly more efficient than ethanol. This gives CSS the ability to significantly manage costs of high throughput processing and extraction of cannabis and Hemp biomass.
About Tech-Access Canada
Tech-Access Canada is the national network of Canada's 60 Technology Access Centres (TACs). The network enables the TACs to serve any company, anywhere in Canada, and help them access the expertise, equipment, and facilities they need to solve their innovation challenges.
About the Centre for Natural Products and Medical Cannabis
The Centre for Natural Products and Medical Cannabis is a TAC at Loyalist College funded by the Natural Science and Engineering Research Council of Canada (NSERC) to help innovative Canadian firms leverage government funding programs and supports for our services. The Centre specializes in working with start-ups and small and medium enterprises in the natural products and cannabis sectors, to help them develop, scale-up and commercialize their ideas, products, and processes.
The Company will be diligently posting updates through videos from the official company YouTube channel https://www.youtube.com/channel/UC7tbvsY5gl2CrlsESYkbbgw
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
CAUTIONARY AND FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Forward-looking statements and information are often, but not always, identified by the use of words such as “appear”, “seek”, “anticipate”, “plan”, “continue”, “estimate”, “approximate”, “expect", “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could", "might", “should”, “believe”, “would” and similar expressions.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the hemp industry in general such as operational risks in growing; competition; incorrect assessment of the value and potential benefits of various transactions; ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals and changes in legislation, including but not limited to tax laws and government regulations. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release.
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