Chemistree Technology is gathering cannabis assets in the US as federal marijuana legalization looms large
Chemistree’s key asset is the Sugarleaf brand, a Washington state-based product line of high-quality flower. Purchased in December 2018, for US$1.3 million, the company increased cultivation by 200% and retail distribution by 400% to hit revenue targets of around US$1.2 million in 2019.
It also owns prospective cannabis cultivation lands in California and recently closed the acquisition of Applied Cannabis Sciences, giving Chemistree a foothold in New Jersey.