Code Cannabis Investments Acquires Upstate New York Certified Organic Farm for Hemp CBD Cultivation

Code Cannabis Investments Signs Definitive Agreement to Establish Foothold in Lucrative Hemp CBD Market Forecasted to Reach $16 Billion in Revenue by 2025

Codebase Ventures Inc. (CODE.CN)(C5B.F)(BKLLF), is pleased to announce that its wholly-owned subsidiary, Code Cannabis Investments, has executed a definitive agreement to acquire certified organic land in upstate New York for $125,000.00 USD with the intent to grow organic hemp for CBD extraction.

The newly acquired farm is located in New Berlin, New York among the foothills of the Catskill Mountains. This region is rich in farming and distribution infrastructure with Chobani brand yogurts who also hold nearby operations in New Berlin. The certified organic land has its own natural streams and falls offering several ideal building sites with potential plans for an on-site extraction facility.

Codebase Ventures Inc. has a mission is to make strategic investments in emerging sectors and markets, including cannabis and technologies such as blockchain and cryptocurrencies, where innovative business models and technologies have the potential to be transformative and deliver the greatest value to shareholders. Codebase Ventures Inc. is a hands-on team of entrepreneurial and technology experts who invest early in great ideas. The Company operates from the understanding that emerging sectors including cannabis and technology are evolving rapidly, bringing early opportunities for strategic investments that can deliver the exponential returns to shareholders.

President and CEO of Code Cannabis Investments Mr. Zach Stadnyk was excited about the acquisition and shared the following regarding the farm purchase. “We see this farm as a hub for the Company on the East Coast, beginning with production and extraction in partnership with other companies and the potential development of our own organic hemp and hemp-derived CBD brands.” Stadnyk continued, “With the natural water sources, we will explore hemp derived CBD water products as well, noting that the legislation New York is pursuing indicates that hemp derived CBD infused beverages will be possible, and we are excited about the opportunities to differentiate ourselves by being certified organic.”

New York is becoming a significant hemp producing area which has been validated by new legislation underway and investments from companies such as Canopy Growth’s purchase of a 48-acre farm in April this year dedicated to hemp-derived CBD extraction. Pending legislation in New York State has been designed in part to encourage hemp farming in that State’s rich agricultural communities as it is a cash crop that can provide jobs and stimulate growth.