$CSUI The biggest issue in Switzerland is to find
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The prices on weed have been dumbing in Switzerland, so in order to get a part of the market we have to reduce the price and produce more weed. For the EU market we will make an additional product line with dietary supplements, cosmetic, soft drinks etc.
In 2021 we will organize our working process involving first outdoor field to make 16,000 kg of raw material for our oil production."
When asked what investors should be looking for from CSUI as well as how the Swiss and EU cannabis space might change over the next year, Parrick commented, "There are coming big changes in the EU regulative connected with cannabis nowadays, but in some countries the healthcare department treats CBD only as a medical product and will not allow it as Diet Supplements or Food Supplies. So people can only buy CBD on the internet under their own responsibility. However, we managed to launch the import of CBD-vape oil and Sativa hemp flowers to EU as B2B and direct shops sales. Cannabis Suisse Corp. has forward-looking plans to expand outside Switzerland developing customized products. Some European countries like Germany, Denmark, Malta, Greece, and Italy discussed the possibility of creating a completely regulated cannabis market by 2028. Furthermore, Luxembourg intends to introduce a regulated market for adult use of cannabis by 2023.
Based on all of the above advantages of the Company's products, the situation in the European market and forthcoming amendments to the legislation, the Company's decision to launch new product lines and enter the EU market is more than an appropriate and timely one."
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