Chemistree to make interest payment on 10% convertibles in shares

By Wendy Van Sickle

Columbus, Ohio, June 13 – Chemistree Technology Inc. will pay the interest due June 30 on its outstanding 10% convertible debentures via the issuance of common shares in lieu of cash, the company said in a news release on Monday.

Currently, the principal amount is C$7,789,000 and the conversion price is C$0.50 per share.

Chemistree Technology is an investment company with holdings in the U.S. cannabis sector and a consumer-targeted biotechnology venture. The company is based in Vancouver, B.C.

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