Goldrea Resources Corp. (“Goldrea” or the “Company”) is pleased to announce the signing of a binding Letter of Intent (“LOI”) with XChemistry Holdings, Inc. (“XChemistry or XChem”) headquartered in San Diego, California. The primary business of XChemistry is focused on providing compliance testing for cannabis products. On January 1, 2018, new cannabis guidelines became effective in the state of California, after legalizing its recreational use. It is XChem’s plan, partnering with Goldrea, to build a laboratory testing facility in the Greater Los Angeles area. The lab is expected to be completed in a minimum of four months, and after city and state requirements are fulfilled, be fully operational approximately two months following.
Read more
Goldrea Enters into Letter of Intent with XChemistry, a provider of Compliance Testing for Cannabis Products
