Keystone joint venture with Chroma
Updated: Nov 2, 2020
Keystone Isolation Technologies Inc. | On July 19, 2018, HEXO entered into a joint venture with Chroma Global Technologies Inc. (“Chroma”) to carry on a cannabis extraction business applying Chroma chromatography extraction solutions to carry out cannabis and hemp extraction on an industrial scale. The joint venture, Keystone Isolation Technologies Inc (“KIT”) will be a critical component in HEXO’s plans to enter the U.S. CBD market.
"Keystone Isolation Technologies Inc (“KIT”) will be a critical component in HEXO’s plans to enter the U.S. CBD market."
As at the date of this report, KIT’s management is still being assembled and implemented. The board is comprised of 5 members as follows; Taras Korec Sr. VP of Procurement at HEXO, James McMillan, VP of Business Development at HEXO, Mohammed Max Alsayar, IP and Compliance Manager at HEXO, Rene David of Chroma and Fake (Frank) Zhu of Chroma.
Hexo Corp. (HEXO) SEC Filing 40-F Annual Report for the fiscal year ending Wednesday, July 31, 2019. Page 10-11. https://last10k.com/sec-filings/hexo