StickIt Technologies Inc Announces Reorganization in StickIt Thailand Ltd and StickIt Spain SL Ltd with reduction of significant expenses

"The world's cannabis industry is facing many challenges - which affects most companies in the industry and probably affects the share value.  It is necessary to reduce costs and try to increase our technology sales worldwide. These actions will save the company about $120,000 CAD a year," concluded  Eli Ben Haroosh, CEO of StickIt Technologies Inc. "The world's cannabis industry is facing many challenges - which affects most companies in the industry and probably affects the share value...

VANCOUVER, BC, 24/06/2024 (informazione.news - comunicati stampa - salute e benessere)

"The world's cannabis industry is facing many challenges - which affects most companies in the industry and probably affects the share value.  It is necessary to reduce costs and try to increase our technology sales worldwide. These actions will save the company about $120,000 CAD a year," concluded  Eli Ben Haroosh, CEO of StickIt Technologies Inc.

The CEO went on to say that during Q3 2024, StickIt's Research Unit will produce the special THC straw for mass creation.

StickIt is a technology company that invented and manufactures innovative products ("devices") that can contain varying quantities of CBD/THC for recreational and medical cannabis users. Its operating model is to establish joint ventures/licensees ("partners") in countries around the world that will establish a production facility in which they will add the cannabinoid content to the "sticks" and "straws" produced and supplied by StickIt. The Company's precise dosing options cater to a wide range of effects, including painkilling, energizing, focus, sleep improvement, etc., and can be tailored to meet local preferences and regulations. StickIt Technologies serves customers worldwide.

Ripco, known for its innovative cannabis products, brings popular brands like StickIt and StripIt to the Canadian market. StickIt is an infused stick designed to enhance the performance of prerolls, promising to take user experiences to new levels – just StickIt!

 

Eli Ben Haroosh, CEO
 info@stickit-labs.com

Sophie Galper , CFO
 sophie@stickit-labs.com

Website: www.stickit-labs.com
Facebook: @Stickit
Twitter "X": @STICKIT74776509
LinkedIn: @Stickit-labs

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