NEWS RELEASE | Wednesday, May 23rd, 2018
Cerus Energy Group (TSXV:CEA) (“Cerus” or the “Company”) is pleased to report, as part of the company’s new business plan, Camarico Group’s subsidiary Camarico Land & Development Corporation has successfully completed the re-zoning of its 320-acre leased land position in the County of Vulcan to “Direct Control.” The “Direct Control” designation will allow for the licensing and future cultivation of both medical and recreational marijuana, and the development of supporting infrastructure, key technologies and fully-compliant growing facilities.
Camarico is planning to use the large land base of the Vulcan land lease area as the backbone for growth and expansion in the emerging medical and future recreational marijuana industry. Comarico’s goal is to provide the highest quality product on an industrial scale, at an industry leading “cost-per-gram” production cost, through the unified efforts of talented personnel, a progressive municipality, and the uniquely integrated and highly efficient platform of Camarico.
Camarico Land & Development intends to file a development application with the County of Vulcan for a multi-phase land and facility development strategy in the coming weeks.
Vulcan County is strategically located between Calgary and Lethbridge with access to great local talent from the immediate rural areas, including the towns of Arrowwood, Mossleigh, Carseland, Vulcan, Strathmore, Okotoks and High River.
According to Cerus Energy CEO R. Mackenzie Loree:
"We are pleased to have the opportunity to work with the County of Vulcan and its residents in this landmark project for Camarico. This project will provide long-term economic opportunities and growth to the area through innovation and scale in a world-class industry”
For more information on Cerus and the Camarico Group operations please visit the web site at: www.camarico.ca.
About Cerus Energy Group
Cerus Energy Group is a Tier 2 Canadian-based oil and gas exploration company trading on the TSX Venture Exchange with property assets in both Alberta and Saskatchewan.
About Cerus Energy Group's Subsidiary Companies
Texalta Industries Ltd. and Lomac Canada Ltd. are wholly owned subsidiary company's serving various sectors of the oil and gas industry in the Province of Alberta. Maverick Northstar is a private joint venture company between Petrostar Petroleum Corp. of Alberta, Canada and Maverick Synfuels Inc of North Carolina, USA. Maverick Northstar is a chemical processing company focused on improving the value of methane through the production and utilization of methanol in Western Canada located in the province of Alberta. Petrostar holds 60% ownership of Maverick Northstar shares. For further information, please contact:
Mackenzie Loree, CEO
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Certain information in this news release is forward-looking within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to the Company’s beliefs, plans, expectations, anticipations, estimates and intentions. The words “may”, “could”, “should”, “would”, “suspect”, “outlook”, “believe”, “anticipate”, “estimate”, “expect”, “intend”, “plan”, “target” and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company’s expectations as of the date of this news release. The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from a conclusion, forecast or projection in such forward-looking information include, among others, risks arising from general economic conditions and adverse industry events.
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THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION ON AT ANY PARTICULAR TIME.