Gnomestar Announces Warrant Exercise and Expansion


Vancouver, British Columbia – TheNewswire - January 28, 2021 - Gnomestar Craft Inc. (CSE:GNOM), (FSE:1JV1), (OTC:VDQSF), (CNSX:GNOM.CN) (“Gnomestar” or the “Company") announces its decision to expand production based on overwhelming positive response to its craft cannabis and formal warrant exercise notices from current shareholders.


In the past six months, Gnomestar has produced what has been described by our distribution channels as some of the best craft cannabis available on the market today.  We highly commend our production team and Shelter Inc. for this achievement.  


The reception to our craft products has resulted in significant interest in the company’s shares and we have received commitments for $115,000 in warrant exercise proceeds which will enable the Company to complete an expansion to its vegetation capacity - in effect doubling its current output.


To date we have shipped 105 kg including 61.5 kg of our signature hand trimmed Meat Breath cultivar to the BC and Alberta recreational market and Canada-wide to medical patients.


The Company invites all shareholders to a conference call after the release of its Third Quarter Financial results.  Further details for this conference call will be announced in the last week of February 2021 and posted to our new website to be launched next week:


The Company  


Gnomestar is located in Delta B.C. and operates a facility specifically designed for small batch cannabis production. The growing team evolved from the early stages of the MMAR to now being a federally licensed cannabis producer processor under the Canadian Cannabis Act. Our mandate is to provide the best cannabis experience to our customers.


For further information please contact:

Mark Lotz, Chief Executive Officer and CFO       
Gnomestar Craft Inc.




Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.


Forward-Looking Information: This news release contains “forward-looking information” within the meaning of applicable securities laws including statements relating to the outlook of the business of the Company, the planned expenditures for upgrades and other renovations at the Company’s facilities in Delta, BC. Although the Company believes considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them as the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements, depending on, among other things, the risks that the private placement financings may not close for any reason (including the failure to obtain the required approvals or clearances from regulatory authorities) or that the terms of the private placement financing may differ from those that currently are contemplated. The statements in this news release are made as of the date of this release. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.




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