Stil is setting up the profit potential.
Ministry of Entrepreneurship and Technology Approves Grant
VANCOUVER, BC / ACCESSWIRE / October 1, 2019 / Stillcanna Inc. (OTC PINK:SCNNF) (CSE:STIL) (FRANKFURT:A2PEWA) ("STIL" or the "Company") would like to announce through its Polish subsidiary Olimax, it has been granted relief from corporate income tax for up to 15 years from the Ministry of Entrepreneurship and Technology.
The Ministry of Entrepreneurship and Technology bases the tax relief upon qualifiable investment into Poland by the Company. Stillcanna's Horizon extraction facility is planned to be built in a special economic zone that is very close to the Company's existing facilities. Up to 55% of the Company's capital investment can be off set with the corporate tax relief. Qualifying investments include land, building, architectural and engineering costs, machinery and equipment.
"The Ministry's mandate to stimulate entrepreneurship and technology in Poland was designed also to attract foreign investments from companies like Olimax and Stillcanna," stated Ms. Jadwiga Emilewicz the Minister in Charge. " We look forward to working with Stillcanna's management on this project.
Ms. Jadwiga Emilewicz the Minister in Charge presented Stillcanna's CEO Jason Dussault with the official ruling at her office in Warsaw Poland.
"We are pleased to have a working partnership with the ministry," explained Jason Dussault CEO of Stillcanna. "Poland has created a favorable corporate environment rewarding companies like Stillcanna with economic incentives to invest. I would like to thank the Minister and her team for the ruling."
