Health Canada Issues 4 Cannabis Production Licenses

As has typically been the case, Health Canada updated its list of licensed producers this afternoon, boosting the number of LPs to 101. There were not only the four new additions, but the agency also amended the licenses of two other LPs to permit them to sell. The agency added two facilities in Ontario, one in British Columbia and one in New Brunswick, only the third in that province.

Tidal Health Solutions in New Brunswick and Northern Green Canada in Ontario received licenses for the first time, while Canopy Growth (TSX: WEED) (OTC: TWMJF) added yet another license, its second in BC for BC Tweed Joint Venture. Its first facility was licensed in mid-February. Tilray’s greenhouse in Ontario, High Park Farms, is the second for the company.

In addition to granting the new cultivation licenses, Health Canada amended the licenses of both Zenabis (its New Brunswick facility) and Beleave (CSE: BE) (OTC: BLEVF) to permit sales of dried cannabis.

Exclusive article by Alan Brochstein, CFA
Alan Brochstein, CFA
Based in Houston, Alan leverages his experience as founder of online community 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email

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