Health Canada Licenses Two Quebec Cannabis Production Facilities

Health Canada updated its website today, announcing an increase in the number of licensed producers to 82. Both of the new licenses were awarded to facilities in Quebec, including Agri-Médic ASP Inc. and Vert Cannabis, wholly owned by Canopy Growth (TSX: WEED) (OTC: TWMJF).  This doubles the number of LPs in the province to 4.

Two LPs received production licenses as well, including ABcann (TSXV: ABCN) (OTC: ABCCF) and Canada’s Island Garden. ABcann was originally licensed for cultivation in March, 2014, while Canada’s Island Garden received its license in June, 2016. Health Canada has now issued a total of 34 licenses to produce and/or sell cannabis oils.

Breaking News 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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