Bedrocan Receives Additional License Capacity from Health Canada


Ryan Allway

August 27th, 2015

News, Top News


Bedrocan Cannabis Corp. (BED.V) (the “Company” or “Bedrocan”) announced today that it has received a license amendment from Health Canada allowing it to sell up to 2,000 kilograms of medical cannabis over the five and a half months ending on February 17, 2016 , which is the end of the Company’s current license period. In addition, Bedrocan retains its license to sell up to 240 kilograms of cannabis from its second licensed facility. These sales can be sourced from imports into Canada from its Dutch partner and licensor Bedrocan Beheer BV, or from any other licensed producer.

As previously announced on August 24, 2015 , Bedrocan’s Canadian production facility has been fully licensed by Health Canada, including all 34 production rooms, three dispensing rooms, the building’s two-floor, Level 9 security vault, and the ability to dispose of all cannabis production waste via composting. Bedrocan also has a second facility in the Greater Toronto Area , licensed by Health Canada, to process, dispense and sell medical cannabis.

“The license amendments received this week give us the scope we need to significantly expand our reach, both through expanding production and through accelerated marketing and medical education,” said Marc Wayne , President and CEO of Bedrocan. “Patients can be assured of a secure, uninterrupted supply of Bedrocan’s standardized, pharmaceutical-grade medical cannabis, grown in Canada .”

About Bedrocan

Bedrocan Cannabis Corp. is focused on clinical research, technologically-advanced, automated production processes, and innovative product development. Bedrocan Canada and its licensor Bedrocan Beheer BV ( Netherlands ) are the only companies in the world currently capable of producing standardized full-bud, pharmaceutical-grade medicinal cannabis.

On August 24, 2015 , shareholders of Bedrocan Cannabis Corp. voted to approve a plan of arrangement (the “Arrangement”) involving the acquisition by Tweed Marijuana Inc. (TWD.V) (“TMI”) of all of the issued and outstanding common shares of Bedrocan. The Arrangement remains subject to the satisfaction or waiver of a number of conditions which are specified in Bedrocan’s management information circular dated July 20, 2015 . It is expected that the Arrangement will be completed on or about August 28, 2015 . Upon closing of the Arrangement, Bedrocan will become a subsidiary of TMI. For further information, please refer to the press release of the Company dated June 24, 2015 available on SEDAR at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.


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