THC BioMed (THCBF) Secures Oil Production License
Ryan Allway
May 25th, 2016
News, Top Story
[stockchart symbol=THCBF]
THC BioMed International Ltd. [stockquote symbol=THCBF], a leader in the research and development of products and services related to the medical cannabis industry, recently announced that it was granted authorization from Health Canada to produce fresh marijuana, cannabis oil, and cannabis resin. The license enables the company to formulate, prepare and present its products, which it plans to launch into the market as soon as possible.
“We now look forward to providing the highest quality products to our customers and bringing value to our shareholders as we work to build a world class cannabis company,” said John Miller, President and CEO of THC BioMed, in a recent press release. “THC BioMed will immediately begin development of a wide range of products including Medical grade Dried cannabis, CBD, THC Oils and Cannabis infused products for topical application.”
The company also announced that it established a national supply chain for cannabis genetics through its Seeds R Us subsidiary. Currently, the company owns a diverse selection of seeds that were imported from Holland and profiling for the genotypes and phenotypes for each of the 28 strains is underway. Investors can find the imported genetics listed on its website, THCBioMed.com, under the Seeds R Us tab.
In February, the company secured a license to produce medical marijuana under Canada’s Marijuana for Medical Purposes Regulations – or MMPR. The company also entered into a joint venture agreement for a licensed cannabis testing facility with Supra that will provide it with a state-of-the-art facility to conduct its research and development.
Shares of THC BioMed were trading even in early hours on May 25.
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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