A recent press release revealed that MediPharm Labs, Inc. has received its sales license, pursuant to the Cannabis Act, from Health Canada. MediPharm Labs has been involved in developing specialized cannabis concentrates and isolates for the company’s inventory and plans to serve the adult-use and medical cannabis markets in Canada with pharmaceutical-grade cannabis concentrates and oils for advanced derivative products.
The sales license is for use by MediPharms Labs’ Barrie, Ontario laboratory and manufacturing facilities, wholly-owned by the company. With one of 32 supply agreements with the Ontario Cannabis Store, MediPharm Labs has signed cannabis concentrate program agreements with four partner licensed cultivators including James E. Wagner Cultivation Corp., Bonify, INDIVA Limited, and Emerald Therapeutics Inc. The Ontario Cannabis Store (OCS) is the sole legal retailer in the province of Ontario for recreational cannabis.
Currently operating one of the country’s largest cannabis concentrate manufacturing facilities, the company has finished the production and purification of more than 180,000 g of cannabis extract and has Phase 1 capacity to process more than 100,000 kg of dry cannabis annually. It is anticipated that Phase 2 will be accomplished by June of 2019, which will make it possible for the company to process as much as 250,000 kg per year.
Pat McCutcheon, CEO and co-founder of MediPharm Labs, said the sales license is a huge milestone for the company and critical component of the team’s strategy to be recognized for their quality standard in cannabis concentrates on a global level. The sales license will help the company focus on revenues while providing value and profitability to partners, constituents and shareholders.
From paper bags, glass bottles and cardboard cartons to plastic bottles, PE foil and more, REA JET Canada provides innovative, reliable coding technologies for numerous industries including consumer goods packaging, food and beverage, plastics, pharmaceutical, wood, chemicals, steel and metal. We invite you to learn more about our high resolution ink jet, DOD large character ink jet and other coding and marking solutions.