In late 2017, the Province of Manitoba announced that the mandate of the LGA will expand. Bill 11: The Safe and Responsible Retailing of Cannabis Act, which amends The Liquor and Gaming Control Act and The Manitoba Liquor and Lotteries Corporation Act to authorize and regulate the retail sale of cannabis in Manitoba was tabled on December 5th. This Bill sets the framework for Manitoba’s retail model by legislating that the Liquor and Gaming Authority of Manitoba will be renamed the Liquor, Gaming and Cannabis Authority of Manitoba and will be responsible for licensing cannabis stores and cannabis distributors.
THC2GO Dispensaries Submits Application to Manitoba Government For Retail Cannabis Stores.
THC Receives Health Canada Permission to Add 4 Extra Grow Rooms.
THC in Advanced Negotiations to Purchase Established Green House business in Ontario.
THC.CSE THCBF – OTC TFHC.F
VANCOUVER, December 20, 2017 – THC BioMed Intl Ltd. (“THC” or the “Company”) (CSE:THC) announces that its subsidiary, THC2GO Dispensaries Ltd, has officially submitted its application to operate cannabis retail stores in the province of Manitoba.
THC is also pleased to announce that Health Canada has amended THC’s ACMPR license to include 4 additional Grow Rooms. These additional Grow Rooms will allow THC to ramp up production, substantially adding an additional 400kg per annum. THC expects in the next few months to be the first Licensed Producer to offer a consistent supply of 21 different strains. The 4 Grow Rooms went into production on Friday the 15th December 2017.
THC further announces that it has entered into negotiations to purchase a greenhouse business in Ontario, Canada’s most populated province. The greenhouse business has been operating for more than 20 years and is well suited for growing cannabis. Successful completion of the acquisition would immediately give THC 100,000 square feet grow capacity with both facilities combined and an expansion capability of 300,000 square feet.
THC is further pleased to announce that it has had its facility inspected for Good Manufacturing Practices to enable the export of products to the European Union. We expect positive results from the inspection and hope to receive certification soon.
As legalization of cannabis sets in globally, we have seen a rapid demand for our cannabis products by the international market.
We are very satisfied with the progress we have made in 2017 and expect that our company outlook will demonstrate the rewards of our hard work. We take this opportunity to thank our shareholders for their patience and support. We wish you all a safe and festive Holiday Season
THC’s vision is to be on the leading edge of scientific research, development of products and services related to the medical cannabis industry while creating a standard of excellence. As the industry develops, it will become more important to focus on scientific research and development of products and services related to medical cannabis. Management believes THC is well-positioned to be in the forefront of this rapidly growing industry.
Please visit our website for a more detailed description of our business and services available. www.thcbiomed.com
Province promises hands-off approach to cannabis retailers after announcing 4 groups that will operate stores
Manitoba’s Progressive Conservative government, which has been cool to Ottawa’s plan to legalize cannabis, is now espousing enthusiasm for an unfettered marijuana retail experience.
WINNIPEG — Manitoba is sifting through more than 100 applications from businesses that want to sell recreational marijuana when it becomes legal next summer.
WINNIPEG — The province has approved four companies to operate retail cannabis locations in Manitoba this summer.
The government sorted through about 100 applications late last year after a request for proposals process was launched.