FSD Pharma Receives License to Sell to Other Licensed Producers and Expands Growth Production Footprint
TORONTO–(BUSINESS WIRE)–Nov 13, 2018–FSD Pharma Inc. ( “FSD Pharma ” or the “ Company ”) (CSE:HUGE) (OTCQB:FSDDF) (FRA:0K9) announced today that the license of its wholly-owned subsidiary, FV Pharma Inc. ( “FV Pharma”) under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”) has been migrated to the Cannabis Act and its regulations, effective November 8, 2018. The issuance of the new cannabis license includes the ability to sell cannabis to other licensed producers in accordance with subsection 11(5) of the Cannabis Regulations.
As of November 7, 2018, FV Pharma also received license amendments approving all of the remaining 25,000 square feet currently built out for additional grow and operations. The Company continues to move aggressively to achieve its next significant development of a further production footprint of 220,000 square feet.
Thomas Fairfull, President, CEO and Founder of FV Pharma stated, “The migration of the Company’s license, with the ability to sell under subsection 11(5) of the Cannabis Regulations, along with the recent addition of grow and operation areas to its existing license, brings the Company to the verge of readiness for a pre-sale inspection and obtaining of a full sales license from Health Canada.”
FSD Pharma is focused on the development of the highest quality indoor grown, pharmaceutical grade cannabis and on the research and development of novel cannabinoid-based treatments for several central nervous system disorders, including chronic pain, fibromyalgia and irritable bowel syndrome. The Company’s phase one growth plan involves the development of 25,000 square feet of indoor grow space […]
