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License will significantly increase product availability for medical and adult consumers
Biome Grow Inc., a company that that we follow (CSE: BIO) (Frankfurt: 6OTA) (OTC: ORTFF), announced that its Nova Scotia-based subsidiary, Highland Grow Inc. received its sales authorization via an amendment to its existing license from Health Canada under the Cannabis Act.
This authorization will allow Highland Grow to sell their products to end consumers through appropriate medical and recreational cannabis channels. This change will dramatically increase product availability in Nova Scotia and positions Biome Grow to serve a growing domestic as well as international cannabis markets.
Finished product grown and packaged specifically for the Nova Scotia consumer is ready to be delivered and what remains are the completion of the final distribution steps with the NSLC.
“Biome Grow has been steadfast in its focus on a regional business strategy and building provincial brands that can serve the unique requirements of its local cannabis consumers. This new amendment marks the complete transition of Biome to a commercial cannabis enterprise in the Canadian market,” said Khurram Malik, CEO of Biome.
“The Highland Grow team, has been working hard to achieve this important milestone. The company is looking forward to doing its part to eliminate the current supply shortage in our home province,” added Frank MacMaster, President of Highland Grow.
Highland Grow was granted its Grow License from Health Canada pursuant to the Access to Cannabis for Medical Purposes Regulations (ACMPR) on December 1, 2017, and has been developing its facilities, operations team and its products since that time.
This development marks the first step on the road to commercialization for Biome Grow. It couldn’t be entering the market at a better time. As reports of legal cannabis shortages in every province circulate, along with reports (and pictures) of overly stale, dry and substandard weed that has been stored since the summer works its way through the system, late entrants Highland Grow have a huge opportunity to redeem an industry that is experiencing its first growing pains.
It’s a major step for this young company and further demonstrates the tangible commitment that Biome has made to the Atlantic Canada region through its various operating subsidiaries. The company is committed to its regional business strategy and building long-term provincial brands which serve the unique requirements of its local cannabis consumers and partners.
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DISCLOSURE NOTICE; 21Ton NOC, INC., the operators of Cannabis Daily, owns stock in Biome Grow Inc. and is compensated by Biome Grow Inc. for its publicity activities for the company. Readers are urged to do their own research and due diligence and should seek advice from an independent financial advisor before making any financial investment.