Advanced Medical Marihuana Canada (AMMCan) is hoping to

New Post Public Reply Private Reply Replies (0) Message Board
sillylung
Advanced Medical Marihuana Canada (AMMCan) is hoping to start growing medical-grade marijuana at the Bruce Energy Centre greenhouses by the third week in November, so it can be tested by Health Canada before full-scale production begins in 2015.

The company’s parent corporation, Supreme Pharmaceuticals Inc. announced in October it was raising another $1 million climbing to about $3.6 million in financing to see the completion of the construction phase of the greenhouses.

AMMCan president Peter Herburger said the construction phase has gone well, security is in place and they hope to invite Health Canada to the facility in the next week or so.

“We have the right proceedures in place to assure both the quality and safety of the project,” said Herburger.
Once inspectors take a look at the work already completed to determine if the greenhouses fit within guidelines set for pharmaceutical facilities, AMMCan will be able to start producing marijuana on a trial basis.

This “product” will take eight to 10 weeks to produce, before it’s tested by Health Canada to assess whether AMMCan can produce “naturally grown” marijuana “without any contamination of the product,” Herburger said.

After Health Canada lab tests the product, Herburger said they hope to receive a license to start full-scale production, by late February or early March.

“We need that license, then we can go,” he said.

This would be followed by a permit to sell, which would be issued a short time later, he said.

The multi-phase development is expected to cost about $20 million upon

http://www.kincardinenews.com/2014/11/03/adva...e-november

Supreme Pharmaceuticals (SPRWF) Stock Research Links

SPRWF Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Top 5 Most Recently Viewed Articles

Astrana Health Strengthens Market Position with Recent Acquisitions

Updated Category News Views 604

Astrana Health Completes Strategic Acquisitions Astrana Health, Inc. (NASDAQ:ASTH), a prominent management consulting services provider, has successfully concluded its acquisition of several healthcare entities. This strategic move represents a significant milestone in the expansion of its operations within the healthcare management sector. The company recently finalized...

Continue Reading
Celebrating 65 Years: A Journey Through Innovations in Flexography

Updated Category News Views 88

Anderson & Vreeland: A Milestone Celebration Anderson & Vreeland Inc. (NASDAQ: A&V), known affectionately as A&V, proudly celebrates its 65th anniversary, reflecting on over six decades of pioneering service in the flexographic printing industry. Since launching operations in January 1961, the company has continually adapted and evolved to serve the needs of its customers...

Continue Reading
Hyatt on the Hook: $15.5M Verdict Spurs Industry Wake-Up Call

Updated Category News Views 21

Hyatt Takes a Hit: $15.5 Million Verdict The courtroom doors swung open, and out came a staggering $15.5 million verdict against Hyatt, plastering the corporation's name across every investor's radar today. Not some chump change, I tell ya. This hefty figure stems from a case involving the tragic death of Cindy Gonzalez, a diabetic hotel guest left high and dry by...

Continue Reading
Rocket Lab USA Inc Faces Legal Challenges Amid Performance Issues

Updated Category News Views 518

Legal Concerns Surrounding Rocket Lab USA Inc. Recent events have raised significant legal concerns for Rocket Lab USA, Inc. (NASDAQ: RKLB). The national shareholder rights law firm Bragar Eagel & Squire, P.C. is actively investigating potential claims against the company on behalf of its long-term stockholders. These inquiries stem from a class action lawsuit filed...

Continue Reading
Klarna Group PLC: Short Interest and Market Sentiment Insights

Updated Category News Views 277

Analyzing Market Sentiment Around Klarna Group PLC A storm’s brewing if you’re watching Klarna Group PLC's short interest data. Just to give you a pulse on the situation, short interest has spiked by 21.74% since the last report. We’re talking about a whopping 16.95 million shares sold short, which translates to 6.16% of available shares. Now, as the dust settles,...

Continue Reading