NetworkNewsBreaks – Supreme Cannabis Company Inc
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Posted On: 05/31/2019 4:04:47 PM
NetworkNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Applauds New CBD Legislation in South Africa, Explores New Prospects
Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) on Thursday commented on South Africa’s Department of Health removing Cannabidiol (“CBD”) from the country’s Schedule 7 list of highly controlled drugs. This move allows the legal sale of CBD products made in accordance with the government’s specified preparations. Medigrow Lesotho, the company’s international medical cannabis oil partner, is licensed by the Lesotho Ministry of Health to cultivate and manufacture medical cannabis and cannabis oil products in the Kingdom of Lesotho, a jurisdiction located within Southern Africa. Through its preferential global distribution agreement with Medigrow, Supreme Cannabis will be exploring opportunities to serve South Africa’s CBD market. “This meaningful change to South Africa’s legislation creates immense opportunity for Medigrow to manufacture and supply high-quality CBD oil to a neighboring jurisdiction,” Supreme Cannabis CEO Navdeep Dhaliwal stated in the news release. “We are pleased to see countries like South Africa adopting thoughtful changes to policy and implementing well-regulated systems with the potential to improve public health and wellness.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) on Thursday commented on South Africa’s Department of Health removing Cannabidiol (“CBD”) from the country’s Schedule 7 list of highly controlled drugs. This move allows the legal sale of CBD products made in accordance with the government’s specified preparations. Medigrow Lesotho, the company’s international medical cannabis oil partner, is licensed by the Lesotho Ministry of Health to cultivate and manufacture medical cannabis and cannabis oil products in the Kingdom of Lesotho, a jurisdiction located within Southern Africa. Through its preferential global distribution agreement with Medigrow, Supreme Cannabis will be exploring opportunities to serve South Africa’s CBD market. “This meaningful change to South Africa’s legislation creates immense opportunity for Medigrow to manufacture and supply high-quality CBD oil to a neighboring jurisdiction,” Supreme Cannabis CEO Navdeep Dhaliwal stated in the news release. “We are pleased to see countries like South Africa adopting thoughtful changes to policy and implementing well-regulated systems with the potential to improve public health and wellness.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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