The new license paves the way for Biome Grow's Nova Scotia subsidiary to sell to other licensed producers
Biome Grow Inc () announced Wednesday that its Nova Scotia subsidiary, Highland Grow Inc, has received its license from Health Canada to sell to other licensed producers.
The Health Canada license will boost revenues as it grants Highland Grow the ability to possess, harvest and sell cannabis in keeping with Canada’s cannabis regulations.
“This license gives the company additional commercial sales avenues and flexibility for our high-quality cannabis products and services that are ready for our customers,” said CEO Khurram Malik.
READ: Biome Grow subsidiary inks 24,000kg supply deal with Province of Newfoundland and Labrador
With its new license, Highland Grow can sell an array of cannabis and plant seeds to individuals and businesses that are holders of the following licenses: standard cultivation, micro-cultivation, processing, analytical testing, research and nursery.
“The Highland Grow team, who are locally sourced and educated, has been working hard toward meeting the Health Canada requirements,” said Frank MacMaster, president of Highland Grow, in a statement. “We are all excited to see our diligence and commitment to quality pay-off. It is a great day here in Antigonish, Nova Scotia.”
Biome Grow shares slipped 3% to $0.70 in Wednesday’s morning trading session.
Contact Ellen Kelleher at [email protected]
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