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MMJ PhytoTech has shares halted pending medical cannabis update from Canada

2 minutes reading time (320 words)

viewMMJ Group Holdings Ltd

The halt will remain in place until Tuesday 17th October 2017.

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The company's shares are in pre-open

The company’s subsidiary, Harvest One Cannabis Inc, is preparing details regarding the status of its application for a sales amendment to its cultivation license granted under Canada’s Access to Cannabis for Medical Purposes Regulations.

MMJ is focused on becoming a large-scale cannabis producer, targeting direct supply to the growing Canadian medical and recreational markets which will have an estimated combined value of C$8-9 billion by 2024.

The halt will remain in place until the opening of trade on Tuesday 17th October 2017, or earlier if an announcement is made to the market.

ASX:MMJ

Market: ASX
Market Cap: $25.32 m
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