Category: Infused Products & Extracts

Canada House is Pleased to Announce Its Joint Venture With Nutritional High, an Expert in Cannabis Oil Extracts and Edibles

TORONTO, Oct. 17, 2017 (GLOBE NEWSWIRE) — Canada House Wellness Group Inc.’s (“Canada House“) (CSE:CHV) wholly owned subsidiary Abba Medix Corp. (“Abba”) and Nutritional High International Inc. (“Nutritional High“) (CSE:EAT) (OTCQB:SPLIF) (FRANKFURT:2NU) have entered into a letter of intent (“LOI“) to create a joint venture (“Joint Venture”) to manufacture cannabis oil extracts and cannabis-infused products in Canada under the Access to Cannabis for Medical Purposes Regulations (Canada) (“ACMPR“). Abba, a subsidiary of Canada House, and Nutritional High have agreed to form a Joint Venture company which will initially focus on building out an approximate 2,000 square foot area at Abba’s Pickering cannabis grow facility, to house a cannabis oil extraction operation focused on producing the oils and extracts currently permitted under ACMPR. As the Health Canada regulations continue to evolve, the Joint Venture will introduce additional products, all produced in accordance with Good Pharmacoepidemiology Practice guidelines so it can sell internationally. Abba and Nutritional High expect the Joint Venture to open up new avenues of enterprise for both companies combining Canada House’s Canadian Licensing, its ability to supply trim and shake at a low cost, and introducing its burgeoning patient base to Nutritional High’s proven ability to extract top quality, high potency cannabis oil on a cost competitive basis. Larry Bortles, Chairman of Canada House commented: “The Joint Venture provides us with an opportunity to partner with experts in...

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New Health Canada Regulations Allow for Substantial Increase in MYM Vault Size

Vancouver, B.C., July 27, 2017 – MYM Nutraceuticals Inc., (CSE: MYM) (the “Company” or “MYM”) is extremely pleased to announce that Health Canada has introduced new regula-tions that will allow for a substantial increase in production at the Laval location vault size. The new regulations will increase the authorized capacity of the vault size from 320kg to 1000kg of dried cannabis. At full capacity, the increase in vault size represents an additional $3,400,000 in gross revenue. The new regulations enable MYM to manage the production of cannabis products based on the capacity and security of the vault. Secondly, low-value cannabis waste products will not be included in the maximum authorized storage capacity. This will create additional storage space in the secure vault for finished cannabis products. Under the new regulations, MYM will no longer have to wait for Health Canada to conduct a pre-license inspection to begin cultivation. MYM will now be required to demonstrate that the location is in good working order. Health Canada will follow up with inspections during the cultivation of cannabis. About MYM MYM Nutraceuticals Inc. is an innovative company focused on acquiring Health Canada licenses to produce and sell high-end organic medicinal cannabis supplements and topical products. To ensure a strong presence and growth potential within the industry, MYM is actively looking to the acquire complementary businesses and assets in the technology, nutraceuticals and...

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Golden Leaf CEO William Simpson Issues Letter to Shareholders

TORONTO, ON–(Marketwired – July 27, 2017) – Golden Leaf Holdings Ltd. (“GLH” or the “Company”) (CSE: GLH) (OTCQB: GLDFF), a leading cannabis oil solutions company built around recognized brands, is issuing the letter below to shareholders. To Our Valued Shareholders: I want to take a moment to (re)introduce myself and give an update on the status of Golden Leaf Holdings. Last week the board of GLH made the decision to refocus our company and strengthen our management team by appointing me as the Chief Executive Officer. As many of you may know, I have been a hands-on manager and entrepreneur in the Cannabis industry for more than 15 years. As the founder and CEO of Chalice Farms, I have had a hand in literally every step across the Cannabis supply chain; from growing and processing the plant, to retail store design and management. There are few leaders in our industry who have my depth and breadth of experience. As the new CEO of Golden Leaf, I am pleased to provide an update on the recent progress that our company has made towards achieving its corporate objectives. While I am less than one week on the job as CEO, I have been intimately involved in the day-to-day operations of Chalice Farms, a subsidiary of GHL, and as such have a strong handle on our business. As I get deeper into...

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