Post by
Ryspen27 on Sep 04, 2018 5:04pm
Sales License
New investor....I'm reading that the Niagara facility only holds a cultivation license and not a sales license as they are only licensed to sell out of the Brantford facility. Can someone confirm?
Comment by
mj0072018 on Sep 04, 2018 5:35pm
Because of it's proximity to their Branford facility, the sales license they hold covers both Brantford and Niagara. Hope this helps. Cheers
Comment by
TruthAboutHip on Sep 04, 2018 6:11pm
I wouldn't assume that about the sales license being good for both facilities. Do you know this for a fact and if so where did you find that out ? I am not suggesting that you are wrong but i would like to read the official source for myself.
Comment by
mj0072018 on Sep 04, 2018 6:17pm
I found it somwehere when doing a lot of DD on them and figuing out my entry point. I will look for it again for you.
Comment by
TruthAboutHip on Sep 04, 2018 6:24pm
That's nice of you thanks.
Comment by
Charlie_Chan on Sep 04, 2018 7:11pm
This video from BNN with the CEO was produced in January, however, it is a great watch and covers licensing etc.
Comment by
Ryspen27 on Sep 05, 2018 8:45am
From latest financials: The Company, through Up Cannabis, is licensed to: • cultivate and process an unlimited amount of cannabis at the Brantford Facility; • produce an unlimited amount of cannabis oils at the Brantford Facility; and • sell cannabis in all authorized forms to all authorized persons in accordance with the ACMPR from the Brantford Facility only.
Comment by
Ryspen27 on Sep 05, 2018 1:00pm
From IR: Niagara began cultivation in April 2018 and has a cultivation licence. We expect first harvest to be completed this quarter and have applied for a licence amendment for sales with Health Canada. Once that has been received we would announce it in a press release.