OTCPK:GBGPF - Post by User
Post by
DanielBoone733on Jan 20, 2017 10:06pm
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Post# 25736467
Don't even need the recreational market!
Don't even need the recreational market! Health Canada predicts that the total number of patients in the ACMPR or successor programs will reach 450,000 by 2024. However, the market growth trajectory is currently surpassing Health Canada expectations aided more recently by the introduction of medical cannabis oils. The historical growth trends indicates a market potential in excess of 1,000,000 over the same time frame.
To the Company’s knowledge, it is the only licensed producer that meets GMP manufacturing standards (as overseen by regulatory agencies in Canada and elsewhere) for cannabis products. These are the same standards and procedures that pharmaceutical companies must adhere to in manufacturing their products in North America. This provides CanniMed with a unique competitive advantage that may become particularly relevant if new distribution channels are introduced such as pharmacies. Worth noting, even though CanniMed does not yet have GMP certification for the production of its medical cannabis oils, it does adhere to GMP in its production and expects to complete the compliance process within the first half of 2017.
CanniMed will soon introduce the world’s first pharmaceutical-grade cannabis gelcaps. Gelcaps are ideally suited for baby boomers looking for a safe, reliable way to manage their chronic pain smptoms and maintain an active lifestyle. The launch is targeted for early 2017 and will provide further growth and new market opportunities. These are higher margin, value-added products with broader market appeal.
Very exciting things to come!!