What is Liberty Health Sciences?
Some of you may have seen the joint press release this morning from Aphria Inc. (OTCQB:APHQF) and Liberty Health Sciences Inc. (OTCPK:SCQBD) regarding their response to TMX Group's "regulatory engagement." Some people contacted us asking questions like how are the two companies related?,and more. Don't worry - we've got you covered!
According to the company's website, "Liberty Health Sciences was launched to acquire and operate U.S. – based companies in the medical cannabis market. Liberty adds value to acquired companies through our proven expertise in commercial scale greenhouse growing at a low cost, our proprietary Seed-to- Sale Certified process, and our proprietary automation and processing methods." To boil it down... Liberty is Aphria's American sister-company.
How Liberty Health Sciences Came to Be
Liberty all started with Aphria making a $25 MM investment in a special purpose private company called DFMMJ Investment Ltd. According to the announcement, DFMMJ would be acquiring "all or substantially all of the assets of Chestnut Hill Tree Farm LLC," which is described by Liberty as "a Florida nursery authorized by the Florida Department of Health, Office of Compassionate Use, as a dispensing organization of medical cannabis to patients in need in the State of Florida."