GREY:CHALF - Post by User
Comment by
newneighbouron Nov 02, 2017 5:00pm
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Post# 26897139
RE:RE:AND CLOSING OF MMGC
RE:RE:AND CLOSING OF MMGC “The Transaction is subject to certain conditions, including CSE and regulatory approval, and will be completed within 5 business days of MMGC receiving the cultivation license from Health Canada.
Medical Marihuana Group is a Canadian company that has received it's "license to build" approval and has filed an application for a cultivation license, which, subject to construction and build out of the cultivation facility, it anticipates receiving on or before Q1 2018. It's facility in Ontario has expansion capacity of over 50,000 square feet of grow/extraction space. MMGC will be positioned as a vertically integrated provider to the medical patient marketplace in Canada, focused on serving high value patients through the rehabilitation and legal personal injury networks.”
This was stated in the March 2017 NR. Not sure why we just recieved our license to build now when it states MMGC has already obtained that status. Timeline for the license to cultuvate is still Q1 2018