RE:Global Canna LabsSuper excited ?? Would highly recommend that further digging be done with Government Authorities in Jamaica and Global Canna Labs directly as it seems the info being disseminated there is much different than what is being touted by LGC. Perhaps just a miscommunication ?? Symbol: TSX-V: LG MONTREAL, March 6, 2018 /CNW Telbec/ - LGC Capital Ltd. (TSXV: LG) ("LGC") is pleased to announce that it and Global Canna Labs Limited ("Global Canna Labs") have agreed to extend the closing date of their transaction, first announced on January 26, 2018, to the end of March 2018 in order to allow for completion of the corporate structuring of the transaction in compliance with Jamaican law. LGC's due diligence having been successfully completed, the extension is required in order to establish the appropriate ownership structure for LGC in the context of foreign ownership requirements of Jamaican law. The parties are working towards finalization of the debenture and security documentation, which must be in compliance with Jamaican law. Global Canna Labs has advised LGC that it has received approval from the Jamaican Ministry of Health for the registering of a "List 4" class of drug for a full spectrum of CBD oils for medical consumption. Global Canna Labs has also advised LGC that all the irrigation for its greenhouses in Montego Bay, Jamaica is in place and that greenhouse coverings for phase one construction are being installed this week. John McMullen, Chief Executive Officer of LGC commented, "We continue to see good progress with the Global Canna Labs transaction, from building out its growing operations to licensing. We congratulate the entire team as they continue to work diligently toward finalizing this important transaction for both of our companies." Closing of the transaction with Global Canna Labs is subject to the parties entering into definitive agreements, to standard closing conditions, and to regulatory approval, including that of the TSX Venture Exchange. About Global Canna Labs (https://globalcannalabs.com) Global Canna Labs is a Jamaican entity with its head office located in Kingston, Jamaica, with operations based in Montego Bay, with plans to become one of the leading cultivators and processors in Jamaica of cannabis for medical and recreational purposes. Target production is expected to total 1,876 kg in 2018 and rising quickly to 7,741 kg annually by 2021. These production targets can be rapidly expanded from current targets should demand exceed supply. The Montego Bay site comprises a 22-acre plot with an additional 80-acre expansion opportunity on the same plot. The location is only 10 minutes from the Montego Bay airport and sea port providing logistics access for facilitating global exports. Global Canna Labs is in the final stages of acquiring a full commercial cannabis license in Jamaica enabling clinical trials, dispensaries, recreational sale, and medical export. On December 20, 2017, the Cannabis Licensing Authority of Jamaica granted conditional approval for a Cultivator's License (Tier 3) (over 5 acres). Construction of its first 58,000 sq. feet of greenhouses is in progress and is nearing completion, with 4 additional acres of outdoor growth and state-of-the-art processing facility meeting GMP and ISO standards in the current site plan. Security fencing around the initial cultivation site covering 6 acres in total has already been installed. Export license for medical marijuana. Very interesting. Has to be all legitimate right, because the company said so.