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Heritage Cannabis Holdings Corp TRJTF


Primary Symbol: HERTF

Heritage Cannabis Holdings Corp. is a Canada-based cannabis company offering products to both the medical and recreational legal cannabis markets in Canada and the United States. It focuses on extraction and the creation of extract and extract-derivative products and brands for adult use and cannabis-based medical solutions. It has a portfolio of cannabis products under the brands Purefarma, Pura Vida, RAD, Premium 5, Thrifty, Adults Only, feelgood., the CB4 suite of medical products in Canada and ArthroCBD in the United States. In Canada, it operates through its subsidiaries, Heritage Cannabis West Corporation (Heritage West) and Heritage Cannabis East Corporation (Heritage East). Heritage West holds a Health Canada issued cultivation, processing, and medical and adult use sales license, as well as an industrial hemp license, a cannabis oil sales license, and a cannabis research license. In the United States, it operates through, Opticann Inc., an oral and topical cannabinoid company.


PINL:HERTF - Post by User

Comment by PumperStalkeron Jun 01, 2018 9:34pm
48 Views
Post# 28114486

RE:RE:RE:Example of how Cultivation License can be VERY QUICK

RE:RE:RE:Example of how Cultivation License can be VERY QUICKDilly, I think Entrance might have nailed it. Those licenses may have been issued under the old 'regime'.

I found a conversation with David Hyde that may indicate same even though the interview was conducted almost a year ago and it might be relevant to the current licensing process.

https://news.lift.co/david-hyde-recent-upgrades-acmpr-licensing-process/

Scroll down about 1/3 of the way down the page or read the whole page as it is quite informative.

'I think a lot of people thought or interpreted the announcement to be that the cultivation licenses would be handed out a lot earlier, and in fact once you pass the paper based review, once Health Canada have given you that confirmation of readiness email that comes out, which still is the case by the way, when you finish all your readiness paperwork, they’ll send you an email saying you are ready to complete the process, complete the facility.


A lot of people thought when that email arrived, you would get a license right away. And, frankly, that is one of the ways that one could interpret what Health Canada wrote up in their press release. But practice suggests that is not the case. I’ve been able to work with several applicants now under the new regime. The most recent LP, no 51 [Solace Health] and another LP, #52 [Indiva] are the first out of the new process. They did not have a PLI, they went through the evidence process.

By the same token, Hydropothecary, that recently got licensed for [two new buildings], also was the first under the LP banner to get a nod to build out essentially a similar building or construction space without getting an inspection, before they were allowed to have that space licensed. They were the first a month or so ago, and on the applicant track, no 51 was the first to actually go through and not have a PLI but instead demonstrate readiness through evidence, which is video, photo, data, attestation, that shows that everything has been done and the facility is in compliance and ready to operate.'

SOLACE got their Cultivation License on July 10/17 4 days before INDIVA and they received their sales license on or about March 9/18 (8 mos later) while INDIVA is still waiting for theirs.




DiligentSon wrote: Readiness perhaps may see others jump the cue? Are we sure its bureaucracy that has held up the licenses? Or lack of readiness on the part of the licensee? Don't get me wrong, there is definitely a bottleneck at HC...but that doesn't account for some taking 400 days while others take 49...
PumperStalker wrote: On a rare occasion that may be possible but out of the 500 ready applicants that are currently in line the rate of cultivation license approval has come to a complete standstill. 

There has only been ONE issued in the past 5 weeks (none today) so what's up with the other 499 that are in line and ahead of CANN and why would CANN jump ahead of all the others?



hunt3r wrote: Look at these links show Namaste submits Evidence Package on March 5th, receives Cultivation License March 16th!!! Now THAT is fast. For all you naysayers; it is definitely possible, with the time and care and professional consultation that went into the EP. I am 100% sure we will see license very shortly! With cultivation license, CANN will become the underdog that everyone wants, CANN’s potential is huge! 

sources:

https://www.stockhouse.com/news/press-releases/2018/03/05/namaste-submits-health-canada-acmpr-affirmation-of-readiness

https://www.stockhouse.com/news/press-releases/2018/03/16/namaste-receives-acmpr-medical-cannabis-production-license

 




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