The company will make a formal update announcement with regards to the buildout going forward, I don’t have additional information to update you with apart from the last operations news release. Management is working full time on formulating a plan for the buildout going forward whether that be independent or seeking another partnership. The project Is a massive undertaking and the decision going forward shouldn’t be rushed, we want to get it right and not act fast on the basis of being pressured by time. An update on the phase 1 development, will be provided soon.
The priorities for this calendar year is generating revenue, sales license application, and continuing the facility buildout. The pre sale inspection request or any other aspect of the sales license will also be formally announced by news release . Licensing updates are given on the health Canada website database as well with all other LPs, licenses are usually issued on Friday. The application is currently pending and nearly completed, holding the license to sell to other licensed producers, standard processing license, cannabis license under the Excise Tax, completing and passing all analytical testing has management confident in receiving a full sales license. Companies aren’t given exact timeframes on when to expect a license.
Best Regards,
IR FSD Pharma