Sales LicenceWhat I don't understand is that has been over two years (at least) since Bevcanna applied for their sales licence.
The Company was incorporated under the BC Business Corporations Act on July 13, 2017 as Nutrivida Biotech Investments Inc. During the three months ended March 31, 2019, the Company did not conduct any material commercial operations. Its principal business was the development and expansion of the business carried on by its wholly-owned subsidiary BevCanna Operating Corp. (“BevCanna Opco”). BevCanna Opco has applied for licences (the “Licences”) in respect of its Production Facility (as defined below) for the cultivation and sale of cannabis from Health Canada pursuant to the Cannabis Act (Canada), and is currently at the Review and Security Clearance Stage of the licensing process. The Company is also positioning itself for future growth in the event that Health Canada expands legalization of cannabis into derivative products and beverages. The Company has secured a long-term lease for 100 acres of land and a 40,000 sq. ft. turn-key bottling facility with access to an underground aquifer located in Bridesville, British Columbia (the “Production Facility”).
Why have they not received one?