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Bullboard - Stock Discussion Forum The Canadian Bioceutical CBICF

MPX Bioceutical Corp is a Canada based company involved in the natural health products industry. It is engaged in the manufacture and distribution of nutraceuticals to the North American marketplace and providing financial and business expertise to emerging corporations primarily in the pharmaceutical, medical and biotechnology industries. The company provides management, staffing, procurement,... see more

GREY:CBICF - Post Discussion

The Canadian Bioceutical > MPX won a permit to open its dispensary in Atlantic City N.J
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Post by bogdansz on Dec 17, 2018 10:48pm

MPX won a permit to open its dispensary in Atlantic City N.J

Six new marijuana growers get the nod for N.J.

Six new marijuana growers get the nod for N.J.

 

Ted S. Warren 

New Jersey on Monday doubled the number of cannabis cultivators permitted to grow and sell medical marijuana in the Garden State.

“Six very strong applicants were selected, including minority-owned and women-owned businesses,” said Health Commissioner Dr. Shereef Elnahal.

“We will meet with them early next year to refine their timetable for growing product and opening their doors,” Elnahal continued. “We are committed to an equitable expansion of supply to meet growing patient demand, and these new locations will reach patients that currently have to travel longer distances to obtain the therapy.”

The successful applicants all operate cannabis outlets in other states.

Of the six, two were chosen for South Jersey.

MPX New Jersey won a permit to open its dispensary in Atlantic City and a cultivation facility in Galloway Township. MPX, which in October was bought by iAnthus Capital Holdings in a $835 million deal, also operates growing facilities in Arizona and Nevada and dispensaries in Maryland. iAnthus now has a foothold in a total of 11 states and Canada.

Columbia Care will open its combined facility in Vineland. Columbia Care has permits to grow and dispense cannabis in 11 states and Puerto Rico. In Pennsylvania, it operates dispensaries in Allentown, Scranton, and Wilkes-Barre.

The state Department of Health received 146 applications for the lucrative permits. The applications were reviewed by a six-person panel comprised of employees from the health department and the Departments of Agriculture and Treasury.

 
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