Vancouver, British Columbia--(Newsfile Corp. - July 21, 2015) - True Leaf Medicine International Ltd (CSE: MJ) (True Leaf) has received "additional enhanced screening" notice from Health Canada and is one step closer to becoming a licensed producer under Canada's Marihuana for Medical Purposes Regulations (MMPR).
In a July 16, 2015 letter, Health Canada acknowledged eight previous 'requests for information' from May 27, 2014 to the most recent on March 5, 2015 and sought additional clarification regarding production and storage of medical cannabis at True Leaf's Lumby, BC facility.
As of March 15, 2015, there were 25 licensed applicants in Canada. True Leaf's application is among the 324 remaining of the total of 1284 applications received. A total of 934 applications have been rejected or withdrawn.
Health Canada set an August 3, 2015 deadline for answers to its questions.
True Leaf CEO Darcy Bomford indicated that True Leaf will continue to comply with Health Canada requests for supplementary information, as it has since its original license application submission on July 30, 2013 which received an application number 10-MM0048 and a 'ready-to-build' approval on January 28, 2014. A second pending application number 10-MM0498 has been assigned for the Lumby, BC location.
"We're optimistic that the additional enhanced screening means the government is close to the next phase," said Mr. Bomford. "We're doing everything we can to demonstrate that we're serious about respecting the legal licensing route."
While True Leaf waits for Health Canada to approve its application for a license to produce and distribute medical marijuana in Canada, it is establishing a niche in the North American cannabis industry by focusing on the quality of life for pets with the True Leaf Pet brand. The company is currently looking for strategic investment partners and $1M - $3M in capital as it prepares to launch hemp-based pet treats in the fall of 2015.
About True Leaf International Ltd:
True Leaf Medicine International Ltd. is entering the $60 billion pet industry with a line of hemp-focused pet chews and supplements marketed through natural pet health and veterinary channels in Canada and the US. The company has also filed an application under Health Canada's Marihuana for Medicinal Purposes Regulations (MMPR) to become a Canadian licensed producer. It has passed through the preliminary and enhanced screening process of Health Canada's review and is currently awaiting a 'pre-license inspection' approval.
Contact:
Paul Sullivan
BreakThrough Communications
O: 604-685-4742
M: 604-603-7358
p.sullivan@breakthroughpr.com
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