True Leaf Secures 3 Health Canada Licenses To Cultivate, Process, Sell Medical Marijuana

True Leaf Brands Inc MJ TRLFF subsidiary True Leaf Cannabis Inc. said Monday it has secured Health Canada’s licenses for cultivation, processing and selling cannabis for medical purposes for its True Leaf Campus facility.

The license enables True Leaf to commence with the cultivation, processing, and selling of medical cannabis right away, allowing it to manufacture "cannabis 2.0" products like edibles and topicals.

In the meantime, the company has stepped into the pet industry with True Leaf Pet, which is a natural pet care brand that offers a portfolio of hemp- and CBD-based products in the U.S., Europe, and Asia.

Don’t miss out on the top cannabis stories of the day. Click here to sign up for our daily insider newsletter.

“Today marks an important milestone for True Leaf as becoming a licensed producer helps support the continued development of our therapeutic pet care products,” Darcy Bomford, Founder and CEO of True Leaf said in a statement. “Our facility is now licensed and meets EU GMP and HACCP standards. This is required for the ‘Cannabis 2.0’ market in Canada and also opens the door to export cannabis to the booming European market.”

The company plans to seek a joint venture partner for the True Leaf Cannabis Inc. division to improve the facility’s value for shareholders, Bomford said.

True Leaf’s stock closed Friday’s session at 9 cents per share.

Posted In: Cannabis 2.0Health Canadamedical marijuanaTrue Leaf CannabisCannabisNewsMarkets

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.