Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Roto-Gro receives Health Canada approval for dealer licence conversion

Proactive Investors Wednesday, 20 March 2019
Roto-Gro International Ltd (ASX:RGI) has received approval by Health Canada for the conversion of the dealer’s licence held by Supra THC Services Inc. Supra THC is a wholly-owned subsidiary of Valens located in Kalowna, British Columbia that specialises in the processing of cannabis into pure extracts and oils. Roto-Gro aims to relocate the Supra THC operations from the province of British Columbia to the proposed 44,000-square-foot (or 4,087 metres) facility in Caledon, Ontario. The conversion is part of the definitive share purchase agreement between Roto-Gro and Valens GoWorks Corp to acquire the issued shares in the capital stock of Supra THC Services Inc. READ: Roto-Gro International subsidiary secures $180,000 purchase order from Polaris Wellness Centre Roto-Gro managing director Michael Carli said: “The acquisition of Supra THC is an impressive step forward in the company’s strategic growth plan to establish itself as a global leader in the cultivation of lawful cannabis and perishable foods.” With the conversion to the cannabis act and cannabis regulations complete, the company will continue working with Cannabis Compliance Inc (CCI) and Health Canada to progress the change of address and change of ownership required to complete closing with Valens. The cannabis act and the corresponding cannabis regulations, which were enacted on October 17, 2018, legalise the recreational use of cannabis nationwide in Canada. This new legalisation also controls and regulates the production, distribution and sale of lawful cannabis in Canada. Procedures for completion in quarter-two and three of 2019 The company will ensure the key resources for the cultivation facility are cleared with Health Canada and the regulatory authorities as well as lodge the necessary security plans, floor plans and standard operating procedures. Although a timeline is not confirmed, it is anticipated these steps will be completed during quarter-two and quarter-three of 2019 to allow for build-out of the facility during quarter-four. First crops will be harvested in quarter-one 2020.
0
shares
ShareTweetSavePostSend
 
Credit: Wochit News - Published < > Embed
News video: Canada Re-Examining Boeing 737 MAX Approval After FAA Certification Probe

Canada Re-Examining Boeing 737 MAX Approval After FAA Certification Probe 00:33

According to Reuters, Canadian Transport Minister Marc Garneau said that Transport Canada is re-examining the validation it gave Boeing Co’s 737 MAX jets, following reports of a U.S. probe into the aircraft’s certification by the FAA. Garneau told reporters that Transport Canada might not take...

You Might Like


Recent related videos from verified sources

Canada Is Launching Tax Credit For Electric Vehicles But Teslas Are Too Expensive [Video]Canada Is Launching Tax Credit For Electric Vehicles But Teslas Are Too Expensive

Canada is launching a $5,000 tax credit for zero-emission vehicles on May 1. According to Business Insider, Tesla vehicles will be ineligible for the credit because they're too expensive. The base..

Credit: Wochit News     Duration: 00:35Published

Canadian Family on Vacation Tried to Cross U.S.-Canada Border With Deceased Family Member Because U.S. Health Care is Too Expens [Video]Canadian Family on Vacation Tried to Cross U.S.-Canada Border With Deceased Family Member Because U.S. Health Care is Too Expens

After an elderly man died on the drive back to Canada from a vacation in Florida, his wife and son attempted to get the body through the U.S.-Canada border to avoid paying for U.S. health care.

Credit: Veuer     Duration: 00:33Published

China's Tiff With Canadian Canola, Explained [Video]China's Tiff With Canadian Canola, Explained

Canada's ban on Canadian canola products could produce some serious financial damage to the industry.

Credit: HuffPost Canada     Duration: 01:45Published

FDA Approves First Drug Postpartum Depression [Video]FDA Approves First Drug Postpartum Depression

For the very first time, the US Food and Drug Administration has approved a drug specifically indicated for the treatment of postpartum depression, which experts say offers new hope to women and..

Credit: Wochit News     Duration: 00:38Published

Canada grounds Boeing 737 MAX jets [Video]Canada grounds Boeing 737 MAX jets

Canada's Transport Minister Marc Garneau told a news conference on Wednesday that the government will stop 737 MAX 8 and 9 jets from leaving, arriving or flying over Canada with immediate effect,..

Credit: Reuters Studio     Duration: 01:11Published

Justin Trudeau 'concerned' as China suspects Canadians of spying [Video]Justin Trudeau 'concerned' as China suspects Canadians of spying

Canada's prime minister is reportedly concerned about the arrests of former diplomat Michael Kovrig and businessman Michael Spavor.

Credit: Al Jazeera STUDIO     Duration: 02:44Published

Canada monitoring negative behavior of 'at risk' people [Video]Canada monitoring negative behavior of 'at risk' people

ONTARIO, CANADA — Canadian authorities are using databases to track 'at risk' individuals, according to a Motherboard investigation. Canadian authorities are using a shared database called 'The..

Credit: TomoNews US     Duration: 02:15Published

Do People In Montana Want To Sell Their State To Canada [Video]Do People In Montana Want To Sell Their State To Canada

What are the odds this happens? Slim and none and slim just left for Canada.

Credit: Celebrity Wire     Duration: 01:04Published


Other recent news in Business

DomaCom Australia sees opportunity in ELECTION and new product despite cooling marketVault Intelligence posts record quarterly results amid STRONG growth pipeline
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.