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.
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

No Surprises Out Of Atlantic Canada For Anyone Betting On The Liberals [Video]No Surprises Out Of Atlantic Canada For Anyone Betting On The Liberals

HuffPost Canada politics reporter Zi-Ann Lum tells Amanda De Souza why she isn’t surprised with the way Canadians voted in King-Hants, N.S., and St. John’s East.

Credit: HuffPost Canada     Duration: 01:03Published

3 Reasons Why Canada Should Lower Its Minimum Voting Age [Video]3 Reasons Why Canada Should Lower Its Minimum Voting Age

The Green Party and NDP have floated the idea about lowering Canada's voting age from 18 to 16 and as HuffPost Canada's politics editor Ryan Maloney explains, that might not be a bad thing.

Credit: HuffPost Canada     Duration: 02:57Published

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.