48North Receives Cannabis Sales License From Health Canada

Published: June 25, 2018

48North Receives Cannabis Sales License From Health Canada

48North Cannabis Corp. announced that its wholly-owned ACMPR licensed facility, DelShen Therapeutics Corp., has received an amendment from Health Canada to include the sale of dried cannabis, cannabis plants and seeds.

“What an incredible week for cannabis. We are thrilled to be part of a small group of licensed producers to have received a sales license, and as a result, are able to participate in the early-stage, legal recreational cannabis market in Canada,” said Alison Gordon, Chief Executive Officer at 48North. “Near-term revenue from sales will support the brand and business, as we continue to focus on developing women-oriented products and brands in the consumer packaged goods (CPG) space, including cannabis-infused edibles, drinkables, cosmetics and skin care.”

DelShen, 48North’s wholly-owned facility in Northern Ontario received its cultivation license in February 2017 and has been growing unique genetics sourced from the Netherlands in preparation of achieving this milestone.

Ms. Gordon continued, “We will continue to leverage our cultivation facilities, along with our production and sales license, in support of partnerships both in and out of the cannabis space. It is our goal to have CPG licensed products available upon legalization of adult-use cannabis in accordance with the Cannabis Act.”