Little Green Pharma obtains expanded medicinal cannabis licence

Little Green Pharma obtains expanded medicinal cannabis licence

Medical cannabis grower Little Green Pharma (ASX: LGP) has been given a significant operational boost in the form of an expanded medicinal cannabis licence and a new manufacturing licence from Australia’s Office of Drug Control (ODC). Obtaining a manufacturing licence covers Little Green’s new manufacturing facility at which it intends to produce cannabis extracts for manufacture into final product form, as part of a broader strategy of serving healthcare practitioners and their patients amidst a growing industry need for higher CBD ratio products. The new set of licensing conditions means Little Green can cultivate and produce medicinal cannabis, as well as conducting ancillary activities, at its expanded cultivation facility and adjacent new manufacturing facility in Western Australia. The company has also been granted a manufacturing licence to manufacture cannabis dry flower, extracts, tinctures and resins. Having acquired the new licenses, Little Green said it expects first planting at its expanded cultivation facility to take place in next quarter with as many as nine flowering rooms, and at full capacity, is able to produce sufficient cannabis flower to manufacture more than 110,000 bottles of medicinal cannabis oil every year. Expanding Little Green Little Green’s sequential expansion in recent months has seen the company launch a new medicinal cannabis oil product called LGP Classic CBD 50 – a whole plant extract cannabidiol (CBD) oil without the addition of the psychoactive tetrahydrocannabinol (THC) compound. LGP Classic CBD 50 is classified as a Schedule 4 medicine, which simplifies the prescription pathway for healthcare practitioners in Australia,…

Excerpt only …
READ MORE BELOW
Source : CANNANNEW REPORT
Link to original : Little Green Pharma obtains expanded medicinal cannabis licence
reposted by Cannabis News World

This site uses Akismet to reduce spam. Learn how your comment data is processed.