by Castanet Staff CASTANET - Jul 27, 2015 / 3:11 pm
A Lumby company is one step closer to becoming a licensed producer under Canada’s marijuana for medical purposes regulations. True Leaf Medicine International Ltd. has received “additional enhanced screening” notice from Health Canada. As of March 15, there were 25 licensed applicants in Canada. True Leaf’s application is among the 324 remaining of the total of 1,284 applications received. A total of 934 applications have been rejected or withdrawn. Health Canada set an Aug. 3, 2015, deadline for answers to its questions regarding the applicants. True Leaf made its original licence application submission on July 30, 2013, and received ‘ready-to-build’ approval on Jan. 28, 2014. “We’re optimistic that the additional enhanced screening means the government is close to the next phase,” said CEO Darcy Bomford. “We’re doing everything we can to demonstrate that we’re serious about respecting the legal licensing route.” While True Leaf waits for Health Canada to approve its application for a licence to produce and distribute medical marijuana in Canada, it is establishing a niche in the North American cannabis industry by focusing on quality of life for pets with the True Leaf Pet brand. The company is looking for investment partners and up to $3 million in capital as it prepares to launch hemp-based pet treats this fall.
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