The Company’s wholly-owned subsidiary has made application for a Cannabis licence under the Cannabis Act. The Company’s aim is to become a vertically integrated cannabis company focused on seed to retail. The Company’s business will incorporate growing, extraction, production and retail. Once legalized, the Company also expects to produce edible products, distillates and water-soluble products for the beverage market. In addition, the Company’s subsidiary owns a 19.9% stake in a private retail-focused cannabis company with access to retail store licences in Alberta and other retail opportunities across Canada.
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