Vancouver, British Columbia--(Newsfile Corp. - September 26, 2018) - North Bud Farms (CSE: NBUD) is one of the latest new listing on the Canadian Securities Exchange. North Bud Farms Inc., through its wholly-owned subsidiary GrowPros MMP Inc. which was acquired from Tetra Bio-Pharma Inc. in February 2018, is pursuing a license under the Access to Cannabis for Medical Purposes Regulations. The application is now in the Detailed Review stage.
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Based on its knowledge of the licensing process under the ACMPR, the North Bud expects that it will be in a position to obtain its Cultivation Licence by January 2019, and its Sales License by December 2019. The company will be constructing a state-of-the-art purpose-built 25,000-square foot GMP grade indoor production facility, which will be located on 95 acres of Agricultural Land in Low, Québec, approximately 50 kilometres north of Ottawa.
North Bud Farms will be focused on Pharmaceutical and Food Grade cannabinoid production in preparation for the legalization of edibles and ingestible products scheduled for October 2019.
Ryan Brown, Founder and CEO, stated: "We are proud to achieve this milestone in advance of the historic legalization of Cannabis in Canada on October 17, 2018 and less than 10 months since the Company's inception which is a testament to the dedication and execution of our experienced management team."
For more information, please visit the company's website at www.northbud.com, contact Edward Miller, VP Investor Relations & Communications, at 855-628-3420 Ext 3, or email [email protected].
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