Canadian Cannabis Stock News: Lotus Ventures
Inc (CNSX: $J) Cannabis Facility Permits Issued
VANCOUVER, BC - April 19, 2017 (Investorideas.com Newswire)
Lotus Ventures Inc. (CNSX: J) is pleased to report that its activities to
obtain Licensed Producer (LP) status under the Health Canada, Access To
Cannabis For Medical Purposes Regulations (ACMPR) has moved forward and we are
poised to begin construction of the first facility in 2017.
Lotus has received approval for the necessary building permit
for its proto-type facility from Spallumcheen Township near Armstrong BC. We
have received a binding financial commitment to fund the two-stage
construction, previously announced on January 30, 2017 and have received
further information that Lotus Ventures Inc. has well advanced along in the
approval process and expects to receive an affirmation confirmation from Health
Canada to commence building this year. We have also created a community
contribution profile which highlights our creation of 60 - 70 permanent jobs
from the initial $18 million investment plan in the North Okanagan region.
Health Canada has increased its budget and staffing, which will
increase the speed at which it issues affirmation confirmations and processes
LP applications. The Federal Government has issued legislation in favor of LP's
being the permitted producers in the adult recreation legal market to commence
July 1, 2018.
These announcements are material milestones for Lotus Ventures
becoming an important market participant in the rapidly-developing Canadian
regulated market for both medical and adult recreational use markets. We anticipate
events developing more rapidly, in the near future, and will keep our
shareholders informed as we move forward with our business plans.
ON BEHALF OF THE BOARD
Lotus Ventures Inc.
Dale McClanaghan, President and CEO
The Canadian Securities Exchange does not accept responsibility
for the adequacy or accuracy of this release.
For
further information, contact:
Dale McClanaghan
President and CEO
(604) 644-9844
President and CEO
(604) 644-9844
Marijuana / Hemp Stocks
Like Marijuana Stocks? View our Marijuana / Hemp
Stocks Directory
Join our Group on Linkedin - Marijuana / Hemp
Stocks - News and Trends in Green Investing
Global
Cannabis Investing -
features Investor Ideas Cannabis news
Get News Alerts on
Marijuana Stocks
Watch the 420 Cannabis Investor video
More Info:
This news is published on the Investorideas.com Newswire - a
global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital
publisher of third party sourced news, articles and equity research as well as
creates original content, including video, interviews and articles. Original
content created by investorideas is protected by copyright laws other than
syndication rights. Our site does not make recommendations for purchases or
sale of stocks, services or products. Nothing on our sites should be construed
as an offer or solicitation to buy or sell products or securities. All
investment involves risk and possible loss of investment. This site is
currently compensated for news publication and distribution, social media and
marketing, content creation and more. Contact each company directly regarding
content and press release questions. Disclosure is posted for each compensated
news release, content published /created if required but otherwise the news was
not compensated for and was published for the sole interest of our readers and
followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
Additional
info regarding BC Residents and global Investors: Effective September 15 2008 -
all BC investors should review all OTC and Pink sheet listed companies for
adherence in new disclosure filings and filing appropriate documents with
Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894.
Global investors must adhere to regulations of each country.
No comments:
Post a Comment