Today's chart of the day shows the total number of Licensed Producers authorized by Health Canada under the Access to Cannabis for Medical Purposes Regulations, or 'ACMPR.'
As of January 10th, the number jumped from 37 Authorized L.P.s to 38 Authorized L.P.s when Health Canada gave the green light to James E Wagner Cultivation Ltd. Given that this L.P. in't associated with a public issuer, there was very little news coverage regarding the new L.P.'s authorization on the 10th.
In search of further details about the newly authorized L.P., we gave a quick dig through the company's Twitter feed @JWCmed. Back in March of 2014, it seems like they purchased 15,000 square foot facility to be outfitted for cannabis cultivation.
Assuming the company was approved to cultivate all 15,000 square feet, this new L.P. will be able to cultivate a large amount of cannabis. Without the approval to sell cannabis, the new L.P. will have to rely on other existing L.P.s with licenses to sell the cannabis.
A few L.P.s also licensed to sell the product include OrganiGram, Tweed (owned by Canopy Growth Corp.) and more. The Daily Marijuana Observer has reached out to James E Wagner Cultivation Ltd. for an interview regarding the recent authorization, and we'll be sure to update readers with any new updates on the matter.
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