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.'
Since the end of February, Health Canada has approved three new licensed producers.
Ontario based DelShen Therapeutics was initially licensed by Health Canada on February 28th. They are not yet publicly listed, nor has any public company taken a stake in DelShen, however they do have an interesting partnership with their Northern Ontario community. To find out more on DelShen, read our article here introducing them as the 39th licensed producer pursuant to ACMPR.
Evergreen Medicinal Supply Inc.
The 40th ACMPR licensed producer, Evergreen Medicinal Supply was approved on March 16th, 2017. Although not publicly listed themselves, the Cronos Group (TSXV:MJN)(OTC:PRMCF) has an arrangement in place to acquire up to a 25% stake in Evergreen Medicinal Supply.
Acreage Pharms Ltd.
Acreage Pharms Ltd. became the 41st licensed producer pursuant to ACMPR on March 29th. Acreage Pharms Ltd. is also not publicly listed themselves, however Invictus MD Strategies Corp. (TSXV:IMH)(OTC:IVITF)(FRA:8IS) has an option to acquire the company in its entirety. Read more about Acreage Pharms in Invictus' news release here.
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