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INDIVA Inc. Becomes Canada's 52nd ACMPR Licensed Producer

July 14, 2017

 

Earlier today, Health Canada announced that INDIVA Inc. has received its license to cultivate pursuant to the Access to Cannabis for Medical Purposes Regulations (ACMPR). This makes INDIVA Canada's 52nd licensed producer. 

 

INDIVA Inc.  has signed a binding LOI to complete a reverse merger transaction with Rainmaker Resources (TSX-V:RIR) that will result in the company's listing on the TSX Venture Exchange.

 

As they are not public yet, there is not much information out there about INDIVA. According to their press release announcing the LOI, when complete INDIVA's facility will comprise 36,000 square feet, 23,000 of which will be used for growing. As usual, this is subject to Health Canada's approval of the space. 

 

The company's President, CEO, Director and Founder is Niel Marotta. Niel Marotta was formally a top performing fund manager at Fidelity Investments, where he managed a $1 billion portfolio. He also previously served as a Vice President at a TSX listed natural resource company. 

 

Conclusion

 

The Daily Marijuana Observer will be sure to keep readers up to date regarding developments at INDIVA Inc. along their journey both as an L.P. and as they prepare to list on the TSX Venture. 

 

Be sure to subscribe to their free Canadian L.P. email newsletter so you never miss an important update regarding any one of the now 52 licensed producers. 

 

If you haven't already, be sure to connect with The Daily Marijuana Observer on FacebookTwitter and Instagram.

 

D/M/O

 

Disclaimer
 
Investing in nanocap, microcap, and small cap stocks is highly speculative. The publishers of DailyMarijuanaObserver.com are not registered as Investment Advisors or Broker-Dealers in any jurisdiction whatsoever. The information contained on DailyMarijuanaObserver.com (“this site”) has been prepared solely for informational purposes. Nothing on the site is an offer or solicitation to buy or sell securities. Investors should seek financial advice regarding the appropriateness of investing in any securities mentioned from their financial advisor.​

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Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.