CannaRoyalty (CSE:CRZ) announced one of its investee companies AltMed will form AltMed Florida in combination with Plants of Ruskin.
As quoted in the press release:
Ruskin has been granted one of only nine Medical Marijuana Treatment Center (“MMTC”) licenses in Florida.
The formation of AltMed Florida will open the entire Florida market to AltMed’s award-winning line of MüV™ cannabis infused products, which are anticipated to be available to patients statewide in Q1-2018 via delivery and through MüV by AltMed Florida dispensaries. AltMed Florida will grow its dispensary footprint with up to 25 total dispensaries available to it, as patient demand grows. Ruskin owns and has already received zoning, land use and permitting for its state-of-the-art 150,000-square-foot cultivation and manufacturing facility.