Emblem Corp. (TSX-V:EMC)(OTCQB:EMMBF) is pleased to announce that it has received confirmation from Health Canada that its license under the ACMPR will be amended to permit the production of cannabis oils.

“This is an incredibly important milestone for us as a company,” says Gordon Fox, CEO of Emblem Corp. “With our ability to extract cannabinoids we can now actively execute the business plan we’ve built for our pharmaceutical division.”

“Cannabinoids have real therapeutic value, as evidenced by the products Cesamet, Marinol and Sativex all having been approved as prescription drugs by Health Canada,” says John H. Stewart, CEO of Emblem Corp’s. pharmaceutical division. In addition, there have been numerous reports published in the scientific literature pertaining to the medical use of cannabinoids – with evidence of efficacy in patients with chronic pain, multiple sclerosis, nausea, neuropathic pain, PTSD and wasting syndrome.

“The active components in cannabis will be extracted, purified and incorporated into advanced formulations, in order to enhance their therapeutic utility,” adds Stewart.

Emblem Corp. has invested over $1 million CAD to date into its extraction and purification platform including a supercritical CO2 extractor, purpose built rooms, and analytical equipment.

Emblem has stockpiled a significant amount of both bud and trim for extraction and is pleased to announce that, in addition to those rooms in its current facility that will be licensed for extraction under this amendment, Emblem plans to construct a 2,500 sq. ft. dedicated extraction and formulation development laboratory on its property in Paris, ON. Additionally, Emblem has hired three scientists to work exclusively in this division to pursue the development and manufacture of advanced dosage forms of cannabinoids.

This license amendment will enable Emblem to better serve patients by providing a broad range of cannabis products.
About Emblem Cannabis
Emblem is licensed under the Access to Cannabis for Medical Purposes Regulations (the “ACMPR”) to cultivate and sell medical marijuana. Emblem carries out its principal activities producing marijuana from its facilities in Paris, Ontario pursuant to the provisions of the ACMPR and the Controlled Drugs and Substances Act (Canada) and its regulations.

Click here to connect with Emblem Corp. (TSX:EMC).

American cannabis sales hit US$17.5 billion in 2020, a research group’s new study shows.

Meanwhile, a Canadian cannabis producer began offering CBD beverages in the US, another move that shows how interested Canadians are in the overall US cannabis market at the moment.

Keep reading... Show less

An Emerging Markets Sponsored Commentary

Some pretty important news out of health and wellness; beverage and natural products company BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) this week. For those of you following the Company with us, stay tuned.

Keep reading... Show less

As investors continue to prioritize cannabis opportunities in the US, market watchers expect mergers and acquisitions (M&A) to play a role in the future for Canadian companies.

A consolidation trend has been expected in the Canadian cannabis space for some time now based on the size of the market compared to the number of operations in the country.

Keep reading... Show less

The product will include polyphenols known to have significant health benefits.

BioHarvest Sciences Inc. (CSE: BHSC) (“BioHarvest” or the “Company”) has reached an important milestone in its development program of additional Nutraceuticals. The olive-based Nutraceutical product scheduled for market availability in the second half of 2022 will contain the following unique matrix of polyphenols: hydroxytyrosol, trosol, and verbascoside. These compounds are the major polyphenols in naturally grown olives and are responsible for the high antioxidant activity of olives and olive oil. Importantly, the BioHarvest olive-based Nutraceutical product will provide all the benefits of olives and olive oil with a low calorie count per serving.

Keep reading... Show less

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it will report financial results for the fourth quarter and full year ended December 31 st , 2020 on Thursday March 25 th , 2021 before the market opens.

The Company will host a conference call and webcast to discuss its financial results and provide investors with key business highlights on Thursday March 25 th , 2021 at 8:30am Eastern Time (7:30am Central Time).

Keep reading... Show less