Health Canada Provides Updates that include new Sanitation Standards
Health Canada has issued a supplement to their Good Production Practices (GPP) that includes new sanitation requirements. Canada is raising the bar for manufacturing standards for Medical Cannabis Facilities.
Cannabis Clean, a wholly owned subsidiary of BLDV will soon be releasing their new standards based on the Good Agricultural Practices (GAP) and the Good Manufacturing Practices (GMP) that are being developed in Israel as part of the move toward bringing Cannabis Manufacturing in line with other Biotech Industries.
Cannabis Clean will use these new standards as the core of their new customized offering being launched on November 1, 2017. The new sanitation standards developed in Israel will meet the requirements of Health Canada.
Extract above from 9/6/17 PR: http://www.otcmarkets.com/ajax/showNewsReleaseDocumentById.pdf?id=27159
- Rhinegold, this part of the 9/6 PR caught my eye as something potentially bigger than we think. Notice how BLDV's Cannabis Clean is at the forefront of the market and changing legislative requirements when considering the following:
1. BLDV's 6/28/17 PR demonstrated to us how BLDV is on the forefront of developments in technology and cannabis practices and standards where BLDV first mentioned GAP and GMP standards in Israel and the technologies being developed.
2. BLDV follows up in the 9/6 PR to let us know of Cannabis Clean's upcoming launch in November that will incorporate GAP and GMP which are being developed in Israel.
3. The 9/6/17 PR also informs us that Health Canada has issued a supplement to their Good Production Practices (GPP) that includes new sanitation requirements which will be met by the new sanitation standards developed in Israel (link back to #1).
GPP/ACMPR link: https://www.canada.ca/en/health-canada/services/drugs-health-products/medical-use-marijuana/licensed-producers/additional-information-licensed-producers-under-access-cannabis-medical-purposes-regulations.html#a2
Based on the items presented above, I think that Cannabis Clean will add shareholder value by using GMP and GAP technologies developed in Israel to capture MMJ sanitation market share in Canada as GPP legislative requirements evolve. I think the timing of Cannabis Clean's upcoming launch in November and the Israeli technology they are using are two key ingredients that can help add some decent shareholder value.