Tuesday, September 26, 2017 9:34:03 AM
Oxford Investments Holdings Inc. (“Oxford” or the “Company”) (OTCMKTS:OXIHF) is pleased to provide more details of its efforts to become a licensed producer of medical marijuana in Canada. As disclosed in the Company’s June 14, 2017 press release, Oxford entered into a joint-venture agreement with Northern Green Alberta, which submitted a comprehensive application to Health Canada and subsequently received its ACMPR number from Health Canada under the Access to Cannabis for Medical Purposes Regulations. The Company is pleased to announce that Northern Green Alberta recently received notification that its ACMPR application is now at the Review and Security Clearance stage of the application process.
At this stage, Health Canada conducts a detailed review and assessment of an applicant’s physical security plans as well the applicant’s anticipated production practices and record-keeping related to cannabis production. “This is a very exciting development and a significant step forward in the ACMPR application screening process.” stated Michael Donaghy, President of Oxford.
On June 20, 2017, Oxford announced that it had established a US-based subsidiary, Pioneer Green Inc. which entered into an agreement with Drymon’s Citrus Nursery with purpose of pursuing a license to grow and distribute marijuana for medical purposes in the State of Florida. In the November 2016 elections, Florida residents voted 71% in favor of expanding the legal use of medical marijuana. Subsequently, state lawmakers have approved legislation to enact Florida’s medical marijuana constitutional amendment.
On September 19, 2017, the Florida Department of Health released its application for Medical Marijuana Treatment Center Registration (Application), which is designed to allow the Florida Department of Health, Office of Medical Marijuana Use (OMMU) to select Medical Marijuana Treatment Centers (MMTC). The application outlines all the requirements and protocols applicants must follow for the opportunity to be granted a license to produce and distribute medical marijuana in the State of Florida.
“We are pleased that Florida has finally released its license application form, and we are actively preparing our application so that it can be submitted as quickly as possible. We strongly believe that our experience in pursuing a medical marijuana license in Canada should enhance our credibility with Florida State regulators” stated Mr. Donaghy. “It is great to see positive momentum in both Alberta and Florida”.
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