Blue Diamond Ventures Inc (BLDV)

[Kool Aid Man]

"BLDV could be waiting for AMS to actually have license before announcing funding."

Here's the actual sequence of events that has to happen-->

As of May 25, 2017 the licensing process changed.

"Application Process: Becoming a Licensed Producer of Cannabis for Medical Purposes"

Effective May 25, 2017, the application process for becoming a licensed producer of cannabis for medical purposes is as follows:

1. Intake and Initial Screening
2. Detailed Review and Initiation of Security Clearance Process
3. Issuance of Licence to Produce
4. Introductory Inspection (as cultivation begins)
5. Pre-Sales Inspection
6. Issuance of Licence to Sell

NOTE: THERE IS NO LONGER A "STAGE 7." The process has been reduced to 6 (six) stages. Each step of the process is fully described in the "Health Canada" link below. Also, as of May 25, 2017 Health Canada reports:

1665 applications received
265 have been refused
428 applications are in progress
69 have been withdrawn
858 were incomplete and have been returned

https://www.canada.ca/en/health-canada/services/drugs-health-products/medical-use-marijuana/licensed-producers/application-process-becoming-licensed-producer.html

Additional Information for Licensed Producers under the Access to Cannabis for Medical Purposes Regulations:

Licensed producers are required to meet the requirements of the Access to Cannabis for Medical Purposes Regulations (ACMPR) including, but not limited to:

Physical Security Measures
Good Production Practices
Packaging, Labelling and Shipping Requirements
Import and Export permit, if applicable
Security Clearance

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