Lifeist Wellness Inc (NXTTF)

[PotterBanker]

What does Namaste's current Oil Production license allow them to do?

Still digging on this one, but so far it looks like CannMart has been issued an OIL production license, but not an oil sales license.

https://www.canada.ca/en/health-canada/services/drugs-health-products/medical-use-marijuana/licensed-producers/authorized-licensed-producers-medical-purposes.html

If you go down the OIL column you'll see that some LP's have received OIL sales licenses and some have received just a "production" license. CannMart has a "production" license for oil.

So what does that mean?

I haven't seen PR from Namaste on what it really means yet, but judging from the PR released from others with production but not sales licenses it means the following:
"....is pleased to announce that the Company has been licensed by Health Canada to produce medical cannabis oils.
Once ******* has saleable extracted finished products, Health
Canada will conduct a final inspection to approve
the sale of cannabis oils by the Company."

The details I'm interested in are does that license then allow Namaste to start doing extraction of their own? or does it allow them to bring in oil from other extractors and then do the testing and packaging prior to getting the oil sales license?

Maybe we can get Kory to clarify that in the next 420?