EPHS Holdings Inc. Receives License For Commercial Cannabis Cultivation
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6:00 AM ET 10/16/18 | BusinessWire
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BOYNTON BEACH, Fla.--(BUSINESS WIRE)--October 16, 2018--
EPHS Holdings Inc. (OTCQB: STNN) ("EPHS" or the "Company"), together with its joint venture partner, Merritt Valley Cannabis, announced it received approval for their pending commercial cultivation license, identified as a license for Access to Cannabis for Medical Purposes Regulation ("ACMPR"), from Health Canada. The license was received on Friday, October 12, 2018.
EPHS may now produce cannabis for medicinal and recreational purposes, including licensed products such as dried or fresh cannabis flower, cannabis oil, starting materials and plants at the Company's state-of-the art facility, based in Quebec, Canada.
Having obtained its ACMPR license, the Company will be required to apply for an additional sales license. In applying for a sales license for cannabis, EPHS will be required to submit its first two cannabis crops to Health Canada for inspection. The inspection will examine the cannabis for contaminants and environmental control. Once the license is granted, EPHS be able to sell cannabis to licensed distributors throughout Canada.
EPHS' CEO, Gianfranco Bentivoglio stated "To say these are exciting times is an understatement as the legalization of marijuana continues to grow."
Economic studies have shown that 1 million square feet of cannabis operations will produce on average 500 direct and indirect jobs and an estimated 1 billion dollars of economic benefits for the region.
About EPHS Holdings Inc.
EPHS Holdings Inc., together with its joint venture partner, Merritt Valley Cannabis, is a licensed commercial cannabis cultivator engaging in the cultivation, possession, research, processing, sales and distribution of medicinal and recreational cannabis under the laws of the Health Canada ACMPR license.
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