WeedMD Inc set to enter growing cannabis oil market with new licence

Progress at WeedMD Inc (CVE:WMD) just keeps rolling on..

Today, the group said it had received a supplemental licence from Health Canada to produce medical cannabis oils – an important market.

“This is an important milestone in our path and commitment to providing physicians and their patients with alternative, more convenient and dose-controlled consumption methods,” said Bruce Dawson-Scully, chief executive.

The firm aims to start research and  production of cannabis oils immediately, and to that end, has imported a purpose-built high-throughput ethanol extraction machine from Germany.

With ethanol extraction, a clean product can be generated that exceeds the regulator’s strict guidelines, while providing a scalable and low-cost platform to service the future demand for oil and other extracted products.

Once WeedMD

... read more at: http://www.proactiveinvestors.com/companies/news/179468/weedmd-set-to-enter-growing-cannabis-oil-market-with-new-licence-179468.html

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