TORONTO--(BUSINESS WIRE)--PRESS RELEASE--FSD Pharma Inc. has announced that its wholly-owned subsidiary, FV Pharma Inc., a licensed cannabis producer under the Cannabis Act, has received its Standard Processing License. According to Health Canada’s new Cannabis Act regulations, the Processing License is required for any facility that is processing more than the equivalent of 600 kg of dried flowers per year.
Dr. Raza Bokhari, executive co-chairman and interim CEO, stated, “This is a milestone for our company and is welcome news for our Cobourg facility. Receiving the Processing License allows the company to begin packaging cannabis for inspection by Health Canada. Effectively, this is the next step to applying for a pre-sale inspection, which we expect will be scheduled very soon. With the pre-sale inspection just around the corner, we anticipate receiving our sales license and begin generating a revenue stream.”
