LGP 2.06% 9.9¢ little green pharma ltd

Ann: Medicinal Cannabis Permit Granted for Expanded Facility, page-4

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    This is how money can grow on trees.The Office of Drug Control (ODC) has given the green light to an expanded cultivation facility in Western Australia that can produce 110,000 bottles of medicinal cannabis oil each year.Little Green Pharma (ASX: LGP) completed the facility in March to lift its production capacity 10-fold, including nine flowering rooms with automated technology, two mother plant rooms and two vegetation roomsThe granting of a Medicinal Cannabis Cultivation and Production Permit is another string in the bow for Little Green Pharma, which since listing in February has also received a manufacturing licence to make its own cannabis extracts in-house and received permission to supply its extracts to certain third-party manufacturers.Today's announcement will allow LGP to ramp up production, adding to its well-established third-party flower and resin supply lines it expects will help ensure growing demand requirements can be met.
 
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