CGB 0.00% 2.1¢ cann global limited

Ann: Q&A on the merger of QBL MCL and Medcan, page-290

  1. 13,316 Posts.
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    As people won't read announcements or do basic research I will do it for them....​

    Firstly from page 1 of the ASX announcement "Medcan is the holder of an Office of Drug Control (“ODC”) Medical Cannabis Production License (Australian Cultivation & Production Licence)"

    From ODC website below is the three type of medical cannabis licences - which Medcan per above has the first one authorising cultivation and production as per what they stated in their ASX release. ​

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    "There are three types of licences relating to the supply of medicinal cannabis products available:​

    • medicinal cannabis licence authorising cultivation or production or both
    • cannabis research licence authorising similar process for research purposes
    • manufacturing licence authorising the manufacture of a drug or product."
    Source: ODC Website
 
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