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:
Source: ODC Website
- 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."
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- Ann: Q&A on the merger of QBL MCL and Medcan
Ann: Q&A on the merger of QBL MCL and Medcan, page-290
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