The owners of a Kirkland Lake cannabis production facility announced they are now federally licensed to extract and produce cannabis oil.
48North Cannabis Corporation called it another “milestone” moment in receiving a supplemental licence from Health Canada to use an ethanol extraction process for making cannabis-infused products. The Canadian market goes legal in October.
Once the company has produced and inventoried saleable batches of oil, Health Canada will do a final inspection to secure an amendment permitting the sale of cannabis oils.
The Toronto company’s subsidiary, DelShen Therapeutics, runs a commercial growing operation on an 800-acre piece of land near Kirkland Lake.
DelShen received a licence to produce in February 2017 pertaining to the 40,000-square-foot building on the property. The harvesting of its first crop occurred last November.
Since the company received a sales licence on June 22, it’s sold dried cannabis to a number of other licensed producers.
48North’s long-term strategy is to become a leading player in the women’s health and wellness market with products such as vape pens, cannabis edibles, cosmetics, and skincare.
The company has launched Latitude, its first lifestyle brand and online storytelling platform to empower and educate women on cannabis use.
"We continue to deliver on our business strategy moving towards the production of next generation cannabis-infused products that we believe will be the preferred manner of cannabis consumption for many Canadians in the upcoming legal adult recreation market," said 48North CEO Alison Gordon, in a Sept. 17 news release.
“Now that we are equipped with the license to produce cannabis oils, we expect to be well prepared to sell our oil in the adult recreational market upon approval by Health Canada."