MMJ Phytotech Ltd Started Cannabis Cultivation
Started Cannabis Cultivation: MMJ Phytotech Ltd (ASX: MMJ) recently reported that their United Greeneries, (UG) Canadian-based subsidiary, started cannabis growing operations at their Duncan Facility. The cultivation started after they got an Import Permit from Health Canada (“HC”) and the Canadian Food Inspection Agency (“CFIA”) approval enabling an importation of 1kg of cannabis seeds. UG started with the staged expansion of the Duncan Facility, with starting production of over 7,500 kg of cannabis by the end of 2018. UG intends for a production capacity of the Duncan Facility to circa 60,000kg. The group has also progressed on the definitive agreement with Harvest One Capital Corp. (“Harvest One”) (TSX-V NEX: WON.H), regarding the proposed listing of UG and Satipharm AG (“Satipharm”) on the TSX-V via the reverse takeover of Harvest One. Lately, Harvest One has launched C$15 million equity raising.
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