Choice Growers said it submitted the Evidence Package to Health Canada in relation to its cultivation and processing license application under the Cannabis Act.
The Evidence Package was filed on August 1 through its subsidiary CStar Cannabis. The company anticipates that the package is the final step prior to receiving a cultivation license.
Choice, through CStar, is in the final stages of what it believes will be the granting of a license for the production and distribution in Western Canada of “craft grade cannabis”.
With construction completed on the first phase of the company’s facility in Strathmore, Alberta, Choice believes it is in a position to start production immediately on receipt of the license.
“We are pleased to complete the final step required by Health Canada prior to obtaining a cultivation license. With the completion of our Strathmore facility utilizing state-of-the-art proprietary cultivation technology, we submitted our video evidence package and stated our ‘Affirmation of Readiness’ to Health Canada. Our experienced team is ready to conduct cultivation activities immediately upon receiving approval of our cultivation license and reaching a milestone in our goal to becoming one of Canada’s leading craft cannabis producers,” CEO Stanley Swiatek stated.
Swiatek believes that they could receive their cultivation licence within 30 days and obtain their sales licence in the first quarter 2020 for the Strathmore facility.
In addition, Choice announced the closing of its $7 million private placement of units each unit consisting of one class A common share and one half share purchase warrant, each full warrant exercisable into one additional class A common share at $0.75 per share for a period of 36 months.