SASKATOON, Saskatchewan–(BUSINESS WIRE)–CanniMed Therapeutics Inc., (TSX: CMED) (“CanniMed”) through its wholly owned subsidiary SubTerra LLC (“The Company”), has received municipal approval from Carp Lake Township, Michigan, to apply for State of Michigan licenses for both the production and processing of medical cannabis.
The Company intends to submit an application for a Class C Grower License as well as a Processor License to the State of Michigan on or about the opening of the application period, December 15, 2017. Upon receipt of the State Licenses, it is the Company’s intention to apply for Federal approval to conduct medical cannabis research through the US Food and Drug Administration (FDA) and the Drug Enforcement Administration (DEA).
“Municipal approval is the first milestone to further our pursuit of producing medical cannabis in the United States,” said Brent Zettl, President and CEO, CanniMed. “Our biosecure SubTerra underground facility can scale extremely quickly as a result of its unique, patented infrastructure in the subterranean environment. We have been working diligently towards this goal for the last number of years and are confident that we will bring our 17 years of quality medical cannabis cultivation experience to SubTerra’s Michigan facility.”
SubTerra LLC is a plant-based pharmaceutical manufacturer located in White Pine, Michigan committed to the production of Active Pharmaceutical Ingredients (API), such as high value proteins and phytochemicals. SubTerra is unique in that all crops are grown in a patented, biosecure underground environment, resulting in a number of key benefits:
Controlled environment: conditions within the growth chambers are completely controlled through automation of lights, cooling, and water. SubTerra crops are afforded uninterrupted growing cycles, resulting in maximal product yields on a continuous basis Rapid growth potential: As a result of the controlled environment, plants grow better in biosecure underground facilities than in fields or greenhouses Growing excellence: