TerrAscend (CSE:TER) announced its subsidiary Solace Health obtained an oil production license from Health Canada.
As quoted in the press release:
This important milestone will enable Solace to commence the commercial production and formulation of cannabis-derived oils for its consumers.
Michael Nashat, TerrAscend’s President and CEO, noted, “Our team’s efforts and experience have enabled Solace to exceed industry standards in progressing through Health Canada’s licensing processes. The granting of our oil production license is an especially exciting milestone for the Company as we continue our efforts towards providing high quality and consistently dosed cannabis products to support the health and wellness of our consumers”