Tilray’s (NASDAQ:TLRY) recreational subsidiary, High Park Holdings, announced it received a standard processing license for branded cannabis products in its London, Ontario facility.

As quoted in the press release:


The license will also allow High Park to conduct certain research and development activities on new cannabis form factors.

Led by High Park’s team of industry experts responsible for innovation, research and the development of High Park’s portfolio of cannabis products, the facility will be utilized to process a wide-range of finished branded products from dried cannabis into differentiated form factors such as edibles (including oils, confectioneries and beverages), topicals, and concentrates, exclusively for the adult-use cannabis market in Canada, once permitted by laws and regulations.

“This license marks another step forward as High Park increases its capacity to supply differentiated form factors of branded cannabis products for adult-use consumers in Canada,” says Brendan Kennedy, Chief Executive Officer, Tilray. “We believe great brands and products are critical in the long-term endurance of a dynamic legal cannabis industry, and we’re pleased to be well-positioned to meet the increasing demand for these products.”

Click here to read the full press release.

Source: www.businesswire.com

BevCanna Enterprises (CSE:BEV,OTCQQ:BVNNF,FWB:7BC) CEO Marcello Leone shared how the company is scaling up its products to forge partnerships and explore opportunities across Canada, the US and Western Europe. 

“Getting your standard processing license and being fully compliant at a federal level is critical in Canada, and we were successful in getting that done. Now we’re getting ready to launch our Keef line of beverages within the next 45 days,” Leone said. 

As a young company, Leone said BevCanna has only started, but it took a four-pronged approach to make sure that it is a revenue-generating company prepared for the opening of many jurisdictions for CBD-based products.

“We are blessed that we have a beautiful infrastructure of our own, a state-of-the-art bottling facility with a capacity of almost 200 million bottles per annum and a strong balance sheet of $55 million. We are in a strong position to scale and grow this company.”

BevCanna has received a Standard Processing License from Health Canada and is now fully authorized to begin production at its full-service, high-capacity beverage manufacturing facility. The company will begin production of its white-label products, number one US cannabis beverage brand Keef and its in-house beverages through licensed Canadian retailers, positioning the company to fully capitalize on the burgeoning Canadian cannabis-infused beverage sector.

Watch the full interview with CEO Marcello Leone above.

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