Marijuana Super Grow Facility Launch in Canada Delayed Amid Issues

NEW YORK (MainStreet) — Creative Edge Nutrition (FITX) CEO Bill Chaaban had hoped to open a super grow facility this summer in Canada but the launch was delayed.

"Health Canada inspectors were present on July 31, 2014 and conducted their pre-license inspection,” stated Chaaban in an August 25, 2014 press release. “The facility was built according to specifications provided to Health Canada.”

A partially owned subsidiary of Creative Edge Nutrition, CEN Biotech submitted an application to become a licensed producer of dried marijuana for medicinal purposes.

“I can’t comment on an application that is currently in process,” said Sara Lauer, spokesperson for Health Canada, the equivalent of the Department of Health in the U.S. “We‘re pretty consistent in inspecting and approving.”

Although Health Canada inspectors have come and gone to CEN Biotech, the facility has yet to be licensed.

“After pre-licensing, if you’re approved they will allow you to start growing while you wait for your license to be issued,” said Chaaban about inspection.

So far, 22 commercial producers are licensed but only 13 are included on Health Canada’s website. “Some may have been approved but their website or facilities aren’t yet up and running,” said Lauer. “We are still considering others.”

The list of approved commercial producers includes Tilray, Tweed and Canna Farms.

“There’s no set timeline for when a facility is licensed after inspection,” Lauer told MainStreet. “Approval depends on the applicant and it’s on a case by case basis.”

CEN Biotech wants to supply the Canadian public with pharmaceutical grade medical cannabis under the newly established Marihuana for Medical Purposes Regulations (MMPR).

If you liked this article you might like

What the Government Is Doing About the Hidden Fees That Cut Into Retirement Savings

Workers Nearing Retirement Seek Last-Minute Returns in ETFs

Target-Date Funds, Job Stability Help Millennials Save More for Retirement

Hot Sectors for 2015: Preferred Stock, Global Equities, Currency

A Lack of Communication Prevents Couples From Saving Enough for Retirement