Aleafia Health Inc (OTCMKTS:ALEAF) is quite pleased by the latest move by Health Canada. The regulatory body has made two license amendments for the company. This means that the business will now be able to expand its processing capabilities.
The Paris facility
Analysts have commended the company saying that they will be able to soar higher in terms of business. The target will now be channeling efforts into the sales activities at the company’s Paris Processing facility.
The new wave will see the business engage in the sale of some new product formats. These amendments are set to influence the way things are done in the company’s Paris location.
This business has been making efforts to have the regulatory body add to its licensed production space. These are motivating news, and it seeks to take advantage of the new changes to take up the leadership position in the market.
The CEO of Aleafia Health Geoffrey Benic, has termed the recent amendments as being quite well-timed. He is optimistic that they will impact the diversity of their Paris location. This leader also spoke about their additional processing capacity. The company will be seeking to ramp up the production of its oil-based products, most of which are derived from ist outdoor harvest.
The first license amendment focused on authorizing a series of the company’s activities. Some of these included packaging, extraction, and labeling in some four of the company’s rooms. The changes are going to see the company through its dream of increasing the yields of its finished cannabis products.
On the other hand, the other license gives the company a nod to freely focus on the production and the sale of extracts and edibles. It hopes to maximize its production capacity to satisfy the high demand in the Canadian market.
Aleafia Health also forwarded its final Site Evidence Package (“SEP”) to the regulator. It seeks to have Health Canada expand its Paris Processing facility further. The business won’t be leaving anything to chance in line with playing up to all of the Health Canada requirements. Soon, it will be up and running. It seeks to engage in the exportation of its medical cannabis products to the expansive European Union market.
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