ATHOLVILLE, New Brunswick--(BUSINESS WIRE)--International Herbs and Medical Marijuana Ltd is pleased to confirm that Health Canada has issued a License to Cultivate for its Atholville facility.
Combined with an earlier License for its Delta, BC facility, the Company now has a Coast to Coast presence.
"This is a significant milestone and the result of hard work on the part of our staff and contractors," stated CEO Kevin Coft. "This would not have been possible without the assistance of our MP, Rene Arsenault, our MLA's Donald Arsenault and Giles LePage and the financial investment of both Opportunity New Brunswick and the Listiguji Government."
Coft expects to commence production within a few weeks. "We expect to hire approximately 40 employees over the next few months. To date we have invested approximately $15 million in the local economy. Concurrent with our cultivation activity, we plan to continue to expand our facility to create additional production capacity. Once fully built, we expect to create approximately 400 local jobs."
International Herbs and Medical Marijuana is poised to be one of Canada's largest supplier of Medical and Recreational Cannabis. The Atholville facility alone is 400,000 square feet. The Delta operation is the only Licensed Facility in the Greater Vancouver Regional District. The Company is also developing a 275,000 square foot operation in Stellarton, Nova Scotia. As a result, the privately held Company is well positioned to meet the Federal Government's July 2018 goal of servicing the regulated market.