May 30, 2019
Jamie Blundell, President & COO is pleased to provide the following update on Scientus Pharma, one of CGOC’s private holdings:
HydRx Farms Ltd. (operating as Scientus Pharma Inc. “Scientus Pharma”), one of CGOC’s private portfolio holdings announced this week that it had received its Oils and Capsules Sales License from Health Canada pursuant to the Cannabis Act and its Regulations.
This License to sell oils and capsules, effective May 24, 2019, is the latest approval in a series of licensing achievements for Scientus Pharma and comes on the heels of the oils and capsules Production License granted by Health Canada in October 2018. Scientus Pharma is also licensed to both produce and sell dried cannabis.
Scientus Pharma’s patented technology platform enables it to consistently achieve >99.5% activation of the cannabinoids (a process known as decarboxylation). This level of decarboxylation is in contrast to the range of values currently achieved using the industry-standard extraction processes (between 0-95% decarboxylation).
Scientus Pharma’s fully decarboxylated oils and capsules, branded as “Medisenol”, will begin shipping in 4-6 weeks. To sign up for the Medisenol waitlist, please visit www.medisenol.com.
Follow this link to read the full press release.
About Scientus Pharma Inc.
Scientus Pharma Inc. conducts scientific research on cannabinoids with a focus on developing and commercializing pharmaceutical-grade cannabinoid derivative products. Scientus Pharma is a vertically-integrated biopharmaceutical Licensed Producer under the Cannabis Act and its Regulations and also a Licensed Dealer under the Narcotics Control Act and its Regulations.
Scientus Pharma is one of a limited number of Licensed Producers in Canada authorized to conduct R&D and fully handle cannabinoid products with the ability to wholesale, buy, process and sell cannabinoid derivatives, from and to other Licensed Producers, as well as international markets.
For more information, please visit www.scientuspharma.com
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