including cultivation, processing, manufacturing, extracts and medicinal research and development.
For our readers, FSD’s website can be accessed by clicking here. FSD has had so many exciting announcements lately it is really hard to know where to start here but let me first say that the order of the questions and their subject matter is not a ranking of any kind.
So … let’s start with the basics. What is your current licensing status as it relates to cultivation (dry), production (oils), and sales of each … what is the significance of the recent Health Canada license to FSD allowing FSD to sell to other LPs … I am thinking at least in part to assist them with any current supply management issues …?
FSD Pharma was granted its cultivation license on October 13, 2017 and has been harvesting monthly as of September 2018 on a 25,000 square foot indoor space. FSD Pharma’s wholly-owned subsidiary, FV Pharma Inc. under the ("ACMPR") has been migrated to the Cannabis Act and its regulations, effective November 8, 2018. The issuance of the new cannabis license includes the ability to sell cannabis to other licensed producers in accordance with subsection 11(5) of the Cannabis Regulations. We see the issuance as an attempt to address the nation wide on-going recreational shortage in Canada and giving producers the opportunity to begin distribution prior to being issued a full sales license.
From there … we seem every day to be bombarded with conflicting information about the supply situation … from this could last year to our Prime Minister recently stating that the supply shortages will be gone in approximately a year. What is your take on this or … your position … your industry supply outlook if you will …?
We believe the cannabis industry is still in its infancy for the next few years, despite Canadian legalization having been anticipated since 2014. The recreational market is experiencing shortages in the first year already, while Ontario home of FSD Pharma also the most populated province in Canada, hasn’t commenced edible sales, retail location sales, oil extraction sales, and has many more government regulations to be revised before we see the full
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