Chestnut Hill Tree Farms is no longer a medical marijuana treatment center in Florida, its license has transferred over to Liberty Health Sciences that has been operating in Florida with an exclusive Management Agreement. Liberty Health is a Canadian based company that now has full control of all facilities and grow operations of Chestnut Hill. Canada has made legal marijuana a major focus of its economy and its reach is becoming global now. Do you think whether a company is based in the United States or Florida specifically will have anything to do with consumers’ decision where they shop for medical marijuana?
Liberty Health Sciences Inc. (CSE: LHS) (OTCBB: LHSIF) (“Liberty” or the “Company”) today announced that the Florida Department of Health, Office of Medical Marijuana Use, approved the transfer of the license to cultivate, process and dispense medical marijuana in the State from Chestnut Hill Tree Farm LLC (“Chestnut”) to Liberty, effective September 28, 2017.
This approval, the first of its kind in the State of Florida, sees Liberty take over full ownership of Chestnut’s Medical Marijuana Treatment Center (“MMTC”) license, facility and operations. The change of ownership makes Liberty an officially licensed MMTC, with authorization to cultivate, process, and dispense medical marijuana in the State. Prior to obtaining the approval to transfer the license, Liberty was operating under a State-approved exclusive Management Agreement with Chestnut. With the approval, the Management Agreement dissolves.
We’re thrilled with the Florida Department of Health’s decision to approve the transfer of the license. We look forward to continuing to help patients in the State of Florida improve the quality of their lives. The agreements we’ve established with Aphria allow us to employ their industry leading and proven cultivation and processing techniques, while offering a full array of Aphria products to the citizens of Florida via home delivery and at our forthcoming Medical Cannabis Education Centers.
Liberty’s previously announced Part II expansion plans for its Alachua, Florida facility remain on track. This expansion will increase Liberty’s annual medical cannabis production to 3,000 kgs by March 2018.
Liberty Health Sciences Inc. (“Liberty”) is an investor and operator in the medical cannabis market, capitalizing on new and existing opportunities in U.S. states where medical cannabis is legal. Liberty’s stringent investment criteria for expansion maximizes returns to shareholders, while focusing on significant near and mid-term opportunities. Liberty has an extensive background in highly regulated industries, with expertise in becoming a low-cost producer. Liberty leverages commercial greenhouse knowledge to deliver high-quality, clean and safe pharmaceutical grade cannabis to patients.
Original press release: http://www.newswire.ca/news-releases/liberty-health-sciences-incs-license-transfer-application-approved-by-the-florida-department-of-health-office-of-medical-marijuana-use-648626403.html