Wildflower Advances Multiple MMPR Applications
December 8th, 2014
News, Top News
Wildflower Marijuana Inc. (CSE: SUN), an aspiring licensed producer of medical marijuana under Canada’s MMPR program, has two pending application with Health Canada and may have plans to file a third. On December 3, 2014, the company announced that it met with a local British Columbia municipality to set up a medical marijuana growing facility within its jurisdiction in what could be its third project.
The move comes about a month after the company announced the submission of its second application to become a licensed producer under the MMPR program. If approved by the regulatory body, the company would be licensed to grow up to 7,000 kilograms of dried marijuana in the first year and 10,000 kilograms of dried marijuana in the second year in approximately 15 separate grow rooms.
In addition to its MMPR applications, the company expanded its business plan earlier this year to include a tissue culture laboratory. The lab will provide marijuana growing material rather than reproducing plants through traditional cuttings from a mother plant, which reduces many of the problems associated with traditional cloning, such as contamination and diseases.
By exposing plant tissue to a specific regiment of nutrients, hormones, and light under sterile conditions, the company’s plants will be characterized by disease free growth, a healthier root system, more robust medicine, and a higher survival rate. There are only a handful of tissue labs on the continent with many operating at fully capacity, which could yield a significant opportunity over the near-term.
Since April of 2014, the company’s stock has risen from $0.01 per share to a high of over $0.20 per share before dropping back down to its current levels at $0.09 per share.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
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