Business
Abattis Announces Expansion of Northern Vine Dealer’s License
Abattis Announces Expansion of Northern Vine Dealer’s License.
About this update from Abattis Bioceuticals Corp
[{"type":"text","content":"\n\n VANCOUVER, British Columbia, Dec. 18, 2017 (GLOBE NEWSWIRE) -- Abattis Bioceuticals Corp. (\"Abattis\") (CSE:ATT) (OTC:ATTBF) is pleased to announce that Health Canada has approved an amendment to the dealer’s license held by Northern Vine Canada Inc. (“Northern Vine”). Northern Vine is a subsidiary of Abattis and Emerald Health Therapeutics Inc. (“Emerald”) (TSX-V:EMH) (OTCQX:EMHTF).\n The amendment to the dealer’s license gives Northern Vine the ability to transport, deliver and sell product to other Licensed Dealers, authorized persons under the Controlled Drug and Substances Act (Canada) (the “CDSA”), and Licensed Producers. While Northern Vine was previously authorized to conduct activities related to analytical testing, extraction, and import/export, this amendment allows it to broaden its business opportunities through the production and sale of downstream cannabis products, such extracts and isolates. “We are very pleased with the amendment to Northern Vine’s dealer’s license,” said Robert Abenante, President and CEO of Abattis. “This is very good timing as we have just had a significant breakthrough related to extraction technology and this is the first major achievement for Northern Vine following Emerald’s investment in Northern Vine.” Northern Vine is a Licensed Dealer under the provisions of the CDSA. As a Licensed Dealer, it is permitted to carry out certain business activities that Licensed Producers are not permitted to undertake under the Access to Cannabis for Medical Purpose Regulations (Canada), including the import/export of cannabis and cannabis oils, as well as certain activities related to the manipulation, formulation, dosage form, and strength or package size of cannabis, including mixtures with other additives, controlled substances, and non-controlled substances. These opportunities expand possible research and product innovation opportunities available to Northern Vine. About Northern Vine Northern Vine Labs™ is licensed by Health Canada (Licensed Dealer) for the possession of Cannabis and related active ingredients, as well as the production of extracts for the purpose of analysis. Northern Vine Labs™ product certification and quality assurances programs incorporate global best practices and pr...