Business
Alternate Health Secures Second Set of Licenses for Cannabis Manufacturing and Distribution in Los Angeles
Alternate Health Secures Second Set of Licenses for Cannabis Manufacturing and Distribution in Los Angeles.
About this update from Alternate Health Corp
[{"type":"text","content":"\n\n\n\nAlternate Health Secures Second Set of Licenses for Cannabis Manufacturing and Distribution in Los Angeles\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAlternate Health Secures Second Set of Licenses for Cannabis Manufacturing and Distribution in Los Angeles\nCanada NewsWire\nTORONTO, Jan. 18, 2019\n\n\n\nTORONTO, Jan. 18, 2019 /CNW/ - Alternate Health Corp., (\"Alternate Health\" or the \"Company\") (CSE:AHG) (OTCQB:AHGIF), an international leader in technology solutions for the regulated cannabis industry, announced today that that Company has secured state licenses for the manufacturing and distribution of cannabis at its facility in Los Angeles, California in addition to its licenses in Humboldt County, California.\n\n \n \n\n \n\"This is a tremendously exciting accomplishment for Alternate Health and solidifies our position in California's highly lucrative commercial cannabis market,\" says Howard Mann, CEO of Alternate Health. \"Los Angeles is one of the most valuable markets in the cannabis industry and our facility is ideally located to manufacture and distribute top-quality cannabis products.\"\nKare MMJ, which was acquired by Alternate Health in a deal announced on November 20, 2018, was recently approved by the state of California for its cannabis manufacturing and distribution licenses. The newly issued licenses allow Alternate Health to begin operations at its 5,000 square foot Los Angeles location. The Company will initially be manufacturing and distributing a line of flavoured cannabis extract products through its premiere Bionic Bee brand.\nAlternate Health's Los Angeles licenses were secured in addition to the licenses for its facility in Humboldt County, California, on October 20, 2018, which will continue to operate as the primary location for the production and distribution of cannabis flower and infused edibles.\nThe Company has also made several operational updates and continues to progress with its strategic plan in the California cannabis market\nPrivate Placement\nAs announced on December 10, 2018, Alternate Health closed a non-brokere...