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LGC Capital Ltd. increases interest in Australian Medical Cannabis Company and Little Green Pharma plants first commercial crop
LGC Capital Ltd. increases interest in Australian Medical Cannabis Company and Little Gree...
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[{"type":"text","content":"\n\n\n\nLGC Capital Ltd. increases interest in Australian Medical Cannabis Company and Little Green Pharma plants first commercial crop\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\n\nCanada NewsWire\nMONTREAL, Dec. 14, 2017\n\n\n\nSymbol: TSX-V: LG\n\n\n\nMONTREAL, Dec. 14, 2017 /CNW Telbec/ - LGC Capital Ltd. (TSXV: LG) (\"LGC\") is pleased to announce that it has now received confirmation from the Australian Government's Office of Drug Control to increase its interest in licenced Australian Medical Cannabis company Habi Pharma Pty Ltd of Perth, Australia, doing business as Little Green Pharma (\"Little Green Pharma\"), above 4.99% and is now increasing its strategic interest to 11.91%.\n\n\n \n \n\n \nIn addition, LGC is also pleased to advise that Little Green Pharma yesterday commenced planting its first medical cannabis crop in Australia. Little Green Pharma made the following announcement today (refer to https://lgpharma.com.au/news/wa-first-little-green-pharma-starts-growing-medicinal-cannabis/):\n\n\"WA first – Perth company starts growing medicinal cannabis\n\n\nLittle Green Pharma grows the first ever medicinal cannabis in WA\nLocal product expected to be available for WA patients early next year\nThe first crop of medicinal cannabis is being cultivated in Western Australia by a Perth based phytopharmaceutical company. Little Green Pharma, a private entity specialising in the cultivation and production of high quality, locally grown medicinal cannabis, today announced it is cultivating its first plants at its secure growing facility south of Perth.\n\nThe event marks the first time medicinal cannabis has been cultivated locally and the company aims to have product available for patients within the first few months of 2018.\n\nLittle Green Pharma Managing Director, Fleta Solomon, said the company had been working steadily towards the goal of producing clean, southwest grown medicinal cannabis products and reaching the cultivation stage was a major milestone.\n\n\"Medicinal cannabis is relatively new and strictly controlled in Austra...