Business
The Good Shroom Co Receives Authorization to Commence Sales of the Velada Cannabis and Funtional Mushroom Product Line
The Good Shroom Co Receives Authorization to Commence Sales of the Velada Cannabis and Fu...
About this update from Mercanto Holdings Inc
[{"type":"text","content":"\n \n \n \n The Good Shroom Co Receives Authorization to Commence Sales of the Velada Cannabis and Funtional Mushroom Product Line\n \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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n MONTREAL\n \n ,\n \n June 17, 2021\n \n /CNW/ - The Good Shroom Co Inc. (the \"\n \n Company\n \n \" or \"\n \n TGSC\n \n \") (TSXV: MUSH), is pleased to announce that its wholly owned subsidiary, Teonan Biomedical Inc. (\"\n \n Teonan\n \n \"), has received authorization from Health Canada to commence the sale and the distribution of its beverages which are\n \n Canada's\n \n first cannabis infused beverage line made with functional mushroom extracts.\n \n \n \n \n \n \n \n \n \n Teonan holds a micro-processing license delivered by Health Canada under the\n \n Cannabis Act,\n \n which allows it to manufacture and develop topicals, extracts and edible cannabis products which includes beverages. Before sales of the Velada beverages could commence, Teonan was required to demonstrate its finished products and quality control procedures complied with Health Canada's strict guidelines. Teonan's micro-processing license was amended by Health Canada allowing it to distribute the Velada products nationwide, through various provincial retailers, including the Société Quebecoise du Cannabis (SQDC) which is\n \n Canada's\n \n largest provincial cannabis retailer. A micro-processing license has an annual cannabis extract processing limit of 150,000,000 mg per year. With Health Canada's limit of 10 mg of THC per unit, this equals up to 15,000,000 units containing THC which can be sold yearly. The Company has strategically chosen a micro-processing license instead of a standard processing license due to the high cannabis...