Little Green Pharma achieves key milestone in commercial strategy
20 7월 2020 - 7:00PM
Elixxer Ltd. (TSX-V: ELXR) (OTC-QB: ELIXF) (FRA: 2LQA)
(“
ELIXXER” or (the “
Company”) is
pleased to update that its pharmaceutical medical cannabis partner,
Little Green Pharma (ASX:LGP) of Australia, has been granted its
Medical Cannabis Cultivation and Production Permit (“Permit”) by
the Office of Drug Control (“ODC”) for its expanded cultivation and
manufacturing facility (“Expanded Facility”). The grant of
the permit means the Expanded Facility is now fully ODC licensed
and permitted.
LGP’s Expanded Facility comprises of nine
flowering rooms equipped with a number of automated technologies to
enhance cultivation effectiveness (including rolling benches,
computer-timed LED lighting, climate control and irrigation
control), two mother plant rooms and two vegetation rooms.
The Expanded Facility increases the scale of
LGP’s cannabis flower production sufficient to manufacture more
than 110,000 bottles of medical cannabis oil per annum. This
enhanced capacity is in addition to the Company’s well established
third party flower and resin supply lines and will help ensure LGP
can meet its growing demand requirements.
The grant represents the achievement of a key
milestone in LGP’s strategy of continued medicinal cannabis sales
growth in Australia as it positions itself to become a major
supplier into Germany, UK and other key markets in Europe.
The term of the Permit is until March 10th, 2021
in alignment with LGP’s Medicinal Cannabis and Manufacturing
licenses. ODC permits are typically renewed annually or
biennially on a rolling bases.
LGP Managing Director Fleta Solomon said:
“The completion of permitting and commencement
of significantly increased operations at our expanded cultivation
and manufacturing facility represents the achievement of a major
milestone for Little Green Pharma. We expect the increased
production scale will allow us to fulfill both growing demand in
Australia as well as serve as a platform to become a significant
supplier to German, UK and other key European Markets.”
About Elixxer Ltd.
(www.Elixxer.com)
ELXR Ltd. is a Canadian public company listed on
the TSX Venture Exchange (TSX-V: ELXR) and the US OTC-QB exchange
(OTCQB: ELIXF).
Through its partners ELXR presently has
significant interests in Australia, Jamaica, Switzerland, Italy and
Canada.
About Little Green Pharma
(www.littlegreenpharma.com) Little Green Pharma is a
vertically integrated medicinal cannabis business with operations
from cultivation and production through to manufacturing and
distribution. The Company has an indoor cultivation facility in
Western Australia and an exclusive partnership with a GMP- licensed
pharmaceutical manufacturer for the production of its own-branded
range of medicinal cannabis products. Little Green Pharma products
comply with all required Therapeutic Goods Administration
regulations and testing requirements. With a growing range of
products containing differing ratios of active ingredients, Little
Green Pharma supplies medical-grade cannabis products to Australian
and overseas markets.
The Company has a strong focus on patient access
in the emerging global medicinal cannabis market and is actively
engaged in promoting education and outreach programs, as well as
participating in clinical investigations and research projects to
develop innovative new delivery systems.
For further information please
contact:
CEO, Mazen Haddad:
mazen@elixxer.comPresident, John McMullen:
john@elixxer.com
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