Chlormet CEO Yari Nieken talks to Cantech Letter
Warning message
The subscription service is currently unavailable. Please try again later.When Chlormet Technologies (CSE:PUF) acquired AAA Heidelberg, a company in the process of applying for an Marihuana for Medical Purposes Regulations (MMPR) license with Heath Canada it already had a partially completed 8800 square foot marijuana cultivation facility in London, Ontario. Soon after, Chlormet added a facility for production and processing of marijuana in Washington State.
But CEO and co-founder Yari Nieken, while optimistic about the multi-billion dollar opportunity in the medical marijuana space, was also a realist. Nieken knew that the company had exposed itself to a tangle of bureaucracy it simply could not control. Under the Marijuana for Medical Purposes Regulations (MMPR), Health Canada no longer supplies marijuana to those with a proven medical need but instead has tasked licensed commercial producers to do so. Currently, 22 companies hold 26 licenses to produce marijuana in Canada. Many more are expected to be added, but the timeline is uncertain.
So Nieken...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin