You are here

Home 🌿 Marijuana Business News 🌿 Bedrocan well positioned as Toronto facility begins marijuana production 🌿

Bedrocan well positioned as Toronto facility begins marijuana production

Warning message

The subscription service is currently unavailable. Please try again later.
Submitted by Marijuana News on Thu, 03/12/2015 - 09:03

Bedrocan is growing plants that are genetic clones of the ones that its Dutch partner Bedrocan BV produces in the Netherlands. The company imported live cannabis plants from Holland shortly after getting its production licence from Health Canada last month, which paved the way for domestic production to begin.

“We believe that this is a positive development for the company and demonstrates management’s ability to execute on its strategy and remain on track for first patient shipment from domestic operations in [Q2],” Clarus Securities analyst Neal Gilmer said in a note.

While the licence and first production are obviously key milestones for Bedrocan, Mr. Gilmer sees more positive catalysts ahead in 2015. Given the company’s extensive growing experience, he thinks it should be able to ramp up production relatively quickly and expand its patient database, generating sales and earnings through the second half of the year.

The company is already...

Rate this article: 

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.