Expanded cultivation and manufacturing facility now fully permitted with
increased plantings to begin immediately.
Little Green Pharma Ltd (ASX: LGP) is pleased to announce the grant of a Medicinal Cannabis Cultivation and Production Permit by the Office of Drug Control for its expanded cultivation and manufacturing facility. The grant of the Permit means the Expanded Facility is now fully ODC licenced and permitted.
We expect the increased production scale will allow us to fulfil both growing demands in Australia as well as serve as a platform to become a significant supplier into the German, UK and other key European markets.Fleta Solomon, LGP Managing Director
LGP's Expanded Facility comprises 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 medicinal 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, the UK and other key markets in Europe.
The term of the Permit is until 10 March 2021 in alignment with LGP's Medicinal Cannabis and Manufacture licences. ODC permits are typically renewed annually or biennially on a rolling basis.
Commenting on the Permit, 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."
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