- Sunniva confirms analyst expectations with COR from Health Canada
- Company and announcement featured in Seeking Alpha article
- Over one million square feet of cannabis cultivation facilities under construction
- Grow facilities in California and Canada target 60 million adults
Biopharmaceutical company Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) now seems set for a place in the sun. The North American provider of cannabis products and services announced on May 29, 2018, that its wholly owned subsidiary, Sunniva Medical Inc. (“SMI”), had received a Confirmation of Readiness (COR) notification from Health Canada. The good news has not gone unnoticed, with one analyst remarking, “Sunniva Delivers As Promised,” as well as reminding investors that for Sunniva, “The Story Gets Better and Better.” Sunniva is positioned in the world’s two largest cannabis markets. The company currently has separate growing facilities under construction in the U.S., at its campus in Cathedral City, California, and in Canada at Okanagan Falls, British Columbia.
The COR received by Sunniva Medical Inc. (SMI) was issued under new rules instituted in May 2017 by Health Canada under the Access to Cannabis for Medical Purposes Regulations (ACMPR), which removed the necessity for a physical inspection of grow facilities prior to the issuance of a cultivation license. The new regime allows an…
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