Total
0
Shares
Little Green Pharma (ASX:LGP) - Managing Director, Fleta Solomon - The Market Herald
Managing Director, Fleta Solomon
Sourced: AUManufacturing
  • Medicinal cannabis company Little Green Pharma (LGP) has been granted a new manufacturing permit from the office of drug control
  • The manufacturing permit will allow the company to manufacture cannabis extracts for holders of Therapeutic Goods Administration (TGA) GMP manufacturing licences to produce medicinal cannabis products
  • The company is now waiting on the medicinal cannabis cultivation and production permit, which will allow Little Green to begin planting at its expanded facility
  • Little Green is up 19.4 per cent on the market today and is trading for 40 cents per share

Medicinal cannabis company, Little Green Pharma (LGP) has been granted a new manufacturing permit from the office of drug control.

The manufacturing permit will allow the company to manufacture cannabis extracts for holders of therapeutic goods administration (TGA) GMP manufacturing licences to produce medicinal cannabis products.

Little Green has an exclusive agreement with its GMP-licenced manufacturing partner to produce the products.

The permit is valid for one year and ends in March 2021. This new permit will also allow the company to commence in-house extraction once the next crop is harvested, which is set to reduce costs and improve efficiencies.

Managing Director Fleta Solomon said receiving this permit also gives the company the capability to manufacture cannabis extracts at its manufacturing premises.

"We are now only waiting for our expanded ODC Medicinal Cannabis Cultivation and Production Permit which, once granted, will allow us to begin first planting at our expanded cultivation facility and to significantly expand our production operations," she said.

"This increased production capacity will give Little Green Pharma the ability to meet both Australian and offshore demand for medicinal cannabis products," Fleta added.

The company is now waiting on the medicinal cannabis cultivation and production permit, which will allow Little Green to begin planting at its expanded facility.

Little Green is up 19.4 per cent on the market today and is trading for 40 cents per share at 1:03 pm AEST.


Subscribe


LGP by the numbers
More From The Market Herald
Living Cell Technologies’ (ASX:LCT) CEO plans for retirement

" Living Cell Technologies’ (ASX:LCT) CEO plans for retirement

Living Cell Technologies’ (LCT) CEO, Dr Ken Taylor, has revealed that he plans to retire from his position this year.
Cyclopharm (ASX:CYC) - Managing Director and CEO, James McBrayer (right) - The Market Herald

" Cyclopharm (ASX:CYC) completes $30M placement

Cyclopharm (CYC) has completed a share placement to investors of approximately 11.5 million new fully paid ordinary shares.
SUDA Pharmaceuticals (ASX:SUD) - Executive Chairman, Paul Hopper - The Market Herald

" SUDA Pharmaceuticals (ASX:SUD) shares drop as MTPS leaves ZolpiMist agreement

SUDA Pharmaceuticals (SUD) shares are down this morning after Mitsubishi Tanabe Pharma Singapore (MTPS) announced it would not proceed with its ZolpiMist agreement.
Cann Global (ASX:CGB) shares on the rise after Thailand’s hemp rules change

" Cann Global (ASX:CGB) shares on the rise after Thailand’s hemp rules change

Cann Global (CGB) shares are on the rise today after Thailand’s regulation for hemp changes.