THC Receives S4 and S8 Narcotics Licences

  • Oct 17, 2019 AEDT
  • Team Kalkine

THC Global Group Limited (ASX: THC) has received the final licences required for Australian production and distribution of narcotic medicines, which includes medical cannabis independent for both the ‘Bundy’ Facility and the Southport Manufacturing facility.

  • Queensland Department of Health has granted Schedule 4 and Schedule 8 licences;
  • This will enable the company to manufacture and wholesale S8 and S4 drugs including medical cannabis;
  • Production validation will be completed by the end of the December and supply to Australian patients will start in early 2020.

At AEST 12:56 PM, the stock was trading at $0.395 per share, up by 3.947% from its previous close.

 

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