Vancouver, BC, September 16, 2020 – Benchmark Botanics, Inc. (“Benchmark” or the “Company”) (CSE: BBT).
The Company is pleased to announce that through its wholly-owned subsidiary Potanicals Green Growers Inc., (“Potanicals”), a holder of federal licenses to cultivate and sell cannabis under the Cannabis Act, has received its third cultivation license, effective on August 7, 2020, from Health Canada for the Company’s joint venture YATAI & BBT Biotech Ltd. indoor and outdoor operations located in Pitt Meadows, BC (near the Company’s other joint venture 139000 BC Ltd, also in Pit Meadows)
The site is now fully licensed by Health Canada to possess cannabis, obtain dried cannabis, fresh cannabis, cannabis plants or cannabis plant seeds by cultivating, propagating and harvesting cannabis; and to sell cannabis in accordance with subsection 11(5) of the Cannabis Regulations. This license allows the Company to immediately begin cultivating and undertake R & D activities.