Targeted markets include Canada where marijuana is now federally legal and select markets in the United States, such as Illinois, which just passed legislation legalizing the sale of marijuana for recreational purposes.
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The mobile cannabis extraction capacity will be utilized to potentially expand the $5 million contract into potentially more than $20 million in similar contracts.
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The company has secured a four-acre parcel of real estate in Southern California to propagate feminized low-THC, high-CBD hemp seeds.
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The Pasadena license was awarded the same day that GTI closed on its acquisition of Integral Associates.
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Company has entered into a definitive agreement with VendaPharm EU LLC (“VendaPharm”) to acquire 100 percent of VendaPharm’s issued and outstanding shares.
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