Elevate Wellness expects to obtain its Standard Processing License in Q3 2021. What does that mean for Elevate Wellness?
We will actively acquire high quality Hemp & Cannabis extracts from leading partners in the space.
Process Cannabis for both existing F&B businesses as well as new licensed cultivators and extraction businesses.
We will be able to trade within global networks, with the opportunity to import/export the best Cannabis products from around the world.
Elevate Wellness will produce formulations for a variety of products for the beverages, food, topicals.
Elevate Wellness will acquire an R&D License for developing valuable Intellectual Property based on novel and innovative product formulations.
Elevate Wellness will actively seek out provincially approved distributors, with sales licenses under the Cannabis Regulations.
With the new license, we will be authorized to pursue related activities such as possession, transportation, R&D, storage, destruction, and, cross-industry sale of Cannabis to other licensed parties.
As the Standard Processing License also allows the import and export of Cannabis for medical purpose, this could potentially be a viable source of revenue and profits.
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