Peace Naturals Project Inc.

Peace Naturals Project Inc.

March 31, 2015 14:21 ET

Peace Naturals Project Inc. Receives Health Canada Approval and Licencing on First Phase Production Expansion

TORONTO, ONTARIO--(Marketwired - March 31, 2015) - The Peace Naturals Project Inc., a licensed producer under Canada's federal Marihuana for Medical Purposes Regulations, has received Health Canada's approval to begin medical Cannabis production in the first of two new manufacturing facilities on Tuesday, March 31, 2015.

The Marihuana for Medical Purposes Regulations (MMPR), which began officially in October 2013, grants Canadians access to medicinal Cannabis by way of a prescription from their health care practitioner. Peace Naturals Project Inc. received Health Canada's first newly issued licence to produce and distribute medicinal Cannabis to those Canadians who are eligible under the MMPR, in October 2013.

On March 31, 2015, Peace Naturals Project Inc. received Health Canada's approval to begin producing medicinal Cannabis out of the first phase of the company's 2015 expansion plans. The company has built its campus on a 95-acre agricultural site with expansion plans that include the construction of two new design built, MMPR compliant, commercial medicinal Cannabis manufacturing facilities that total 34,000 square feet in additional cultivation space. The expansion project, which began during the 3rd Quarter of 2014, is near full completion with areas of the first building now approved for production. The company expects the second building to be completed and ready for Health Canada inspection within the next 3 months. The approval received today enables the company to more than double its current production capacity.

"We have achieved many milestones during our time in the MMPR. With this additional approval and production capacity our manufacturing team will consistently produce more great quality and great value medicine for our client community," says Mark Gobuty, the company's CEO & Founder.

The company is committed to continuous improvement and the overall success of the MMPR program.

About Peace Naturals Project Inc.:

The Peace Naturals Project Inc. was the first new federally licensed commercial medical Cannabis producer to be granted a license by Health Canada to produce and distribute medical Cannabis in Canada under the new Marihuana for Medical Purposes Regulations (MMPR). The Peace Naturals Project offers a range of conventional and organic whole Cannabis flower solutions with strong dedication and commitment to Client Care, quality and harm reduction. The Peace Naturals Project is on a mission to set new standards for viable, credible medical Cannabis production and distribution as they strive to raise the bar for the entire industry, both in Canada and abroad.

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