NORFOLK COUNTY, ON — Target Group Inc. (OTCQB: CBDY) reported that its wholly owned subsidiary, Canary Rx Inc. has received its Health Canada sales license.
Under its Sales License, Canary RX announced that is now authorized to manufacture and sell Cannabis product’s directly to provincial distributors and other authorized Canadian retail supply channels, permitting the organization to execute on its future CPG strategy of bringing high-quality, strategically segmented consumer brands to market as well as providing third-party processing and co-packing services on behalf of other licensed white-label partners.
Canary RX, through its joint venture partnership, Venn Cannabis, has been working meticulously to ensure production of ultra-premium, craft cannabis in its Simcoe, Ontario production facility. This will ultimately enable delivery of its unique genetic offerings and provide a strong platform for other retail brands in the market to build a portfolio of whole flower consumer products. The company has already successfully transacted with several additional licenced producers and is very optimistic that over the next 12-18 months, can establish itself as a leader in contract-based craft cultivation at scale within the Canadian cannabis landscape.
“This is an important and significant milestone for us completing another licensing certification required to execute on our commercial strategy. Receiving the sales license at our Simcoe, Ontario facility is tremendously positive news for Canary RX and VENN, our joint-venture with Thrive Cannabis,” said Tony Zarcone, CEO of Target Group & Canary RX Inc.
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