The Canadian company Stillcanna, specialized in the production of cannabis oil obtained from hemp, has obtained the approvals from the Ministry of Health and the National Anti-drug Agency to start the cannabidiol extraction (CBD) activities at the factory in Băilești, southern Romania, the unit the following becomes operational soon.
Here is a press release from the company:
‘Stillcanna Inc. (“STIL” or the “Company”) is pleased to announce it has received from the Ministry of Health and the Anti-Drug Agency its two most critical operational documents required for its Romania extraction operations.
The ORIGIN facility designed by Stillcanna is a joint venture between Stillcanna and Dragonfly Biosciences Ltd. This state of the art, custom engineered, closed loop ethanol extraction system is dedicated to the manufacturing of CBD in bulk. The facility has been built to the highest European Union GMP (Good Manufacturing Practices) standards available.
Over the last several quarters the ORIGIN team comprised of Stillcanna and Dragonfly Bioscience’s personnel assisted by their legal firm and a specialized Pharma PA firm have worked intensively on securing these required documents. ORIGIN will be the only licensed extraction facility dedicated to the production of THC-free CBD Distillate and THC-free CBD Isolate in Romania.
“While the permit process has been complex and lengthy, as a Company we never lost sight of our vision and mandate, through perseverance and hard work we continue to achieve our milestones,” commented Jason Dussault, CEO Stillcanna. “Now, given the required green light from these national government bodies, we are securing our first-mover advantage in Europe. Once both the ORIGIN and NEXUS facilities are online Stillcanna will have the capability to become the largest producer of THC free CBD in Europe.”
On the regional level, the final resolution approving the completion of construction has been issued. Risk Assessment and Security Project have both received approval from the local law enforcement authorities.
The operational environmental application has received internal endorsement from the Environmental Protection Agency and is entering the final public consultation phase, a two-week period in line with Romanian environmental law. The operational emergency services application has been submitted and site visits have been completed, during which no material remedial actions were requested. Final approval from the Emergency Services Unit is expected shortly.
With the ministerial documents in hand, and in accordance with municipal procedures, a final operational permit is expected to be issued, by the local town hall after the mandatory two-week period.’
Stillcanna Inc. (CSE: STIL) www.Stillcanna.com is a Canadian early-stage life sciences company focused on the large-scale manufacturing of CBD in Europe. The Company believes its proprietary intellectual property allows it to extract CBD at a lower cost. The Company has signed an initial extraction contract in Europe to be the exclusive extractor for Dragonfly Biosciences Ltd, a United Kingdom-based supplier of CBD. The Company also completed the acquisition of Olimax NT SP. Z .O.O, a multi-generational hemp agricultural firm that is expected to increase the Company’s market share in the European CBD industry.