Marijuana Business Magazine March 2019

March 2019 | mjbizdaily.com 125 time of the deal. The debt is secured against certain Organigram assets. The firm hopes the expansion will eventually bring its target production capacity to 191,800 pounds (89,000 kilograms) per year. Quebec Extraction Specialist Gets License Neptune Wellness Solutions , a company based in Laval, Quebec, that specializes in the extraction, purification and formulation of health and wellness products, received a license from Health Canada to process cannabis. The license allows Neptune to handle dried cannabis, manufacture and purify marijuana extracts and oil as well as sell its services to other license holders. The company has a 50,000-square-foot, Good Manufacturing Practice-certified facility in Sherbrooke, Quebec. Toronto CBD Firm Gets Foot in U.S. Door Green Growth Brands , a CBD products company in Toronto, has struck an agreement with DSW , a branded footwear retailer based in Columbus, Ohio, to sell CBD personal-care products under the Seventh Sense Botanical Therapy brand at 96 DSW stores in the United States. The agreement follows a test phase conducted in autumn 2018 in which Green Growth Brands sold select Seventh Sense products in 10 DSW stores. Have a company announcement you want us to consider? Send a news release or general information to omars@mjbizdaily.com. (Note: We’re looking for news about expansions, financing, deals, partnerships and similar developments, not product-related announcements.)