Canada Markets closed

Biome Grow Secures Sales License for Nova Scotia Subsidiary-- CFN Media

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • BIO.CN
  • 6OTA.F

SEATTLE, Dec. 19, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article discussing Biome Grow Inc. (CSE:BIO) (FFT:6OTA) and its Nova Scotia-based subsidiary, Highland Grow Inc., which has received a license to sell to both consumers and other licensed producers. The move could generate new near-term revenue from commercial sales to licensed producers, open the door to synergies with its other licensed producer applicants, and enable it to generate long-term value through direct-to-consumer sales. The new amendment marks the complete transition of Biome Grow to a commercial cannabis enterprise in the Canadian market.

Canada’s cannabis industry experienced a tremendous boost following adult-use legalization in October. In fact, vendors across the country exhausted their inventory much faster than expected as licensed producers struggled to meet their commitments. This has put pressure on Health Canada to address its backlog of applications to become licensed producers—which could open the door to new investment opportunities.

In this article, we will take a closer look at the Nova Scotia market and how the new license could benefit the company’s entire portfolio.

Nova Scotia’s Market

Nova Scotia is the second smallest of Canada’s ten provinces in terms of land mass, but it’s the second most densely populated province. While there are three licensed producers with cultivation licenses in the province, none of them had sales licenses when cannabis was legalized in October, so the Nova Scotia Liquor Corporation (NSLC) placed orders from 14 external licensed producers in Ontario, New Brunswick, and Alberta.

The initial cannabis order was for 3.75 million grams, or 8,267 pounds, of cannabis, including 282 different products representing 78 different strains. These strains and amounts were based on sales data from recreational and medicinal cannabis markets in Canada and the United States, product availability, and the suppliers’ ability to provide a continuous supply. The NSLC suggested it would transition to local suppliers when they were available.

Highland Grow’s new sales license enables it to supply the market as the only local supplier. By focusing on the unique requirements of local cannabis consumers, the company is well-positioned to capitalize on this demand. The company is now completing the final distribution steps with the NSLC to get products into the hands of local consumers as quickly as possible—and generate substantial revenue for investors.

“The Highland Grow team has been working hard to achieve this important milestone,” says Frank MacMaster, President of Highland Grow. “The company is looking forward to doing its part to eliminate the current supply shortage in our home province.”

Biome’s Growing Portfolio

Highland Grow represents only a small portion of Biome Grow’s extensive portfolio of licensed producers, aspiring applicants, and ancillary businesses involved in the cannabis industry.

Biome Grow owns five subsidiaries, including:

● The Back Home Medical Cannabis Corporation: A late-stage applicant located in the province of Newfoundland and Labrador.

● Great Lakes Cannabis: A late-stage applicant located in Ontario.

● Highland Grow Inc.: A licensed producer in Nova Scotia.

● Red Sands Craft Cannabis: A company located in the province of Prince Edward Island.

● Weed Virtual Retail Inc.: A developer of virtual reality solutions for the cannabis industry located in Ontario.

These companies provide Biome’s investors with significant geographical diversification, as well as some diversification in business activity. For instance, the company’s Weed Virtual Retail provides diversification into non-cultivation business activities. There are also many potential synergies between these companies, particularly as late-stage applicants receive approvals, as they could benefit from supply from other already-approved entities.

Highland Grow’s commercial sales license enables it to provide product immediately to these other licensed producer applicants as they are approved, which could accelerate the commercialization timetable and potentially improve profitability.

“This license gives the company additional commercial sales avenues and flexibility for our high quality cannabis products and services that are ready for our customers,” says CEO Khurram Malik.

Looking Ahead

Biome Grow Inc. (CSE:BIO) (FFT:6OTA) represents a compelling investment opportunity in Canada’s burgeoning cannabis industry. After securing this latest license, the company continues to build out its portfolio of licensed producers across the country. Investors may want to take a closer look at the stock given the new sales license and the potential to expand into many other areas of the market.

For more information, visit the company’s website at

Please follow the link to read the full article:…cotia-subsidiary/


The above article is sponsored content. Emerging Growth LLC, which owns and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation:

CFN Media About Us

For Visitors and Viewers

CFN Media’s Cannabis Financial Network ( is the destination for savvy investors and business people profiting from the worldwide cannabis industry. Viewers will see breaking news, exclusive content and original programming involving the people, companies and investments shaping the industry.

For Cannabis Businesses & Companies

CFN Media is a leading agency and financial media network dedicated to the cannabis industry. We help private, pre-public and public cannabis companies in the US and Canada attract capital, investors and media attention.

Our powerful digital media and distribution platform conveys a company’s message and value proposition directly to accredited and retail investors and national media active in the North American cannabis markets.

Since 2013, CFN Media has enabled the world’s preeminent cannabis companies to thrive in the capital and public markets.

Learn how to become a CFN Media client company, brand or entrepreneur:

Download the CFN Media iOS mobile app to access the world of cannabis from the palm of your hand:

Or visit our homepage and enter your mobile number under the Apple App Store logo to receive a download link text on your iPhone:

Disclaimer is not an independent financial investment advisor or broker-dealer. You should always consult with your own independent legal, tax, and/or investment professionals before making any investment decisions. The information provided on (the ‘Site’) is either original financial news or paid advertisements drafted by our in-house team or provided by an affiliate., a financial news media and marketing firm enters into media buys or service agreements with the companies that are the subject of the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider. We make no warranty or representation about the information including its completeness, accuracy, truthfulness or reliability and we disclaim, expressly and implicitly, all warranties of any kind, including whether the Information is complete, accurate, truthful, or reliable. As such, your use of the information is at your own risk. Nor do we undertake any obligation to update the items posted. received compensation for producing and presenting high quality and sophisticated content on along with financial and corporate news.

The above article is sponsored content. Emerging Growth LLC, which owns and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation:

Frank Lane

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting