Nep­tune gets cannabis go-ahead from Health Canada

Sherbrooke Record - - LOCAL NEWS -

Nep­tune So­lu­tions Bien-être is start­ing the new year with con­fir­ma­tion from Health Canada to ob­tain an op­er­at­ing li­cense for the pro­cess­ing of cannabis.

This cer­tifi­cate al­lows Nep­tune to han­dle dried cannabis, to man­u­fac­ture ex­tracted cannabis oil in Sher­brooke and to sell its prod­ucts and ser­vices to other li­censed pro­duc­ers. Pro­duc­tion should be­gin in the com­ing weeks, com­pany pres­i­dent Michel Tim­pe­rio said.

The li­cense opens the door to the cre­ation of high-qual­ity jobs, par­tic­u­larly in the Sher­brooke re­gion. Nep­tune hopes to have the op­por­tu­nity to sup­ply the Que­bec Cannabis Cor­po­ra­tion (SQDC).

The com­pany hopes to cre­ate a dozen good jobs, like en­gi­neer­ing, soon.

Nep­tune can be­gin mar­ket­ing its ex­trac­tion ca­pa­bil­i­ties to be­come one of the key play­ers in cannabis ex­trac­tion, cannabis pu­rifi­ca­tion, and the cannabis for­mu­la­tion of value-added prod­ucts.

The com­pany is on sched­ule to meet its tar­get of com­plet­ing in­vest­ment for Phase 2 which will in­crease the site's pro­duc­tion ca­pac­ity to 200,000 kilo­grams of dried cannabis, com­pared to the cur­rent ca­pac­ity of 30,000 kilo­grams.

Last Au­gust, Nep­tune an­nounced the end of its Phase 1 de­vel­op­ment in the in­dus­trial com­plex fol­low­ing a $5 mil­lion in­vest­ment in site safety and equip­ment. Thanks to the in­vest­ment, its Sher­brooke plant could ex­tract and pro­duce cannabis oil.

Nep­tune has also be­gun work on its Phase 2 ca­pac­ity ex­pan­sion with a cap­i­tal in­vest­ment bud­get of $4.8 mil­lion.

In April, the City of Sher­brooke au­tho­rized the Nep­tune project to trans­port its re­search ac­tiv­i­ties on Com­tois St. to its fa­cil­i­ties at 795 Pépin St.

Nep­tune, known as Nep­tune Tech­nolo­gies & Biores­sources, adapted its Sher­brooke krill oil ex­trac­tion plant in 2017 to ex­tract cannabis oil fol­low­ing a deadly ex­plo­sion five years ago.

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