CBC News reports that Emergence client, Dosecann Inc. is “establishing itself in Charlottetown [and] aims to be a leader in product research and development when the drug is fully legalized later this year.”
With a renovated 42,000 sq. ft. facility in Charlottetown’s BioCommons Research Park, and a team of six employees, Dosecann is hoping, CBC reports, “to get a foothold in the emerging market for cannabis products by developing a spray and other dose-controlled, oil-based products for both the medical and recreational markets.”
In April we reported that Stoney Creek, Ontario-based Dosecann Inc. had entered into an agreement to be acquired by Cannabis Wheaton Income Corp. of Vancouver for $38 million, payable in common shares of Cannabis Wheaton. You can read that full announcement here!
We subsequently announced that Dosecann is seeking to fill 11 new positions.
The founder and CEO of Dosecann, Greg Boone, told CBC that he’s received a lot of support from people and businesses in P.E.I. that have led to a rapid set-up of Dosecann on the Island.
“None of this would have transpired without the great people and opportunity I’ve had in Prince Edward Island,” he said. “The community in Prince Edward Island should be very proud of the fact that this will be an absolute first-rate facility and should contribute very nicely to the economy and to job creation.“