Expansion, name change, investment; busy week for three Okanagan cannabis companies

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Three cannabis companies in the Okanagan made announcements this week, including a numbered company changing its name.

Green Mountain granted industrial hemp license

First, Green Mountain Health Alliance of Penticton announced that its application for an industrial hemp license was approved by Health Canada.

Moosehead Breweries gets into the cannabis-infused beverage market
The company says it intends to cultivate hemp for the extraction of cannabidiol (CBD) and conduct research on high CBD hemp varietals. That licence, according to Green Mountain, will complement its original plan of growing and selling cannabis.

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