10:13:01 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



LGC Capital Ltd
Symbol LG
Shares Issued 523,778,982
Close 2019-07-12 C$ 0.085
Market Cap C$ 44,521,213
Recent Sedar Documents

LGC loanee Trichomed receives cultivation licence

2019-07-15 11:50 ET - News Release

Mr. John McMullen reports

LGC CAPITAL, LTD., ANNOUNCES TRICHOMED RECEIVED ITS CULTIVATION LICENSE FROM HEALTH CANADA FOR ITS NEW CANNABIS FACILITY IN BROWNSBURG, QUEBEC

LGC Capital Ltd. loanee Trichomed Corp. received a licence from Health Canada, on July 12, to cultivate cannabis seeds and plants at its newly constructed facility in Brownsburg, Que.

As per the terms of its agreement with Trichomed, LGC is now entitled to convert the first ranking secured loan it provided to Trichomed in December, 2017, into a 49-per-cent direct equity interest and a 5-per-cent royalty of Trichomed's net sales of cannabis and cannabis-related products, which covers actual sales less any arm's-length third party discounts, merchandise returns and rebates. In addition, as per the agreement, LGC is entitled to representation on Trichomed's board.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.