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Cronos Group Inc
Symbol CRON
Shares Issued 333,020,377
Close 2019-05-21 C$ 20.91
Recent Sedar Documents

Globe says Hexo, rivals see "micro" growers hit hurdles

2019-05-21 08:20 ET - In the News

See In the News (C-HEXO) Hexo Corp

The Globe and Mail reports in its Monday, May 20, edition that micro-cultivation licences in British Columbia have been slow in coming. The Globe's Mark Rendell writes that such a licence would permit a company to have a plant canopy of 200 square metres. Small and mid-sized growers from the illicit market are struggling with Health Canada's new "micro" system. Growers say the application process is vague, expensive and fraught with uncertainty. The program, which launched in October alongside the federal legalization of recreational cannabis, permits small-scale cultivation and processing with lower infrastructure and security requirements than standard licences. It was designed, at least in part, to give incumbent growers a route into the legal system. However, the rollout has been hampered by land-use restrictions, limited access to capital and a federal regulatory system that many growers say is too burdensome for a small-business approach to cultivation. The process of getting a licence became even more daunting two weeks ago, when Health Canada changed its rules to require new licence applicants have a "fully built site" before they can submit an application.

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