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Aussie group gets approval for its cannabis production plans in Poland

MMJ Group Holdings Ltd (ASX:MMJ) has today presented updates for two companies in its investment portfolio, unlisted Sequoya Cannabis Limited and WeedMD Inc (CVE:WMD).

Sequoya’s Polish subsidiary, Sequoya Europe, has received EU GMP certification for its newly completed European centre of extraction and cannabidiol (CBD) production.

This is an important first step to becoming a significant GMP-certified hemp CBD supplier, with longer-term plans to expand into the legal medical marijuana market across Europe.

Sequoya’s recently completed cannabis extraction operations are located in Krakow, Poland, with plans to become a leading supplier of CBD extracts and isolate within the European Union.

MMJ holds a CAD$2.5 million convertible note, 24% shareholding, and rights to make further future investments in Sequoya.

Source: https://www.proactiveinvestors.com.au/companies/news/912200/mmj-group-updates-for-two-investments-weedmd-and-sequoya-cannabis-912200.html

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