Canadian, Jamaican companies sign multi-million dollar ganja deal
Written by KNRadio on September 28, 2018
KINGSTON – Canada-based Timeless Herbal Care Limited (THC) announced Saturday it has secured a US$100-million deal to develop medical marijuana products here in Jamaica for the international market.
Courtney Betty, the Jamaican-Canadian who heads THC, did not go into great detail, but said the deal would create job opportunities for many Jamaicans. He said the deal was buttressed by the decision of the Jamaican Government to decriminalise ganja for medicinal purposes.
Betty used the opportunity in a speech at the Association of Consultants and Physicians of Jamaica (ACPJ) Reception and Banquet, held at the Jamaica Pegasus Hotel in New Kingston, to urge physicians and private sector businesses to get on board with medical marijuana treatment, saying Jamaica was destined to become a hub for investment in medical marijuana.
“This is not about smoking marijuana, but it is about developing medical products that will be able to help patients,” said the president and CEO of Timeless Herbal Care, a nutraceutical pharmaceutical company that produces medical marijuana products.
“It really is about private corporations and businesses, and our expectation is that there will be many companies that will start coming to Jamaica looking to invest because of the tremendous intellectual property and resources that sit here at the University of the West Indies.” (Observer)