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Canterbury Group Launches Jamaican Brew House, All Natural Cannabis Beverage Company

CAYMAN ISLANDS: Canterbury Group, a global investment firm with $6 billion of assets under management and custody, announced today the launch of Jamaican Brew House, a Jamaican-based cannabis beverage company that produces all-natural products for the health-conscious consumer who wants the benefits of CBD and THC.

Unlike others cannabis beverage companies that use a synthetic method to add in THC or CBD to existing products, Jamaican Brew House is the first and only company to use a patent-pending botanical process to naturally create a neutral base that offers both therapeutic benefits and delicious flavor. The base is produced from cannabis that is locally harvested and refined in Jamaica.

“We are excited to officially announce the launch of Jamaican Brew House and introduce our proprietary new botanical process to the beer industry,” said Erin Winczura, Founder and CEO of Canterbury Group, Jamaican Brew House’s parent company. “We saw a need in today’s current marketplace to create a great tasting and natural cannabis product that could also be commercially distributed.”

Backed by a leadership team with over five decades of beverage experience, Jamaican Brew House’s cannabis beverages will include both alcoholic and non-alcoholic beers, ciders and seltzers. Jaime Jurado, industry veteran and former International President of the Master Brewers Association of the Americas, serves as Jamaican Brew House’s brewmaster, leading product development.

With test production underway, Jamaican Brew House plans to release cannabis-infused beers, ciders and seltzers through commercial distribution in Canada, Jamaica and other international countries where it is legal by early 2020. Jamaican Brew House will create two different blends, one with CBD made from hemp, which contains only 0.3% THC, and one made from marijuana plants, which has a higher concentration of THC.

Jamaican Brew House is a portfolio company of Canterbury Group. For more information about Canterbury Group, please visit canterburygroup.ky.

Weekend Unlimited To Acquire R&D Pharma In Jamaica

The acquisition will strengthen the Company’s holdings with one of three Tier-3 Jamaican Licenses

CANADA: Weekend Unlimited,  a lifestyle cannabis company, has entered into an arms-length binding letter of intent to add to its brand portfolio with the acquisition of R&D Pharma in Jamaica, securing one of three Tier-3 licenses available in Jamaica.

R&D Pharma Highlights include:

  • Weekend Unlimited’s planned acquisition in Jamaica is led by Derrick Lewis and Richard Bailey, CEO and President of R&D Pharma respectively.
  • One of only three approved tier-3 cultivators license holders in Jamaica.
  • Medical tourism in Jamaica, plus phenotyping with Jamaican sativas, to brand and export internationally recognized strains, extracts, and infused products.
  • Will be a significant exporter of branded full spectrum extracts as well as extracted cannabinoids from one of world‘s lowest cost geographies for growing cannabis.
  • Weekend Unlimited will acquire 100% of R&D Pharma, which includes a 49% interest in a Jamaican company holding one of the existing Tier-3 licenses in Jamaica.  R&D Pharma also holds a royalty agreement on the all production, giving it a near 100% economic interest in the license being acquired.

R&D Pharma is a Canadian company building a vertically integrated medical cannabis business in Jamaica.  R&D has secured a Tier 3 Cultivator’s License (only one of three presently issued in Jamaica), which allows for full cultivation of cannabis plants on land of over 5 acres. R&D’s founders Derrick Lewis and Richard Bailey are citizens of Jamaica who now reside in Canada, both having significant business networks in both countries.

“This acquisition in Jamaica represents a significant step for Weekend Unlimited as it implements its strategy to be a top tier integrated cannabis company,” said Mr. Cody Corrubia, Weekend Unlimited’s President and CEO. “By adding R&D to our brand portfolio, we secure a highly coveted asset for cultivation in a low cost, high quality environment like Jamaica, which has international appeal in the cannabis space, with unparalleled lifestyle applications,” added Mr. Corrubia.

“We are thrilled to add value to Weekend Unlimited’s brand portfolio,” said Mr. Derrick Lewis, CEO and Director of R&D.  “Our assets in Jamaica are founded upon highly organized cultivation,  which we will extend to build our international branding base, securing long-term contracts and relationships for the sale and/or out-licensing of internationally recognized strains, full spectrum and extracts, and infused retail products,” added Mr. Lewis.

“To accelerate our plan, R&D is building an Herb House/Ganja Café and Therapeutic Spa at Ocho Rios, on our 98 acre location which contains the cultivation operation.  The Café and Spa will showcase products and deliver experiences to consumers of cannabis from around the world.  R&D will also distribute standard medical products on the island domestically and to medical tourists,” said Mr. Lewis.

Weekend Unlimited will issue to the shareholders of R&D a total of 50,000,000 common shares and 25,000,000 warrants. Each warrant entitles the holder to subscribe for an additional shares for $0.35 for a period of 2 years from closing, subject to the right of the Company   to accelerate expiry date upon 30 days’ notice if its common shares trade at $0.75 or higher for 10 consecutive business days any time after 4 months from closing.  Approximately 35 million of these shares will be subject to a 3 year escrow, with releases of 10% on closing, and 15% on every 6 month anniversary.

Pending closing, the Company has advanced CDN $2.4 million on a secured loan basis to R&D for construction costs.  It is anticipated that another US $9 million will be required to complete the buildout of the planned Jamaican facilities. The Company plans to fund all of this by way of an equity raise or debt or a combination of the two.

While in the final due diligence stage, the Company anticipates closing this transaction within a month. However there is no certainty that this transaction will close, or if it does close, will close on the current terms as agreed between the parties.

 

 

FSD Pharma Expands Into Jamaican Market

CANADA: FSD Pharma has announce that it intends to launch a strategic partnership into the Jamaican cannabis market as part of its plan to expand internationally. FSD has signed a Letter of Intent effective September 10, 2018 with JJAMACANN Inc. to form a joint venture operating as FSD Jamaica. FSD Jamaica expects to partner locally with Nature’s Purest Limited, a Jamaican corporation with a cultivation license and existing operations in Jamaica.

“We are excited to be working with a world-class and knowledgeable team of local experts and entrepreneurs with extensive cannabis cultivation experience. Jamaica has historically produced some of the best cannabis over the past 50 years. FSD Jamaica intends to take advantage of the ideal climate and soil conditions on the NPL property and surrounding area to produce the highest quality cannabis, hemp and cannabinoid products possible. FSD Jamaica is well-positioned to bring Jamaican branded, world class medical and recreational products to market by 2019”, said Anthony Durkacz, Director of FSD.

As part of the LOI, FSD Jamaica will establish an experimental centre for the development of cannabis and cannabinoid (CBD) genetics suitable to cultivate in Jamaica with the intent to create a genetics and seed bank of innovative cannabis and hemp products for the Jamaican market and the Canadian market where permitted.

“NPL was the second company to be granted a cultivation license in Jamaica. It is located in the beautiful mountains of Ulster Springs Trelawny and the property is fed by crystal clear spring water surrounded by many agricultural crops and experienced workers. The combined genetics library of FSD Jamaica and NPL will allow for the breeding of high THC & CBD plants that will be cultivated using medical grade extraction processes. This strategic partnership compliments FSD’s business model of producing the highest quality medical grade product at scale”, continued Mr. Durkacz.

Beckley Foundation Hosts Jamaican Cannabis Summit

JAMAICA: This weekend in Negril the Beckley Foundation brought together leaders from the Jamaican government, the Rastafari community, and the business community to discuss the current progress and next steps for building a regulatory framework for a legal cannabis industry in Jamaica.

The two day event was hosted by the Beckley Foundation, which was started in England in 1998 by the Countess of Wemyss, to pioneer cannabis research and policy reform. Her contribution to psychedelic science and global drug policy reform has been pivotal and widely acknowledged.

GGS Structures President, Leigh Coulter, was invited to the event and she encouraged the Cannabis Licensing Authority to consider in their licensing development the need to encourage progressive development of both greenhouse cultivation and advanced precision agriculture in traditional field growing.

Jamaican Moms Give Children Cannabis — And It Works

JAMAICA:  It’s true– this is not some one-off survey conducted by amateurs. This research was completed by Dr. Melanie Creagan Dreher PhD, RN FAAN whom served as the dean for four prestigious nursing schools, received a Bachelors of Science from Long Island University as well as a Masters and Doctorate in Anthropology from Columbia University and Teachers College.

Dr. Dreher’s study, Schoolchildren and Ganja: Youthful Marijuana Consumption in Rural Jamaica, was published in the Anthropology and Education Quarterly in 1983 and was a groundbreaking cross-cultural study that aimed to answer questions on the cultural influence of varying degrees of substance use. Here we will look at cannabis culture in Jamaica, Dr. Dreher’s study and methods, as well as her conclusions.

Despite its illegality, cannabis is widely used across the country. It is estimated conservatively that 75 to 90 percent of the working class population of Jamaica has had experience with the consumption of cannabis in some form. Dr. Dreher found the culture around cannabis use in Jamaica to be vehemently different from that of America’s—specifically regarding both the tradition and incorporation of ganja into families.

Jamaica Remains Largest Illicit Producer And Exporter Of Marijuana In Caribbean

JAMAICA:  A report by the International Narcotics Control Board (INCB) has found that Jamaica remains the largest illicit producer and exporter of cannabis herb in Central America and the Caribbean.

The INCB 2014 report released here, showed that the island accounts for approximately one third of cannabis herb produced in the Caribbean.

It said that increased production of the drug has been noted in other countries, in particular Dominica and St Vincent and the Grenadines.

Jamaica has also become a hub for the trafficking of cocaine, owing to the displacement of trafficking routes as a result of the strengthening of drug trafficking countermeasures in Latin America,” the report stated, noting that the problem is compounded by the “fact that Jamaican criminal groups are using the elaborate networks originally established to traffic cannabis and cocaine as well.

 

Jamaica Decriminalizes Marijuana In Small Amounts

JAMAICA:  Marijuana has been pervasive but illegal in Jamaica for decades, consumed as a medicinal herb, puffed as a sacrament by Rastafarians and sung about in the island’s famed reggae music.

After many years of dialogue about the culturally entrenched drug, and emboldened by changes to drug laws in U.S. states, Jamaica’s Parliament on Tuesday night gave final approval to an act decriminalizing small amounts of pot and establishing a licensing agency to regulate a lawful medical marijuana industry.

The historic amendments pave the way for a “cannabis licensing authority” to be established to deal with regulating the cultivation and distribution of marijuana for medical and scientific purposes. Both houses of Jamaica’s legislature have approved the legislation.

Jamaica Considers Marijuana Legalization And Production

JAMAICA:  The Jamaican cabinet has approved a bill that legalizes the possession of small amounts of marijuana.

It means that for the first time the country’s Rastafarian community, which uses the herb for religious purposes, could be able to smoke it legally.

The bill also envisages a licensing authority for the cultivation, sale and distribution of marijuana for medical and therapeutic purposes.

It goes to the senate this week for approval.

 

Jamaica Government Announces Major Changes To Drug Laws

JAMAICA:  The Justice Minister Mark Golding said the cabinet was supporting a proposal to allow possession of up to two ounces (57 grams) of marijuana, known locally as “ganja.”.

Mr Golding also said marijuana would be decriminalised for religious, medicinal and scientific purposes.

It is expected parliament will approve the changes by September.

“I wish to stress that the proposed changes to the law are not intended to promote or give a stamp of approval to the use of ganja for recreational purposes,” said Mr Golding.

“The objective is to provide a more enlightened approach to dealing with possession of small quantities.”

Jamaica Mulls Legal Marijuana (No, It’s Not Already Legal)

JAMAICA:  This tourist mecca may soon be known as the Colorado of the Caribbean.

Given the ready availability of “ganja” as the locals call it, many outsiders assume marijuana is already legal in Jamaica, but it’s not … yet.

Encouraged by legalized marijuana in Colorado, Washington state and Uruguay — the first country to legalize and regulate the weed — Jamaican farmers and some politicians want to capitalize on what already is a homegrown industry with an international brand.

Dreadlocked Rastafarians and farmers gathered in downtown Kingston in April to launch Jamaica’s Ganja Future Growers and Producers Association. The only thing missing was the smoke. They listened to speakers from Jamaica, the United States and Canada about the benefits of the drug and the need to get on the bandwagon for the marijuana industry.