Lophos Holdings Inc. (“Lophos“, or the “Company“) (CSE:MESC) is delighted to share additional information on its wholly-owned subsidiary, Lophos Pharmaceuticals Corp., which has achieved a significant milestone by obtaining a Controlled Substance Dealer’s License from Health Canada for their facility located in Napanee, Ontario.
- Permitted to produce, sell, transport, and deliver the controlled substances covered by the license, namely mescaline, psilocin, and psilocybin.
- Wholly owned, 10,000 sq. ft. facility that is newly built.
- Cutting-edge laboratory with secure storage capabilities valued up to $6,250,000.
- 6,000 sq. ft. of dedicated cultivation space for peyote cactus research and production.
- Contract cultivation and laboratory research capabilities.
This significant milestone was achieved through a strategic collaboration with Canalytica Corp. which ensured a seamless licensing process, reinforcing the importance of expert regulatory partnerships.
Canalytica Corp., led by VP of Quality Assurance, Giselle Barona, was instrumental in navigating the rigorous regulatory intricacies associated with the controlled substance licensing process. Their adept expertise in quality assurance and regulatory affairs ensured a swift and efficient pathway to this groundbreaking achievement.
This achievement also exemplifies Lophos’ dedication to pioneering their unique approach in the realm of psychedelic medicines. With a robust focus on compliance, research, and potential therapeutic applications, Lophos is uniquely positioned to explore mescaline’s potential for treating conditions such as depression, anxiety, and PTSD.
“Our licensed facility exemplifies our dedication to regulatory compliance and excellence in research and production. We believe that our intended approach of offering traditional psychedelic medicine while reinvesting any revenues into research makes us truly unique.”
Additionally, Lophos emphasizes its commitment to the compliant, ethical, and sustainable production of indoor cultivated peyote cactus (lophophora williamsii).
About Lophos
The Company’s wholly-owned subsidiary, Lophos Pharmaceuticals Corp., is a biosciences company that specializes in Peyote cultivation, research, and sale. It is also licensed to possess, produce, sell/provide, send, transport and deliver the controlled substances covered by their Controlled Substances Dealers License (CSDL), namely mescaline, psilocin and psilocybin.
About Canalytica
Canalytica Corp. is a business consulting firm that specializes in quality assurance and compliance in Canada and the United States. Focused on licensing support for the pharmaceutical, cannabis, and food industries, Canalytica is committed to improving compliance and regulatory interactions for regulated companies.