28th August 2020

Master Plant Portfolio Company Gains Bailiwick of Guernsey Cannabis License With 2% THC Limit

The United Kingdom, 2020, August 28--Master Plant Holding’s portfolio company,

Pommier Renewables Ltd ("Pommier"), has been awarded permission to process cannabis biomass as of August 28, 2020.

The license was issued by The Office of the Committee for Health & Social Care in the Bailiwick of Guernsey who oversees assessing, regulating, inspecting, and licensing of cannabis enterprises.

“This license will form part of an upward progression toward Master Plant establishing itself as a major contributor to the ever-growing cannabis industry within Europe and the UK,” says Master Plant CTO Phil Petelski.

With the approval of Pommier's license, Master Plant will develop a well-equipped facility that employs high-tech North American processing technology. This facility will also function as a research and development facility to produce ground-breaking medical and market formulations and supports the company’s objective to integrate organic and modern technical methods throughout the value chain to facilitate ethical and sustainable expansion.

About Master Plant

Master Plant is blazing the trail towards adult-use medical and wellness cannabis in the forecasted €40-100bn European markets. This market exists today via CBD and limited THC quantities "cannabis light," where we are building our brands and products to meet today's legal requirements with an eye toward unlocking the future potential of full-strength THC. Master Plant’s goal to improve well-being across generations with life-enhancing products.

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