Charlottetown Company Squeezes Out Deal to Extract Cannabis Oil

When Canada’s medical marijuana laws changed, cannabis oil became legal and new opportunities opened up.

A new P.E.I.-based business is putting the squeeze on cannabis — literally.

Charlottetown’s Advanced Extraction Systems Inc. has just sealed a deal with Canopy Growth, a medical marijuana company based out of Smiths Falls, Ont., to provide the equipment to extract cannabis oil directly from marijuana plants.

In a release, Canopy Growth chairman Bruce Linton said the deal will help meet a growing demand.

– Read the entire article at CBC News.