Canopy Growth Wins Canadian Medical-Device License for Pot Vaporizer

Canopy Growth (NYSE: CGC) added to its collection of licenses this week. On Thursday, the company announced that its subsidiary, Storz & Bickel, has received a medical device license from the Canadian government for its Volcano Medic 2 vaporizer. This allows Canopy Growth to sell it to medical institutions and licensed medical cannabis users throughout the country.

The securing of the permit follows Storz & Bickel's winning of similar licenses for the device in Australia and Europe. Volcano Medic 2 is its latest product and comes at a time when the business unit recently updated several of its offerings. It specializes in relatively high-end vaporizers for both medical and recreational cannabis use.

Image source: Getty Images.

Continue reading

Source Fool.com