Beleave has received its Good Manufacturing Practices (GMP) certification.
HACCP/GMP certification is part of the quality assurance that ensures that cannabis is consistently produced and controlled in a specific way to meet the quality standards appropriate to its intended use.
This certification is only given to companies that exhibit a high standard of precision, consistency, and quality in their manufacturing practices and procedures. It is the highest level of recognition attainable by companies in the pharmaceutical space, and is the first major step for companies to supply the European market with medical cannabis.
"Receiving our GMP certification is the result of many teams coming together to achieve a common goal. This was a group effort that validates the strategy and accomplishments we've worked on throughout the year," said Andrew Wnek, Beleave CEO. "Earlier this year, we announced a partnership with Canymed to expand into the German marketplace. We are looking forward to completing the next step, a GMP country audit, so we can move forward with that expansion, and potentially other highly-regulated jurisdictions. Everyone involved is very proud of this accomplishment, but we won't stop here. We will continue to look at areas where we can improve product quality and reproducibility."
Operational Updates
- Beleave is adding a third independent position to its Board of Directors and is currently conducting a search as the Board evaluates independent director candidates with the skills, experience, and capabilities that would be beneficial to the company and its shareholders. The company anticipates filling the position shortly.
- Upon appointment of the new director, the Board composition will include three directors from Beleave and three independent directors; continuing to provide balanced and steady leadership.
- As part of Beleave's ongoing effort to provide transparency for shareholders, the company is also announcing the establishment of the Corporate Governance Committee. The committee will be formed and chaired by Kevin Keagan, Beleave's Chief Communications Officer.
- In addition to the new committee, Beleave already has a Compensation Committee and an Audit Committee. Keagan will oversee all three committees which include two independent directors and one Beleave director to provide guidance and oversight.
"Even before I joined the team earlier this year, Beleave had committees that provided the company with great insight and direction," said Keagan. "With the addition of the Corporate Governance Committee, we're broadening our commitment to provide transparency and clear communication for our shareholders and the community as a whole. I look forward to the productive work and collaboration that will come of these initiatives."