ALPHAX smiles to accept JP, grabbing a “cannabis extraction license” from the FDA.
Date 26 Feb 2022 time 22:56
Alpha Divisions Plc. (ALPHAX) is excited following JSP Industrial Pharmacy PCL. won a license to extract hemp.
Mr. Teera Chutiwaraporn, Chief Executive Officer of Alpha Divisions Public Company Limited or ALPHAX revealed that the company Pharmaceutical Factory JSP (Thailand) Public Company Limited or JP, which is a joint contract manufacturing partner in the hemp-marijuana business for ALPHAX, has received a production license. (Not planting) narcotics of category 5, only hemp, from the Food and Drug Administration (FDA) already on February 23, 2022.
Now our partners ALPHAX and JP As an extraction contractor received a license to extract hemp. For commercial or industrial use from the FDA is complete. counted as the first of companies listed on the stock exchange who received this license The company expects to be able to produce and sell and recognize income immediately. There is also a plan to increase production capacity by 100 times using large extractors in the 3rd quarter of this year.
Chief Executive Officer He continued on the progress of the hemp-marijuana business that the company has partners in both the upstream side. It is a public company that specializes in planting such as Sun Sweet Public Company Limited, SUN and Thai Rubber Latex Group Public Company Limited, TRUBB, as well as having made a memorandum of understanding with many community enterprises. both in the North and the Northeast
in the downstream part Or customers have made a memorandum of understanding with all consumer and consumer industries such as cosmetics, food supplements, food and beverages. Including the modern drug group as well. The company has already sent the extract samples to the study and research (R&D) team to the customers as well.
while the extracts from hemp flowers that are the products of the company Production has already started. However, downstream customers will have to experiment, formulate, and apply for a sales license from the FDA first. The whole process will take approximately 3-6 months. This section has a lot of interest from customers. including cosmetics, dietary supplements, food and beverages including the current drug group The work process following this will be to study, provide information, research, develop and produce products in the next order.