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Ganja company Marigold Projects Jamaica Limited is signing on as a sponsor of the Peter Tosh museum at the Pulse commercial complex, and will also open a herb house at that venue.
Marigold's herb house is expected to be operational by July, sources say. The herb house initiative was disclosed in market filings overseas by Scythian Biosciences Corp, which is in the process of finalising the acquisition of Marigold Acquisitions Inc, a company that holds a 49 per cent stake in Marigold Projects Jamaica.
As the exclusive cannabis sponsor, Marigold's branding will be showcased in the world-renowned museum," said Scythian in its filings to the Toronto, Frankfurt and Nasdaq exchanges this month.
The opening of the herb house remains subject to CLA approval, added Scythian. Pulse told the Financial Gleaner that herb house would be located in a separate section of the complex and "not within the museum".
The details of the sponsorship agreement with Marigold were not disclosed.
The museum, which opened its doors in Octobercontains key items and memorabilia honouring the life and work of the late Peter Tosh, an original member of The Wailers.
The CLA itself has said it does not disclose the names of conditional licensees until the licences are issued. Scythian also said Marigold is working with the University of West Indies to develop and test products derived from high cannabidiol cannabis sativa strains to establish their efficacy in treating diabetes, hypertension, pain and other ailments.How to Start a Hotel: 5 Keys to Success Starting a hotel requires careful choice of a location and strategy, a business plan, access to considerable financial resources, and a customer service mindset.
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