InhaleRx Limited announced that the Victorian Department of Health & Human Services has granted the Company licenses under the Drugs, Poisons and Controlled Substances Act 1981. The Licenses authorize IRX to wholesale scheduled substances, including all Schedule 2, 3, and 4 medications, as well as, limited Schedule 8 medications which includes medicinal cannabis. IRX will store and distribute these medications using accredited third party logistics suppliers to authorized recipients nationally.

Given this development, the Company can now take ownership of scheduled medications which creates possibilities for new product development and associated revenue streams.