A Look At PharmaCielo's High-THC Cultivation Deal In Colombia

Cannabis producer PharmaCielo PCLO PCLOF has hit another important milestone in its quest to become a global supplier of high-grade medicinal cannabis extracts.

Last week, the Canadian-Colombian company secured a government authorization to cultivate and produce over 11 tons of high-THC dry flower for extract processing and export in 2020.

PharmaCielo confirmed that both the Colombian Ministries of Justice and Health granted the company the required authorizations to commence commercial cultivation of THC-dominant dry-flower for extract production, designated for export to the German market.

In a statement to Benzinga, David Attard, CEO of PharmaCielo said that “the government’s authorization for commercial grow and production for export of high-THC extracts adds significant depth to our medicinal cannabis product portfolio. It aligns with our growth and sales strategy and enables greater flexibility to meet current and future B2B customer needs for specific formulations at high volumes.”

To date, PharmaCielo holds 30 proprietary strains, registered in the Colombian national cultivar, including some unique high-THC strains. PharmaCielo’s proprietary cultivars are developed through extensive experimentation with an even larger range of landrace strains, of which 186 are held in the proprietary seed bank (fuente semillera) for medicinal propagation.

Courtesy photo.

Market News and Data brought to you by Benzinga APIs
Posted In: CannabisNewsPenny StocksMarketscannabis industrycannabis salesColombia
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on bzcannabis.com – Prices will increase very soon!