Ibague buying marijuana

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Ibague buying marijuana

Founded in by brothers Tom and David Gardner, The Motley Fool helps millions of people around the world achieve their financial goals through our investing services and financial advice. Our goal is to help every Canadian achieve financial freedom. Colombia, despite a range of negative factors impacting the growth of its legal cannabis industry, continues to rank as one of the best jurisdictions for cultivation. A combination of favourable climatic conditions, low costs, established agricultural sector, and rich soils make it one of the best locations globally to cultivate cannabis. It is also working on registering a further 25 strains with Colombia regulatory authorities. This is a lengthy process and an impressive milestone for the company to achieve. Avicanna has also commenced clinical trials of its derma-cosmetic products in Colombia, which it anticipates will be complete by the end of the fourth quarter The company expects to complete the expansion of its cultivating facilities by the end of This will give Avicanna a cultivating footprint of around , square feet, providing it with cultivating capacity of 22, kilograms of dried flower annually. Importantly, Avicanna has been ramping up activity at its production facilities with it on track to manufacture 82, units of its derma-cosmetic products by the end of the third quarter Those products will be distributed in the local Colombian market, where cannabis health and cosmetic applications are growing in popularity. For these reasons, Avicanna is shaping up as an interesting play on the burgeoning global legal cannabis market. Khiron is focused on developing pharmaceutical applications from cannabis and its operations are centred on Colombia, where it is one of the few fully accredited and licensed marijuana cultivators. The company recently announced that it had enhance its processing and research facilities in Colombia through improvements made to its GMP-accredited and operational facility located in Ibague. The cultivator expects commercial production to be underway at its Colombian operations during the third quarter and has capacity to produce 25, kilograms of cannabis annually. Khiron announced in its second-quarter results that it was advancing the acquisition of NettaGrowth, which will give it a licensed presence in the Urugayan market, where recreational cannabis consumption is legal. The expectation is that once commercial production at its cultivating facilities commences, Khiron will become profitable, causing its stock to soar, making now the time to buy. This should see them become some of the lowest-cost producers in the legal marijuana industry. October 16, Chris MacDonald. With pot stocks making big moves of late, many investors are now asking whether the cannabis sector is worth investing…. September 27, Aditya Raghunath. June 26, Aditya Raghunath. June 21, Amy Legate-Wolfe. These three stocks are easy buys for those who don't have all that much to spend, and want long-term growth…. June 10, Adam Othman. One of the benefits of choosing from some of the most beaten-down market segments like cannabis is that even a…. May 29, Andrew Button. May 22, Amy Legate-Wolfe. This cannabis stock has already doubled this year since week lows and could easily rise that much once more. May 21, Aditya Raghunath. Skip to content. To make the world smarter, happier, and richer.

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Ibague buying marijuana

Progress has been made regarding commercial registration as well as the production of medical cannabis products that target over 6 million patients in Latin America. Currently, the company owns and runs one of the most advanced medical cannabis cultivation and production facilities in Latin America. The company has so far completed the development of 14, sq ft. The company has also received approval from the Colombian Institute of Agriculture and National Cultivar Registry to list proprietary collection of strains that form a targeted portfolio aimed at addressing major conditions of pain, sleep disorders, and epilepsy. Following the approval, the company is now well-positioned to begin commercial registration, production as well as the distribution of medical cannabis products in Columbia. The company has commenced the construction of more greenhouses that will complement its initial 80, square foot greenhouse. Khiron is well endowed in the Columbian medical cannabis market and it already has established supply and distribution networks for high medical cannabis that is produced from its main facility and it has equally signed an agreement with close to pharmacies across the country and Khiron clinics. Khiron Life Sciences has positioned itself for growth to become a dominant cannabis company in Latin America through its cultivation, production, distribution, and export of THC and CBD medical cannabis. Last year the company was listed on the TSX Venture Exchange as part of its global growth and in the process it became the first Colombian medical cannabis company to be listed on any exchange globally. The company employs a patient-oriented approach and regionally focused strategy through the combination of scientific expertise, branded products, agricultural advantage as well as market experience to drive brand loyalty and prescription to in the Latin America market that is estimated to have more than million people. Selected edition. Sign in. My Portfolio News Latest News. Stocks: Most Actives. Credit Cards. Latest News. Read full article. ME Staff. Tue, Jun 4, , PM. Link Copied. Milestones and progress made by Khiron Currently, the company owns and runs one of the most advanced medical cannabis cultivation and production facilities in Latin America. View comments.

Ibague buying marijuana