PE: Canadian company expands into Peru

Plena Global Holdings has signed a Letter of Intent (LOI) to acquire a 26M square foot certified organic farm in Peru. 

"Peru represents the world's best growing region for agricultural products, without peer," stated Richard Zwicky, Plena Global's CEO. "Peru is known both as 'nature's greenhouse' and the breadbasket to the world." 

The Company expects to have high-quality medical-grade cannabis raw material available for the domestic Peruvian market and for exporting globally in early Q1 of 2020 - subject to receiving all necessary licenses within anticipated timelines.

"Peru's climate and soil provides the opportunity to grow at scale and at an even lower cost since no greenhouses are required," the team with the company explains. "Peru's legislation offers the opportunity to export not only extract but also flower, for which demand is very high globally. With Peru on the way, we continue to grow and diversify our sources to meet the increasing demand for medical-grade cannabis.

For more information:
Plena Global

Publication date:

Receive the daily newsletter in your email for free | Click here

Other news in this sector:

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.

Click here for a guide on disabling your adblocker.