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MX: Ikänik Farms acquires Mexico-based cannabis operation

Ikänik Farms has purchased all issued and outstanding shares of Delta 9 Corporation Mexico S.A. de C.V ("D9C"), based in Coyoacán, Mexico. "D9C's legal representative is permitted to import and register cannabis seeds for cultivation through the legalized Amparo process," the team with the company explains. "The Company intends to contract-produce for national and international pharmaceutical cannabis and hemp-derived CBD clients." 

"I am very excited to welcome D9C and its team of scientific, legal, and regulatory specialists who have been exemplary leaders, shepherding the cannabis legalization process, and providing Ikänik the opportunity to be a 1 of 1 in Mexico", said Brian Baca, CEO of Ikänik Farms, Inc.

"D9C is the exclusive Amparo representative to import, cultivate, and produce products derived from cannabis and hemp for national and international markets." 

Borja Sanz de Madrid, President of Ikänik International, Inc. further emphasized, "We are proud to participate in this historic moment for Mexico. It will be our honor bringing pharmaceutical cannabis Hecho en Mexico para el mundo" 

Upon D9C's legal representative completing the seed importation and registration process, cultivation and facility construction will commence, providing employment opportunities and social support in the communities it serves.

This acquisition marks a significant milestone for the Company, as it continues to grow its multi-national operating presence and prepares to complete a public listing on the Canadian Securities Exchange. 

Transaction Highlights
"D9C will provide Ikänik unparalleled speed and access to the Mexican and international marketplace," the company further explains. "It will be the first to import certified and licensed seeds for genetic registration from Ikänik's Colombian GACP and GMP-PHARMA certified "Casa Flores" location, paving the way for cultivation activities and building a state-of-the-art complex for cannabis production. Ikänik Farms, will sell products under its family of brands, providing a broader target audience for pharmaceutical retail partners across Mexico. D9C provides Ikänik the ability to continue effectively scale and fill its growing international supply agreements for pharmaceutical grade Cannabis and Hemp derived CBD, pending receipt of permits."

For more information:
Ikänik Farms
ikanikfarms.com  


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