The Colombian government granted PharmaCielo authorization for the 2020 commercial cultivation, production and export of high-THC medicinal cannabis extracts, in fulfilment of existing sales agreements.
The commercial quotas obtained from the ministries of Justice and Health enable the Company to immediately begin cultivation and processing of 10 tonnes of THC-dominant dry flower.
“The government’s approval for PharmaCielo to grow, extract and export high-THC medicinal products is a significant milestone that significantly expands our product portfolio and complements our medicinal offerings of CBD oil and isolate,” says David Attard, CEO. “This THC quota, coupled with expanded processing and extraction capacity, enables greater flexibility for us to fulfill current international customer obligations as well as to engage the B2B market with a broader product offering range at scale.”
Henning von Koss, President of PharmaCielo, added, “The truly successful medicinal use of cannabis depends to a great extent on managing its psychoactive and non-psychoactive properties. A broad portfolio is important, but even more important is the flexibility and capability to quickly turn the components of that portfolio into in-demand formulations. As we broaden our portfolio through 2020, we will be working concurrently with our customer base and the medicinal community to identify the appropriate formulations and concentrations of cannabinoids and terpenes to meet a variety of market-specific medicinal regulatory needs, and which are sourced from our proprietary strains that provide unique profiles.”
"To date, PharmaCielo has developed and registered 30 proprietary strains in the national cultivar, including unique high-THC strains, enabling future production of a variety of psychoactive dominant extracts for medicinal purposes, based on market demand," the team with the company explains. "Each cultivar strain possesses its own unique cannabinoid and terpene genetic profile. 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."
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