Ikänik Farms' wholly owned, Colombian subsidiary Pideka SAS, has successfully completed the first commercial sale and exportation of THC or tetrahydrocannabinol (the psychoactive ingredient in cannabis) to Mexico for use in Formula Magistral.
“We are excited to participate in this groundbreaking moment for the cannabis industry and the countries of Mexico and Colombia, as the first Colombian company to export psychoactive cannabis oil to Mexico. We would like to thank both governments for their roles, ensuring this collaborative effort remained a top priority,” said Borja Sanz de Madrid, President of Ikänik Farms, International.
Working hand in hand with both governments, Ikänik was successfully able to obtain all certifications and permissions needed to legalize the process and complete its 15-step procedure required to export psychoactive cannabis products from Colombia to Mexico.
Ikänik Farms legalized the exportation process of psychoactive cannabis in Colombia, making it the first company to successfully complete a “commercial sale” for export.
Looking ahead, Ikänik will provide cannabinoid solutions through formula magistral in LATAM to treat epilepsy, cancer, pain, nausea, anxiety, insomnia and support the growing demand of the EU marketplace.
“We are proud to have participated in this historic moment and look forward to our growth servicing the global cannabis market,” said Brian Baca, CEO of Ikänik Farms.
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