California-based Ikänik Farms Inc. has partnered with CAS Biotechnology to study the effects of pharmaceutical-grade cannabis oil in the treatment of COVID-19.
Under the collaboration deal, Ikänik opted to export the pharmaceutical-grade cannabis provided by its Colombia-based GACP and GMP-Pharma certified Casa Flores facility to Mexico.
The company said Monday that CAS Biotechnology's team would be responsible for testing samples provided by Pideka SAS.
The Mexico-based CAS Biotechnology will oversee scientific research and pre-clinical trials to evaluate the effect of Cannabis oil on SARS-CoV-2's replication cycle.
Ikänik International's President Borja Sanz de Madrid is thrilled with the new partnership while hoping to "aid in the treatment of COVID-19."
"We are very proud to participate in a study that brings medicine and cannabis closer together, in a joint effort to discover possible Phyto therapeutic treatments, as a new course of action for the treatment of COVID-19," Ikänik CEO Brian Baca said.
Earlier this month, the company acquired Delta 9 Corporation Mexico in order to export hemp and cannabis products to Mexico legally.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis is evolving—don’t get left behind!
Curious about what’s next for the industry and how to stay ahead in today’s competitive market?
Join top executives, investors, and industry leaders at the Benzinga Cannabis Capital Conference in Chicago on June 9-10. Dive deep into market-shaping strategies, investment trends, and brand-building insights that will define the future of cannabis.
Secure your spot now before prices go up—this is where the biggest deals and connections happen!