Avicanna Inc AVCN announced Friday that its subsidiary, Santa Marta Golden Hemp S.A.S., exported its first batch of purified cannabidiol from Colombia to Canada for scientific research.
To enable the import of CBD isolates into Canada, Health Canada issued three authorizations to Santa Marta Golden Hemp at the end of June, and the isolates left Colombia Thursday, the company said.
“We are thrilled to complete our first export and proud to be doing so into Canada. This is another validation of Avicanna's ability to execute on all of its verticals and demonstrates the success and advantage of Avicanna's cultivation infrastructure, extraction and purification capacity, and regulatory expertise,” CEO Aras Azadian said in a statement.
Click here for more information about the upcoming Benzinga Cannabis Capital Conference Oct. 22-23 in Chicago.
Avicanna is an Ontario corporation concentrated on the production of various plant-derived cannabinoid-based products, and has two Colombian subsidiaries that represent the company’s base for cultivation operations.
Don’t miss out on the top cannabis stories of the day. Click here to sign up for our daily insider newsletter.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
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 leverage California’s unique market?
Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!
Get your tickets now to secure your spot and avoid last-minute price hikes.