Elixxer Ltd ELIXF recently announced Global Canna Labs, Elixxer's 30% owned Jamaican cannabis producer, has exported 10 kilograms of cannabis from Jamaica into Canada.
This cargo represents the largest of its kind known to date and represents an important advancement for the Caribbean cannabis industry.
See Also: The Keys To Understanding Psilocybin's Medical Value, Market Potential
CLA stands for the Caribbean Licensing Authority and has been developing a viable export platform to support local production expanding cannabis exports.
"This is obviously a very important first step for Jamaica exporting medical cannabis," Elixxer President, John A. D. McMullen told Benzinga. "Good for Jamaica who wants to grow their medical cannabis business and jobs in the agricultural sector and great for Global Canna Labs who ELXR have been very supportive of. Jamaica medical cannabis has for many decades had a fantastic global reputation. This first export of Jamaican Medical Cannabis is a major milestone for the Govt of Jamaica, GCL and indeed ELXR."
© 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 rescheduling seems to be right around the corner
Want to understand what this means for the future of the industry? Hear directly for top executives, investors and policymakers at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. Get your tickets now before prices surge by following this link.