News Briefs 73
Toronto, Canada-based PharmaCielo announced July 25 that it paid US$5 million plus 1.7 million in equity shares for a 27-hectares farm and greenhouse-nursery facility in Rionegro, Antioquia, for development of a medical-marijuana cultivation and processing plant.
Medellin’s investment promotion agency --“Agencia de Cooperación e Inversión de Medellín y el Área Metropolitana” (ACI) – announced July 6 that five Uruguay-based companies and two Brazil-based companies are eyeing new business launches or expansions here.
Toronto, Canada-based PharmaCielo announced June 28 that it won a manufacturing license from Colombia’s Ministry of Health and Social Protection to process marijuana plants for “medical and scientific purposes.”
Colombia President Juan Manuel Santos and Fuerzas Armadas Revolucionarias de Colombia (FARC) leader Timoleon (“Timochenko”) Jimenez formally signed a cease-fire agreement June 23 in Havana, Cuba, a key step before any final “peace agreement” deal would be signed.
Colombia’s gross domestic product (“PIB” in Spanish initials) dipped to a 2.5% annual rate in first quarter (1Q) 2016, according to the national government’s economic statistics agency (Departamento Administrativo Nacional de Estadística, DANE).