Business
Allied Corp. Announces Initiation of Its First Three Major Commercial Exports of Cannabis Flower From Colombia to International Markets
Allied Corp. Announces Initiation of Its First Three Major Commercial Exports of Cannabis Flower From Colombia to International Markets.
About this update from Allied Corp.
[{"type":"text","content":"\n KELOWNA, British Columbia, April 21, 2022 (GLOBE NEWSWIRE) -- Allied Corp. (\"Allied\" or the “Company”) (OTCQB: ALID) is pleased to announce that it has initiated three major commercial exports of Colombian-produced dried cannabis flower. One export is intended for Australia, and the other two exports are intended for the United States. The starting export volumes are for 1000, 1000 and 500 kilograms respectively. Allied only exports cannabis flower to countries where it is legal to do so (for example, in the United States the THC levels need to be less than 0.3%). As per the press release made on October 20, 2021, Allied signed a monthly supply agreement with a US-based multi-state operator for a supply of 1000 kilograms of Colombian flower (under 0.3% THC). The contract was structured for when the Colombian authorities allowed for the export of flower. On April 01 2022, Colombia approved the regulations for the export of dried flower and thus, Allied has now initiated this export with the Colombian authorities. As per the press release made on November 24, 2021 describing the Allied Inside™ supply chain to bring a monthly supply of 2000 kilograms of CBD flower to the US market for the Veterans For Healing CBD cigarettes. Allied has initiated a 500 kilogram export as a part of the 2000 kilogram monthly supply agreement signed in this agreement of November 2021. In addition to this, as per the press release made on September 20, 2021, Allied submitted its first import permit application to the Australian Department of Health for the import of 1000 kilograms of dried cannabis flower from Colombia. This dried flower import permit application took four months to achieve approval and is the first of its kind for Allied. With this approval, Allied has initiated the export of the first shipment as per the 1000kgs supply agreement destined for Australia. “1000 kilograms of vacuum sealed packaged cannabis flower is quite the sight to see. We couldn’t be more proud of this monumental achievement. It has taken years of relationship building, international negotiations and precise production knowledge to pull this off. Scaling production to these volumes is not easy with the stringent quality assurance limits for international standards needing to be met. Allied’s disease and pest management program,...