Business
PharmaCielo Announces Receipt of Production Quota of THC Dominant Dried Cannabis Flower for Export - Commercial Quantities of Flower Shipments to Begin in Early 2023
PharmaCielo Announces Receipt of Production Quota of THC Dominant Dried Cannabis Flower f...
About this update from Pharmacielo Ltd.
[{"type":"text","content":"\n \n \n \n PharmaCielo Announces Receipt of Production Quota of THC Dominant Dried Cannabis Flower for Export - Commercial Quantities of Flower Shipments to Begin in Early 2023\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Colombian government has maintained its commitment to supporting its cannabis producers and building a dominant global export industry.\n \n \n \n \n Five tonne quota to grow THC-dominant cannabis strains for export as dried flower will support the fulfillment of current sales agreements, beginning in early 2023.\n \n \n \n \n \n \n TORONTO\n \n and RIONEGRO, Colombia\n \n ,\n \n \n Sept. 14, 2022\n \n \n /CNW/ - PharmaCielo Ltd. (\"PharmaCielo\" or the \"Company\") (TSXV: PCLO) (OTCQX: PCLOF), the Canadian parent of Colombia's premier cultivator and producer of dried flower and medicinal-grade cannabis extracts, PharmaCielo Colombia Holdings S.A.S. (\"Holdings\"), today announced it has received a five tonne quota to produce THC-dominant cannabis strains for export as dried flower. This quota will support PharmaCielo's sales efforts in additional global markets, and enable the Company to fulfill shipments of dried cannabis flower to support current agreements. The Company expects to begin shipping commercial quantities of dried cannabis flower beginning  in early 2023 with continued growth over the course of the year.\n \n \n \n \n \n \n \n \n \n \n Management Commentary\n \n \n \n \n \n Bill Petron\n \n \n ,\n \n CEO of PharmaCielo\n \n , commented, \"The Colombian government has consistently demonstrated a commitment to supporting domestic cannabis producers, and building its export industry into a position of global dominance. Colombian dried cannabis flower is well-positioned to compete with higher cost cannabis flower currently being exported to the EU,\n \n Israel\n \n ,\n \n Australia\n \n and other markets from jurisdictions such as\n \n Canada\n \n . 2023 will be an important growth year for the Colombian cannabis industry, and for PharmaCielo...