Avicanna Inc (TSX:AVCN, OTCQX:AVCNF) said its majority-owned Colombian subsidiary Santa Marta Golden Hemp SAS (SMGH) has completed its first commercial export of feminized cannabis seeds to Spain.
The company said the characterization and production of these seeds were completed through Avicanna’s vertical integration infrastructure at SMGH.
The seeds are a part of the Aureus portfolio of products which also includes proprietary genetics in the form of feminized seeds, cannabinoid extracts and purified compounds including CBD, CBG and THC, Avicanna added.
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They are derived from hemp and cannabis cultivars and produced at the company’s industrial scale operations based in Santa Marta, Colombia.
Avicanna LATAM president Lucas Nosiglia said the company was pleased to announce that it had met the regulatory and quality standards of the Spanish authorities with the commercial export of its federally registered and standardized genetics.
“This marks the 19th country that our products have been exported to and we continue see the continued demand for our genetics program across international markets,” Nosiglia said.
“We look forward to expanding our genetic business unit in Spain and the rest of the European Union where demand for standardized genetics is growing with the emergence of the cannabis industry.”
Avicanna is a commercial-stage international biopharmaceutical company focused on the advancement and commercialization of evidence-based cannabinoid-based products for the global medical and pharmaceutical market segments.
Auerus, Avicanna’s supply chain business unit, is based in Santa Marta, Colombia, and provides a consistent source of cannabinoid raw materials for the global marketplace.
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