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This Latin American Cannabis Co. Plans To Expand In Thailand Amid Significant Shifts In Weed Regulation Landscape

By Jelena Martinovic
April 10, 10:49 AM
PharmaCielo revealed its plans to acquire cannabis operations in Thailand.On Wednesday, the Canadian parent of Colombia's premier cultivator and producer of dried flower and medicinal-grade cannabis extracts, PharmaCielo Colombia Holdings S.A.S., said it has signed a binding letter of intent to enter a proposed transaction to acquire 100% of the issued and outstanding shares of Siam Ventures Corporation in exchange for common shares of PharmaCielo equaling to CA$3 million ($2.2 million).PharmaCielo also revealed it's undertaking a non-brokered private placement of 9,090,909 units at CA$0.2 per unit. Under the deal, the sum will be payable on closing by way of the issuance of 13,636,363 PharmaCielo Shares to the Siam Ventures' shareholders on a pro-rata basis.

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Colombia’s President Wants Weed Legalized Despite Senate Opposition: Prohibition Increases ‘Profits Of Drug Trafficking, Violence’

By Jelena Martinovic
December 15, 9:21 AM
The Colombian Senate has put on hold a measure seeking to legalise marijuana, despite it having advanced through the Chamber of Representatives and a Senate committee. Colombian President Gustavo Petro objected to the decision, arguing that it would increase the profits of drug trafficking and its violence. If lawmakers decide to implement the reform, they will have to start the two-year legislative process from scratch next year.

CLVR