International Cannabis to Acquire Colombian Pharmacy Operation from AgraFlora.
MANews-(C)2009-2019
29 May 2019 - Canadian cannabis company ICC International Cannabis Corp. (CSE: WRLD.U) (FWB: 8K51) (OTC: WLDCF) has entered into a binding letter of intent with AgraFlora Organics International Inc. (CSE: AGRA) (Frankfurt: PU31) (OTC: PUFXF), to acquire 100% of AgraFlora's Colombian pharmacy operation, Farma Swiss S.A.S., the company said.
The agreement provides International Cannabis with a coveted LATAM brick-and-mortar presence, as well as existing high-profile commercial agreement, further augmenting the company's THC/CBD cultivation capabilities and robust logistical infrastructure.
ICC's addition of a premier downstream Colombian asset thus conceives a compliant and secure platform for the distribution of medical cannabis and cannabinoid-derived products within Colombia.
It is anticipated that ICC will deploy a custom-made pharmacy compound strategy, originating with its inaugural Farma Swiss Colombian location.
Farma Swiss operates a licensed pharmacy strategically situated within a high traffic, commercial neighbourhood of Medellin, Colombia.
Farma Swiss' fully licenced brick and mortar pharmacy operation is equipped with the following ancillary, value-added services inbound prescription call centre, augmented by advanced supply chain and CRM software suites; domestic delivery service, providing local clientele with a vast array of medical pharmaceutical and over-the-counter products; on-site health related services and consulting; proposed cannabinoid education and doctor detailing staging ground; and, virtual channel capabilities.
ICC's acquisition of Farma Swiss augments recently concluded commercial arrangements between AgraFlora and ICC, completing the Companies symbiotic vertically integrated global cannabis mandates five-year term off-take agreement whereby ICC may purchase up to 100m grams of premium dried cannabis flower from AgraFlora's Delta Greenhouse Complex; and, AgraFlora's assignment of its library of 20 unique Colombian cannabis genetics to International Cannabis, including prominent...
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