Avicanna’s Subsidiary Santa Marta Golden Hemp Completes First Commercial Export of Feminized Cannabis Seeds to Lesotho
Avicanna Inc. ("Avicanna
" or the
") (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN) a
biopharmaceutical company focused on the development, manufacturing
and commercialization of plant-derived cannabinoid-based products
is pleased to announce that, through its majority owned Colombian
subsidiary, Santa Marta Golden Hemp S.A.S.
) the Company has completed its first
commercial export of feminized cannabis seeds to the African region
with an initial export to Lesotho.
The development, standardization and production
of these seeds were all completed through Avicanna’s vertical
integration at SMGH located in Santa Marta, Colombia. The
standardized and feminized seeds are a part of the
Aureus™ product portfolio which includes CBD, CBG and THC
seeds, resins or whole plant crude oils, cannabinoid distillates,
and isolated cannabinoids.
Lucas Nosiglia, President of Avicanna LATAM,
commented: “We are happy to see the demand for our proprietary
genetics grow internationally. The culmination of our seed
development and standardization efforts provides our international
partners with the opportunity to cultivate federally registered,
reliable and consistent cultivars across various environments and
To its knowledge, the Company carries out its operations in
compliance with all applicable laws in the jurisdictions in which
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. These include
active pharmaceutical ingredients and feminized seeds, for
Avicanna’s cosmetic, medical, and pharmaceutical products, in
addition to supplying the company’s partners around the world.
Aureus-branded products are cultivated,
extracted, and manufactured by Avicanna’s subsidiaries in Colombia
where they leverage optimal environmental conditions to produce
cannabinoid active pharmaceutical ingredients economically and
sustainably with USDA organic and GACP certifications.
About Avicanna Inc.
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. Avicanna has
an established scientific platform including R&D and clinical
development that has led to the commercialization of more than
thirty products across various market segments:
Medical Cannabis & Wellness
Products: Marketed under the RHO Phyto™ brand these
medical and wellness products are a line of pharmaceutical-grade
cannabinoid products containing varying ratios of cannabidiol
(“CBD”) and tetrahydrocannabinol (“THC”). The product portfolio
contains a full formulary of products including oral, sublingual,
topical, and transdermal deliveries that have controlled dosing,
enhanced absorption and stability studies supported by pre-clinical
data. The formulary is marketed with consumer, patient and
medical-community education and training.
Pipeline: Leveraging Avicanna’s scientific platform,
vertical integration, and real-world evidence, Avicanna has created
a pipeline of patent-pending drug candidates that are
indication-specific and in various stages of clinical development
and commercialization. These cannabinoid-based drug candidates look
to address unmet medical needs in the areas of dermatology, chronic
pain, and various neurological disorders. Avicanna’s first
pharmaceutical preparation (Trunerox™) is in the drug registration
stage in South America.
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SOURCE Avicanna Inc.
For more information about Avicanna, visit
www.avicanna.com, contact Ivana Maric by email at email@example.com
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Forward-looking information contained in this news release may be
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developments may differ materially from those contemplated by these
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to differ materially from those projected in the forward-looking
information. Such risks and uncertainties include but are not
limited to current and future market conditions, including the
market price of the common shares of the Company, and the risk
factors set out in the Company’s annual information form dated
March 31, 2022 filed with the Canadian securities regulators and
available under the Company’s profile on SEDAR at www.sedar.com.
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information, future events or results or otherwise, other than as
required by applicable securities laws.
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