PharmaCielo Ltd., the Canadian parent of Colombia’s premier cultivator and producer of medicinal-grade cannabis extracts, PharmaCielo Colombia Holdings S.A.S., has signed a sales agreement (the “Agreement”) with a cannabis-focused pharmaceutical player in the Brazilian market (the “Customer”), following an on-site visit by the Customer during July 2021. The Customer is present in many countries in South America, Europe and Asia, and is in the process of registering and seeking to distribute its cannabis products in these markets in the near-term.
The Agreement covers a selection of PharmaCielo products, including CBD Isolate, CBD Full Spectrum, THC Full Spectrum and THC Distillate. In conjunction with the Agreement, PharmaCielo made an initial commercial sale of CBD Isolate to the Customer. The Company expects to begin shipping additional CBD and THC formulations during Q4 2021 once final product registrations and import permits, are in place in Brazil.
Henning von Koss, CEO of PharmaCielo commented, “Over the past several months, our global business development team has made substantial progress towards establishing long-term sales and product development relationships in key markets, including Brazil. A key component of our global B2B strategy is to partner with the right product developers and suppliers in growth markets and to embed PharmaCielo APIs into the supply chain early, based on our high-quality formulations and ability to provide consistency at scale. The Customer is a key player in the growing Brazilian medical market, and a perfect example of the type of sophisticated product developer that we are building solid partnerships with.”
The CEO of the Customer added, “Our mission is to offer high-quality cannabinoid products, manufactured with pharmaceutical standards, at an affordable cost to patients. Having explored partnerships with several other global cannabinoid suppliers, PharmaCielo stands out in its ability to immediately bring a robust, high quality product shelf to the company, as well as value-added formulation expertise, and all at an impressive scale. We very much look forward to deepening our relationship as we continue to grow our global operations.”
PharmaCielo Ltd. is a global company, headquartered in Canada, with a focus on ethical and sustainable processing and supplying of all natural, medicinal-grade cannabis oil extracts and related products to large channel distributors. PharmaCielo’s principal (and wholly owned) subsidiary is PharmaCielo Colombia Holdings S.A.S., headquartered at its cultivation and processing centre located in Rionegro, Colombia.