PharmaCielo Enters Spanish Market with Initial Shipment of 300 kg of CBD Full Spectrum Oil to Pharmaceutical Company
TORONTO and RIONEGRO, COLOMBIA, May 24, 2022 (Canada NewsWire via COMTEX) —
-- The Company has shipped pharmaceutical grade CBD full spectrum
oil containing THC to Extractions Solutions SL, to support
pre-commercial development of a full spectrum product for the
European market.
PharmaCielo Ltd. (“PharmaCielo” or the “Company”) (TSXV: PCLO) (OTCQX: PCLOF), the Canadian parent of Colombia’s premier cultivator and producer of dried flower and medicinal-grade cannabis extracts, PharmaCielo Colombia Holdings S.A.S. (“Holdings”), today announced that it has made an initial shipment of CBD full spectrum oil containing THC to Extractions Solutions SL (“Extractions Solutions”), a Spanish natural pharmaceutical company that specializes in the post-processing and refinement of cannabis derivatives. Extractions Solutions intends to use PharmaCielo’s product to develop CBD derivatives to be produced in Spain, and distributed across Europe.
Bill Petron, CEO of PharmaCielo, commented, “We are pleased to announce our entrance into a new market, with the initial shipment of PharmaCielo API(1) to Extractions Solutions, in support of their product development efforts. This serves to further expand our distribution network throughout Europe, building on our recent announcements that we…
