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Monday, May 20, 2024
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Business

Allied Corp finishes exporting Colombia-grown pot to Switzerland

The export approval includes 7,100 kilograms of cannabis in total

Allied Corp. inks deal to offer GMP medical cannabis internationally
Photo via Allied Corp.

Kelowna-based pot producer Allied Corp. (OTCQB: ALID) has successfully sent its Colombia-grown cannabis to a partner in Switzerland.

On Thursday, the Kelowna-based pot producer with primary operations in Colombia shipped 1,728 kilograms of cannabis to a partner in Switzerland.

The export approval includes 7,100 kilograms of cannabis in total and after the first batch, other batches of 1,500 kilograms will follow until it reaches the total export approval amount.

Last April, Colombia started allowing commercial exports of cannabis and after overcoming many regulatory inspections, analyses and discussions, the company was able to send its first export from Colombia in June, the second in July and the third one was sent on Thursday.

Allied’s cultivars include over 15,000 THC plants created for different batches that will be available for sale around September.

Company stock went up by 7.29 per cent on Thursday to $0.52 on the OTC Market exchange.

Read more: Allied Corp. enters sales agreement with Brazilian medical products distributor

Read more:  Allied Corp. begins exports of Colombia-grown dried flower to Australia and US

“We are the first company ever to ship a commercial shipment of dried cannabis to an international market – now we are not only duplicating our shipments but are doing so at a commercial scale,” CEO Calum Hughes said.

“This is the largest known legal shipment that we know of out of Colombia. This accomplishment speaks to the quality of our team, and most importantly our product.”

The company recently signed a purchase agreement US$147,000 worth of its products will go to an unnamed Brazilian distributor each month that delivers medical products to São Paulo’s Hospital Israelita Albert Einstein.

 

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