PharmaCielo (TSXV: PCLO) recently announced that it commenced trading on the TSX Venture Exchange (“TSXV”) under the symbol “PCLO” on January 18, 2019. The company’s news release also provided an outlook for fiscal 2019. Among other highlights, PharmaCielo plans to scale its area under current cultivation from 5.3 hectares of open-air greenhouse to roughly 20 hectares; solidify relationships with distributors and end-product manufacturers in certain international jurisdictions to bring products to market; and begin cannabis oil product sales in key markets to generate revenue. “2019 will be an exciting year for PharmaCielo shareholders. We have constructed a platform with the sophistication and scale to rapidly become a value-added provider of cannabinoid inputs to some of the world’s largest organizations. Global, consumer-facing companies are accustomed to supply chain partners that can provide inputs of consistently high quality, in large volume. As the most sophisticated and scalable cannabis producer in South America, PharmaCielo is ready to meet these requirements and to create significant value for shareholders and partners, in the process,” PharmaCielo CEO David Attard stated in the news release.
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About PharmaCielo
PharmaCielo Ltd. is a global company headquartered in Canada, with a focus on processing and supplying 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 nursery and propagation center located in Rionegro, Colombia. The boards of directors and executive teams of both PharmaCielo and PharmaCielo Colombia Holdings are comprised of a diversely talented group of international business executives and specialists with relevant and varied expertise. PharmaCielo recognized the significant role that Colombia’s ideal location will play in building a sustainable business in the medical cannabis industry, and the company, together with its directors and executives, has built a compelling business plan focused on supplying the international marketplace. For more information, visit the company’s website at www.PharmaCielo.com.
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