INSD - InstadosePharma nabs Columbia JV and supply agreement
Instadose Pharma (OTCPK:INSD) announces that Instadose Pharma has established strategic joint venture partners in Colombia to export medical cannabis to Europe through Instadose's Global Distribution Platform. On July 23, 2021, current Colombian President Ivan Duque executed decree 811 of 2021 legalizing the export of cannabis for medicinal and other industries (the "Export Decree"). The Export Decree has set the stage for Colombia to play a significant role in the international Medicinal Cannabis marketplace. "Our Colombia joint ventures are strategic in that it enhances our Global Distribution Platform with the highest quality and sought-after product in the world. In addition to establishing joint venture partnerships, we have executed supply agreements for the shipment of 100,000 kg of medical cannabis with our Colombia JV Partners for shipment to Instadose's facility in North Macedonia in the first quarter of 2022". commented Grant Sanders, Chairman.
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InstadosePharma nabs Columbia JV and supply agreement