PINL:CTABF - Post by User
Post by
Newdudeon Jan 08, 2019 4:11am
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Post# 29198740
Colombia
Colombia Canntab signing of a non-binding Letter of Intent with NewCanna S.A.S of Bogota, Colombia for the establishment of a significant bi-lateral relationship covering the sale and distribution of Canntab’s products in Colombia, Chile, Paraguay and Spain with a one-time, non-refundable license fee ($2 million US) payable to Canntab by NewCanna. Along with the cash, the Colombia deal gives Canntab exposure to Columbian marijuana growers. Growing marijuana in Colombia makes a lot of sense because the plant can be grown year round without power-hungry lights.
Coming at the new world of legalized Canadian cannabis from a pharma background means that Canntab brings an entirely different set of skills to the table. In a crowded market, those skills set Canntab apart. While everyone else is growing cannabis, Canntab is already on the road to creating high value-added medical products.