Joint venture with Mino LabsTORONTO, Canada and RIONEGRO, Colombia (March 12, 2021) – PharmaCielo Ltd. (“PharmaCielo” or the “Company”) (TSXV: PCLO, OTCQX: PCLOF), the Canadian parent of Colombia's premier cultivator and producer of medicinal-grade cannabis extracts, PharmaCielo Colombia Holdings S.A.S., today provided an update on its operations in Mexico, in light of the country’s continued advancement of legislation to legalize the use of recreational cannabis in the country. On March 10th, Mexico’s Chamber of Deputies voted 316 to 129 to advance a bill that would legalize recreational cannabis use in the country (the “Bill”). This follows the move by Mexico’s health ministry in January, to publish a much-anticipated legal framework for the medical cannabis space, including a provision for the import of medicinal extracts and products. Through PharmaCielo S.A. de C.V. (“PharmaCielo Mexico”), a joint venture with MINO Labs S.A. de C.V. (“MINO Labs”), a specialty pharmaceutical company and medical supply distributor based in Mexico, the Company is well-positioned to become a preferred supplier in the country.