Biotech company Avicanna (TSX: AVCN) (OTCQX: AVCNF) announced Thursday a series of moves in its Latin American expansion effort.
The Canadian company, which has a strong presence in Colombia, entered an agreement with Alliancepharma Technologies to import and distribute its pharmaceutical cannabinoid-based products into Ecuador.
Separately, the company inked an agreement with Spenta, an Ecuadorian cosmetic distributor, for the distribution of its derma-cosmetic product line under the brand Pura Earth.
Avicanna also announced the completion of its first export of cannabis seeds to Uruguay, on behalf of its majority-owned subsidiary, Santa Marta Golden Hemp, a cannabis cultivator with facilities in Colombia.
Entering The Ecuador Market: Avicanna is setting foot in Ecuador with two new strategic alliances.
The company expects to leverage Spenta’s distribution network of pharmacies, beauty …