Toronto Based Cannabis Company Sets Up Shop In Colombia

business

Canada has once again shown that it is positioning itself to lead the world in the cannabis marketplace. Toronto based holding company, PharmaCielo is probably not a name you have ever associated with Canadian cannabis. That’s because while they are headquartered out of Toronto, their operation lies just outside of Medellin Colombia, the former home of the notorious drug lord Pablo Escobar.

The company decided that based on Canada’s track record and eagerness to embrace a cannabis economy, it was an obvious choice for a home base. As far as their choice to set up their grow operation in Colombia, they cite medical marijuana legalization in 2015 and the potential to service much of the southern hemisphere with exports. PharmaCielo was the first company in Colombia to be granted a license to extract cannabis for concentrates shortly after opening up shop in 2014.

CEO Dr. Patricio Stocker has an extensive background in managing global companies, mostly in the automotive sector. According to Dr. Stocker, the company’s focus is on making quality medicinal concentrates, while taking advantage of the cost savings of being located in Colombia. He has also stated that the company is dedicated to employing environmentally sustainable processes to cut back on the amount of resources consumed. The company is comprised of experienced executives from around the world, including the US tobacco and pharmaceutical industry.

PharmaCielo has already built out their grow in the countryside of Colombia, but have yet to plant their first seed, as they’re still waiting on their cultivation license which is expected later this year. The company hopes to establish exports to medical cannabis retailers in Canada, South Africa, Germany, Australia and other nations who choose to allow cannabis imports.

July 19, 2017

by Cory Hughes

Profile photo of Cory Hughes
Cory Hughes is a former police officer turned cannabis cultivator and writer. After years of being on the wrong side of the law, Cory decided to hang up his badge and gun and move into an industry that truly has the potential of bringing people together. He has been an active part of the Colorado cannabis culture and has worked as a horticulturist in dozens of licensed grow operations. Cory now looks to share his knowledge of cultivation and horticulture with the world.

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