Investors cannabis oil eye Uruguay as medical cannabis export hub
Almost six years after Uruguay fully legalized cannabis, investors are eyeing the South American country as an export hub for medical pot.
Silverpeak Life Sciences Uruguay is in talks with investment bankers to raise $35 million in order to increase manufacturing fourfold this season. Silverpeak, which will be one of several country’s largest cannabis that are medical organizations, additionally intends to build a more substantial removal laboratory in 2020.
In accordance with Silverpeak Life Sciences CEO and U.S. cannabis investor Jordan Lewis, their prepared and desired expansion involves about 25 tons next year. He stated that they have been expecting this expansion to create over $100 million in income.
Worldwide CBD Exchange
Investors have already been pouring funds into Canada and also the U.S. (more…)