ICC International Cannabis Corp (CSE:WRLD) said Thursday that it has cleared a cannabis inspection by Colombian authorities.
The Colombian Agricultural Institute (ICA) administers the South American nation’s seed certification, as well as overseeing agricultural research and development, ensuring safety and promoting trade.
"Successful completion of the ICA's cannabis inspection is a significant achievement for International Cannabis and further emphasizes the company's mandate to become a global cannabis producer of recognized quality standards," CEO Eugene Beukman said in a statement.
Vancouver-based ICC recently acquired 13 hectares (32 acres) of agricultural land in Funza, about 20 kilometers by car from El Dorado International Bogota Airport.
Colombia has become a desirable place for cannabis cultivation, according to ICC, citing the country’s growing conditions.
Shares of ICC climbed C$0.01, or 2.1%, to C$0.48 on the Canadian Securities Exchange.
Contact Dennis Fitzgerald at [email protected]