People across the globe have been using cannabis products as an herbal treatment for centuries. Presently, even doctors are prescribing it to treat numerous health problems under regulatory guidelines. However, many governments worldwide still consider it illegal while few governments allow the usage of cannabis for treating clinical problems.
In Colombia, cannabis producers are regulated by the Ministry of Justice and Law of the Republic which recently made headlines by granting a non-psychoactive cultivation license for Blueberries Medical Corp’s Zipaquira property.
With this approval, Blueberries now has two fully licensed cultivation facilities in Colombia. The company has now become one of the largest licensed medicinal cannabis producers for international and domestic distribution.
To cost-effectively and quickly bring the Zipaquira property into production, Blueberries has inked an LOI (Letter of Intent) to establish a joint venture with QualCann SAS for developing the property into a cost-efficient outdoor cultivation facility.
Sources cite that QualCann will share best practices, provide specialized genetics, and contribute to any operating and capital expenses in exchange for a share of produced cannabis. The Zipaquira property offers exceptional conditions for cannabis cultivation and will enable the company to achieve considerable operational savings on the energy price for artificial lighting and water.
The outdoor operation facility will follow an asset-light model with minimal infrastructure and capital costs in contrast to a more capital intensive greenhouse or indoor cultivation model.
Camilo Villalba, CEO, Blueberries said that the company is pleased to receive this crucial license and inking a strategic agreement with QualCann will help the firm implement a cost efficient approach to outdoor cannabis production with minimum capital investment.
Mr. Villalba added that both companies will be focusing on optimizing the operation to develop cannabis with the maximum concentration of active non-psychoactive cannabinoids to extract these compounds at the highest purity and lowest cost. Climatic conditions of highlands of Colombia represent a great opportunity to develop valuable and unique cannabinoid profiles with cost-efficient outdoors, he added.
Source credit - https://www.globenewswire.com/news-release/2020/04/23/2020840/0/en/Blueberries-Medical-Granted-Cultivation-License-for-up-to-37-Acres-of-Outdoor-Production-at-Second-Cultivation-Property-Signs-Letter-of-Intent-to-Commence-Low-Cost-Outdoor-Producti.html