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  • Post Time Posted July 17, 2018
Aphria Inc. has announced the planned purchase of a subsidiary of Scythian Biosciences Corp. to expand into South America as well as Jamaica.

The goal, the company said, is to establish a presence in Colombia and several other countries by acquiring other companies through the purchase of Scythian’s LATAM Holdings Inc. 

The Colombian division will be run by Colcanna SAS, which has licenses to cultivate and manufacture medicinal extracts from cannabis for domestic international markets.
Aphria is also acquiring ABP S.A., an Argentinian based company that distributes to pharmacies, distributors, government clinics and hospitals in the country. 

In Jamaica, Aphria has acquired Marigold Projects Jamaica Ltd. which holds licenses to cultivate process, and sell cannabis products and services for therapeutic. Medical, and scientific purposes. 

The price of the deal was not released. 

Source: https://www.thestar.com/business/2018/07/17/cannabis-company-aphria-expands-to-south-america-jamaica-with-acquisition.html


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