4Cable TV International, Inc. (OTC:
CATV) (the Company or CATV ) announced today that it completed the acquisition of all of the outstanding capital stock of Green Bros, S.A.S. ( Green Bros ). Green Bros, based in Medellín, Colombia, owns four cannabis licenses to cultivate, manufacture, and export Cannabis-related products.
At the beginning of 2021, the Colombian Ministry of Health and Social Protection published a draft bill (relating to Law 1787 and Decree 613 from 2017), which, among other things, seeks to facilitate access to Cannabis products for Colombians and allow Colombia companies to export THC dry flower. The Company recognized this opportunity as a means to further its transformation into a fully integrated global Cannabis business. The Company acquired Green Bros to initiate its ability to cultivate THC for the Company s international Cannabis business.