Cannabis company growing weed in Colombia goes public in US
But a company named Flora Growth that went public on the Nasdaq on Tuesday is taking a different approach. Although headquartered in Toronto, its agricultural operations are in Colombia. And it cultivates cannabis the old-fashioned way: outdoors.
Why? It’s a lot cheaper.
It costs Flora Growth just 6 cents to cultivate a gram of dry flower for medicinal grade cannabis in Colombia, compared to about $1.25 a gram indoors in North America, CEO Luis Merchan said in an interview with CNN Business before the IPO.
Yet other companies aren’t racing to South America, he said, because it takes time for companies to get approval from the Colombian government for licenses and registration to set up cannabis facilities.
Cuban pair in the spotlight as Marcelo Aguirre and Leyla Gomez exit the race - International Table Tennis Federation
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Cuba celebrates as Jorge Campos and Daniela Fonseca Carrazana seal Tokyo qualification - International Table Tennis Federation
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International Table Tennis Federation 17 Apr 2021
The morning of Saturday 17th April signalled the start of the much-anticipated mixed doubles event at the 2021 Latin American Singles and Mixed Doubles Qualification tournament in Rosario, Argentina with a handful of fixtures from the Round of 16 getting play underway.
Two names who have been amongst the headlines in recent days, Cuba’s Jorge Campos and Daniela Fonseca Carrazana were amongst the successful partnerships from the session.
Jorge Campos (pictured) and Daniela Fonseca Carrazana strike opening round win (Photo courtesy of organising committee)
by Simon Daish
Jorge Campos and Daniela Fonseca Carrazana were the only pair to upset the seeding list, with the no.10 seeds earning an impressive 4-1 victory over the duo seeded three positions higher in Paraguay’s Marcelo Aguirre and Leyla Gomez (11-7, 11-4, 11-7, 7-11, 11-7).