CORONA, Calif. – Ikänik Farms Inc. (the “Company”) is happy to announce its wholly owned, Colombian subsidiary Pideka SAS (“Pideka”), has efficiently accomplished its preliminary business and R&D gross sales of full spectrum Cannabis oil, to be used in Formula Magistral, Colombia’s authorised pharmaceutical methodology.
“We are pleased to be the first in Colombia to complete the sale of pharmaceutical grade, full spectrum cannabis oil for both human and veterinary use, to our national clients,” mentioned Borja Sanz de Madrid, President of Ikänik Farms International.
In addition, the Company accomplished its first R&D sale with the Universidad Pontificia Bolivariana, Medellin to start scientific analysis on cannabis-based therapies for the coronavirus (COVID-19).
Ikänik Farms has obtained all required pharma and agronomic certifications, enabling it to be the primary in Colombia to finish a seed to “commercial sale”, to be used in the pharmaceutical kind referred to as system magistral.
The Company accomplished 5 business gross sales together with Laboratory Efrata Flower, for sufferers searching for aid from ache, nausea, anxiousness, and insomnia and in the veterinary market, to Equinab, for the remedy of anxiousness and ache in equine and canine’s, and equine melanoma.
Monthly gross sales orders are anticipated to incrementally develop over the subsequent 12 months.
Ikänik Farms intends to broaden its business shopper base nationally and internationally by means of contract manufacturing and strategic partnerships, aiding in mitigating threat by means of development cycles and capital deployment, because it continues to scale international operations.
“We are very proud to be part of Colombia’s medical cannabis market and look forward to supporting the emerging global marketplace, from Casa Flores,” mentioned Brian Baca, CEO of Ikänik Farms.
About Ikänik Farms
Ikanik Farms is making a dynamic portfolio of hashish manufacturers aimed to assist international pharmaceutical demand, rooted in well being and wellness, motion sports activities and unified with ardour. The firm’s management brings many years of experience in R&D, cultivation, retail, branding, and company finance with the ambition to construct the worlds most iconic, vertically built-in “seed-to-sale”, “MNO” Multi-National Operator. Ikänik Farms’ at present has operations situated in California and Colombia, by means of its pharma division Pideka which holds each GMP_PHARMA and (GACP) Good Agricultural and Collection Practice certifications for the Casa Flores, working facility. www.iknkbrands.com; www.Ikänikfarms.com