There’s no holding right back for Aurora Cannabis! South American expansion is underway

There’s no holding right back for Aurora Cannabis! South American expansion is underway

Aurora Cannabis Inc. announced its takeover of ICC laboratories Inc. so that you can increase into South Usa. ICC laboratories runs in Uruguay and it is considered a frontrunner into the cannabis that are region’s.

ICC, that will be located in Vancouver, Canada, apparently includes a 70% share of the market in Uruguay and holds cannabis that are medical licenses in Colombia.

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In accordance with Aurora, it acquired ICC laboratories for approximately C$295 million or C$1.95 per share

Cannabis in Uruguay

Uruguay may be the country that is only south usa that features completely legalized cannabis. In cbd oilworld site reality, with then-President Jose Mujica signing the legislation to legalize leisure cannabis in 2013, Uruguay became the very first country in our contemporary world to legalize the medication for both medical and leisure purposes.

In 2014, the national country permitted residents to cultivate as much as six cannabis flowers at house.