Colombian cannabis producers raise fresh rounds of capital for $18.7 mn

Khiron Life Sciences – a Toronto-based company with its main operations in Colombia – closed a bought deal for $11.1 million. Pharmacielo, also headquartered in Toronto and operating primarily in Colombia, closed a private placement for proceeds of $7.6 million earlier this week. Both companies said they plan to use the added capital for general corporate purposes. Cannabis Eeports from Colombia totaled $4.1 million as of August.

Source: Marijuana Business Daily