Investors eye Uruguay as medical cannabis export hub

Investors eye Uruguay as medical cannabis export hub

Very nearly six years after Uruguay fully legalized cannabis, investors are eyeing the South nation that is american an export hub for medical cooking pot.

Silverpeak Life Sciences Uruguay is in talks with investment bankers to raise $35 million to be able to increase production fourfold this year. Silverpeak, that will be among the country’s largest medical cannabis businesses, additionally intends to build a more substantial extraction laboratory in 2020.

In accordance with Silverpeak Life Sciences CEO and U.S. cannabis investor Jordan Lewis, their desired and planned expansion involves about 25 tons next 12 months. Continue reading “Investors eye Uruguay as medical cannabis export hub”