Aurora Cannabis expanded its market in Mexico
This is a major turning point for their business development in Latin America / Ph. Pinterest
Dominate the monopoly in the lucrative market
The company also has a license to produce cannabinoids for other purposes, including CBD for a range of cosmetic and personal care products. The company also has a license to produce cannabinoids for other purposes, including CBD for a range of cosmetic and personal care products.
Farmacias is the first and only licensed importer of THC-containing raw materials in Mexico, obtained the necessary licenses for processing facilities as well as allowing the import of raw THC materials for production and storage for medical marijuana products.
The executives in Aurora Cannabis believe that this is a major turning point for their business development in Latin America, because Mexico is such a leading market, both in population size and economy. Famacias owns and operates a 12,000 square foot facility in Mexico City to produce a wide range of pharmaceutical and cosmetic products.
Cosmetic products focus on anti-aging creams, hair growth products, and pigmentation creams, while kidney medicines, blood diseases, and anesthetics, nutritional products are protein powder and vitamins. Farmacias has developed a strong distribution network for CBD products with about 80,000 points of sale across Mexico, as well as 500 pharmacies.
The acquisition will not only serve to increase Auroras footprint in Latin America but also praise its footprint of existing CBD production in both Colombia and Uruguay.
Terry Booth, CEO of Aurora said: "Farmacias has a large distribution network of both retail outlets and pharmacies, which will enable us to quickly scale up our operations across Mexico. Integrating Farmacias with our operations in Canada and Latin America will not only accelerate growth, it will build substantial long-term shareholder value."
Keep up to date on this occasion for more details.
Aurora Cannabis expanded its market in Mexico
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