You are here
Home 🌿 Cannabis Technology News 🌿 International Goldfields jettisons mining for Uruguay cannabis 🌿International Goldfields jettisons mining for Uruguay cannabis
International Goldfields (ASX:IGS) is firmly on the road to gaining a dominant position in the legal cannabis market of Uruguay with a binding agreement to acquire an 85% interest in local Winter Garden Biosciences.
Uruguay recently became the first nation in the world to fully legalise under its federal regulatory system the research & development, as well as cultivation, distribution, sale and consumption of non-synthetic cannabinoids and hemp.
IGS will transform from a miner to a cannabis supplier with a reverse takeover by Winter Garden completed within seven weeks upon receipt of all approvals.
Winter Garden, a private biosciences and pharmaceutical company in Uruguay is the subject of a binding heads of agreement with IGS.
By producing “hemp” rather than “marijuana”, Winter Garden will look to produce a high volume of Cannabidiol (CBD) rich extracts which are in high demand in legal marijuana markets given...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin