You are here
Home 🌿 Marijuana Business News 🌿 International Goldfields completes Winter Garden due diligence 🌿International Goldfields completes Winter Garden due diligence
Warning message
The subscription service is currently unavailable. Please try again later.International Goldfields (ASX:IGS) has hit a key milestone, completing due diligence for the acquisition of an 85% interest in Uruguay cannabis biosciences company Winter Garden Biosciences.
The company will now finalise formal documentation associated with the transaction before seeking shareholder approval and issuing a prospectus to raise funds.
Uruguay is the first nation in the world to fully legalise at the federal regulatory level the research & development, as well as cultivation, distribution, sale and consumption of non-synthetic cannabinoids and hemp.
Earlier this month, Winter Garden was awarded a range of key permits, licences and authorisations from the Uruguayan government.
It also took delivery of its first 1,000 kilograms of seed and commenced planting of its maiden crop and preparation for control work in greenhouses.
David Tasker, International Goldfields director, commented:
“We are pleased, following a very detailed legal, accounting and...
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