NatuEra receives government permissions for the development of activities with psychoactive Cannabis

NatuEra receives government permissions for the development of activities with psychoactive Cannabis

05 November 2020.

During the third quarter of 2020, NatuEra continued to achieve significant operational milestones.

In Q3, NatuEra’s wholly owned U.S. subsidiary was granted the applicable hemp permit by the Florida Department of Agriculture and Consumer Services, and continued to successfully complete imports of hemp-derived CBD distillate to the United States for business development and R&D purposes.

Moreover, NatuEra’s wholly-owned subsidiary in Colombia was awarded four quotas by the Colombian government for psychoactive cannabis R&D production: (i) one cultivation quota to conduct field trials and characterize cultivars; (ii) one cultivation quota to conduct R&D related to the manufacture of derivatives; and (iii) two R&D manufacturing quotas to analyze and characterize THC.

As a producer of essential products and having implemented a comprehensive biosecurity protocol in compliance with applicable regulations, NatuEra has remained operational throughout Covid-19 pandemic.

https://ir.thecronosgroup.com/news-releases/news-release-details/cronos-group-reports-2020-third-quarter-results