By The Canadian Press
LEAMINGTON, Ont. — Aphria Inc. says it’s preparing to expand its cannabis business into South America and Jamaica by acquiring a subsidiary of Scythian Biosciences Inc. for an undisclosed price.
The Ontario-based company says it will establish a presence in Colombia and several other countries by acquiring several companies through the purchase of Scythian’s LATAM Holdings Inc.
Aphria’s Colombian operation will be anchored by Colcanna SAS, which has licences to cultivate and manufacture medicinal extracts from cannabis, including oil, for domestic use and export.
Aphria is also acquiring ABP SA, which distributes to an extensive network of pharmacies, distributors, government clinics and hospitals throughout Argentina. It also has a licence to import cannabidiol oil.
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