Austin, Texas and Toronto, Ontario and Rionegro, Colombia–(Newsfile Corp. – January 4, 2024) – Benuvia Operations, LLC (“Benuvia”), a FDA registered, DEA licensed and cGMP certified leader in pharmaceutical cannabinoids, and PharmaCielo Ltd. (TSXV: PCLO) (OTCQX: PCLOF) (“PharmaCielo”), the Canadian parent of Colombia’s premier cultivator, producer and global supplier of dried flower and medicinal-grade cannabis extracts, PharmaCielo Colombia Holdings S.A.S. (“Holdings”), are thrilled to announce a strategic partnership to produce cGMP pharmaceutical-grade Active Pharmaceutical Ingredients (“APIs”) for the global market, including Brazil, Australia, Europe and U.S.A. (the “Strategic Partnership”).
As part of the Strategic Partnership, PharmaCielo will be responsible for the cultivation of cannabis and hemp under Good Agricultural and Collection Practice (“GACP”) conditions in Colombia, and Benuvia will leverage its FDA registered, and DEA licensed (schedules I-V) cGMP development manufacturing facility in Austin, Texas, to produce final products. To both companies’ knowledge, this is an industry-first partnership to provide Seed-to-Pharma products globally where cGMP and its European equivalent EU-GMP certification are must haves. This model will emphasize quality and compliance as well as sustainable and ethical sourcing and represents a significant improvement in controlling quality throughout the entire supply chain.
The partnership extends beyond mere manufacturing; it encompasses a shared vision to explore and offer the market innovative finished dose form services. This initiative will focus on producing cGMP and EU-GMP compliant pharmaceutical products, a step forward in meeting the growing global demand for high-quality, reliable medicinal cannabis products, produced under strict standards.
Management Commentary
“Our collaboration with PharmaCielo represents a significant milestone in our commitment to excellence in pharmaceutical development,” said Darwin Richardson, CEO of Benuvia. “This partnership aligns perfectly with our mission to deliver superior quality products while adhering to the highest manufacturing standards and allows Benuvia to provide our customers with more sourcing options beyond synthetic APIs. With these additional capabilities, Benuvia and PharmaCielo customers can develop drug product formulations for their APIs for both clinical and commercial purposes.”
