TORONTO – Additional to its information releases dated March 26, April 4, and July 2, 2019, Blueberries Medical Corp. (CSE: BBM) (OTC: BBRRF) (FRA: 1OA), a Latin American licensed producer of medicinal hashish and cannabis-derived merchandise is happy to announce that the Firm has accomplished the acquisition of BBV Labs Inc. (“BBV”), an organization shaped underneath the legal guidelines of the Republic of Panama, pursuant to the beforehand introduced share buy settlement.
With the Buy Settlement Blueberries may have the rights to accumulate hashish cultivation, processing, manufacturing and different rights in Argentina, pursuant to a definitive three way partnership settlement with the Argentinean state-owned firm Hashish Avatara, S.E. (“Cannava”) and BBV. The Joint Enterprise with Cannava permits the Firm to develop and domesticate hashish on a 3.2 million sq. foot (74 acres or 30 hectares) prime agricultural property. Cannava will contribute the land to the Joint Enterprise in addition to all required permits and authorization essential to import seeds, domesticate, develop and harvest hashish, course of hashish and extract hashish oil and different spinoff merchandise for scientific, medicinal and therapeutic functions and to export hashish and spinoff merchandise and import and export associated tools and merchandise.
The Buy Settlement was amended to vary its phrases to mirror the cost of the acquisition worth to be glad by Blueberries issuing 3,000,000 widespread shares within the capital of the Firm to the distributors.
About Blueberries Medical Corp.
Blueberries is a Latin American licensed producer of naturally grown premium high quality hashish with its major operations ideally positioned within the Bogotá Savannah of central Colombia and operations at the moment being established in Argentina. The Firm is led by a specialised workforce with proprietary experience in agriculture, genetics, extraction, medication, pharmacology and advertising and marketing, Blueberries is absolutely licensed for the cultivation, manufacturing, home distribution, and worldwide export of CBD and THC-based medical hashish in Colombia. Blueberries’ mixture of main scientific experience, agricultural benefits and distribution preparations has positioned the Firm to change into a number one worldwide provider of naturally grown, processed, and standardized medicinal-grade hashish oil extracts and associated merchandise.