Pot producer from Kelowna Allied Corp. (OTCQB: ALID) has successfully shipped its Colombian-grown cannabis to a partner in Switzerland.
On Thursday, the Kelowna-based pot producer with main operations in Colombia shipped 1,728 kilograms of cannabis to a partner in Switzerland.
The export license totals 7,100 kilograms of cannabis and after the first batch, further batches of 1,500 kilograms will follow until the total amount of the export license is reached.
Colombia began allowing commercial exports of cannabis last April, and after overcoming many regulatory inspections, analysis, and discussions, the company was able to ship its first export from Colombia in June, the second in July, and the third on Thursday.
Allied’s strains include over 15,000 THC plants developed for various batches and available for sale around September.
Shares of the company rose 7.29 percent to $0.52 on the OTC exchange on Thursday.
Read more: Allied Corp. finalizes distribution agreement with Brazilian medical device distributor
Read more: Allied Corp. begins exporting dried flowers grown in Colombia to Australia and the United States
“We’re the first company ever to ship a commercial shipment of dried cannabis to an international market – now we’re not only duplicating our shipments, we’re doing it on a commercial scale,” said CEO Calum Hughes.
“This is the largest known legal shipment from Colombia. This performance speaks for the quality of our team and above all for our product.”
The company recently signed a $147,000 purchase agreement for its products, which will go each month to an unnamed Brazilian distributor that supplies medical supplies to the Israelita Albert Einstein Hospital in São Paulo.