GoldCann Announces Acquisition of Land in Mexico for Cannabis Extraction and Production Facility
1.2 min readPublished On: June 24th, 2021By News Team
TORONTO–Goldcann International Inc., a Canadian corporation headquartered in Toronto, Ontario, is announcing the acquisition by its Mexican subsidiary, Goldcann S.A. de C.V., of 14,000 square meters of land near Mazatlan, on the Pacific coast of Mexico. The company is also announcing today its intention to manufacture cannabidiol (CBD) oil and other health and wellness products for the Mexican retail market.
The fully-serviced property is intended to house a 40,000 sq. ft. extraction, processing and packaging facility to manufacture cannabis products under its Aztecann™ brand. The project will support the local economy through the creation of employment opportunities and new tax revenue. Construction is expected to begin shortly after Goldcann is awarded a license under the soon-to-be-announced new cannabis legislation, now expected to be signed into law in late September or early October.
“After nearly two years of government and legislative review and debate, our company is well-positioned to meet the challenges of competing in this emerging market. We intend to build a ‘Made in Mexico’ operation from beginning to end,” said Roderick MacDonald, President and CEO of Goldcann. “Goldcann is a Canadian-Mexican company that is making a significant investment in the area of Mazatlan. We have been working closely together with our Mexican partners over the last two years and have consulted with many levels of government and officials who have expressed their support for this venture.”
Newsteam at Highly Capitalized are some of the most experienced writers in cannabis and psychedelics business & finance. We cover capital markets, finance, branding, marketing and everything important in between. Most of all, we follow the money.
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