A recent article in the Green Fund said that: “The global cannabis market is thought to be worth USD$150 billion today (March 15, 2019). Barclays, in their European Consumer Staples Report in September 2018, suggests that this figure could increase to USD$272 billion by 2028.” Every day more articles and new revenue projection are released opining on what has happened and are replete with newer and higher projections. Inside his tsunami of information one common thread becomes obvious. The market will rise in 2019. There will be more product, more revenues, more infrastructure, more projections and more news.

One of the key sub-markets will be the expansion of the cultivation & extraction business operations. As the medicinal markets grow, there needs to be supervision at every level in the growth, cultivation and extraction operations. Many companies will look to Latin America to add these operations to their vertical marketing operations. Why Latin America? Because, the Green Fund says: “… the region is known for almost perfect growing conditions, and when coupled with large amounts of available farming land, very low costs of labor, sunshine that can drive up to two harvests per annum, and the booming home grow culture mentioned above, you have a region primed to potentially become the global leader’s in low-cost cannabis production…” The region boasts exceptional climatic conditions, with lots of sunshine and good rainfall. This coupled with acres and acres of arable land, could make the LATAM region the global leaders in cannabis production.

In addition to the above, the price of labor is exceptionally cheap when compared to it’s European and North American counterparts. Combined, it is estimated that LATAM will be able to produce cannabis – in commercial quantities – for nearly 80% less than the rest of the world. That’s a pretty big advantage.

Relevium Technologies Inc. (TSX-V: RLV) (OTCQB: RLLVF) (Frankfurt: 6BX) active in the Latin Cannabis Markets is issuing breaking news today. Relevium Technologies, a Health and Wellness portfolio company, announced today it is positioning itself as an important player in the Colombian medical cannabis market by cementing medical and research relationships in the country in order to establish clinical validation programs for its Endo Nutraceutical Supplements (ENS) and Oral Nutritional Supplements.

On June 13th, 2019, the Company announced a binding LOI to acquire LifeLine Pharma SAS, a binding agreement to acquire the shares of Lifeline Pharma SAS, a Cali based cultivation and extraction business in the burgeoning agro-pharma market in Colombia. With a much lower cost of production, a robust commercial and legal framework and a culture that is open to Phyto therapeutic medicine, Colombia is quickly becoming a global center of medical cannabis supply and it is forecasted that the Country will be looking to supply as much as 44% of the World’s demand.

“This is a major strategic step in the development of our Phyto therapeutic biopharma business” stated Aurelio Useche, CEO of Relevium Technologies.

The Company’s subsidiary, Biocannabix Health Corporation, is a vertically integrated medical cannabis company with strategic positioning in three major markets: Canada, Latin America and Europe.

The company’s operations in Montreal allows Biocannabix to leverage leading edge scientific and research platforms as well as government incentives in the province of Quebec. The recent acquisition of LifeLine in Colombia allows the company to leverage lower costs of cultivation and processing as well as to manage its own genetics for the production of targeted Phyto therapeutic formulations. Colombia, Canada and Germany combined are central to the clinical validation program for the ENS and ONS products that will be offered in all three markets. Read this and more news for Relevium at: https://www.financialnewsmedia.com/news-rlv/

SOURCE FinancialNewsMedia.com