Canada’s Aurora Cannabis buys Mexico’s Farmacias Magistrales
Farmacias Magistrales is a Mexican importer of raw materials containing THC, the active ingredient in marijuana
MEXICO CITY – Aurora Cannabis Inc. of Edmonton, Alberta, says it has signed a letter of intent to acquire all outstanding shares of Mexico’s Farmacias Magistrales SA.
Farmacias Magistrales is a Mexican importer of raw materials containing THC, the active ingredient in marijuana. It will distribute medical cannabis products containing over 1 per cent THC, apparently through health care professionals.
The Farmacias web page is still under construction, but Aurora of Edmonton said in a press statement Monday that the company is Mexico’s first and only federally licensed importer of THC products.
In 2017, Mexico approved the use of marijuana for medicinal purposes. The previous year, the Mexican government began granting permits letting some patients import medicinal marijuana products.