Vertican Growth.Inc announces the acquisition of 100% of the outstanding shares of three companies called Algamur SA, Wemblar Corporation SA, Dukiliu Trade SA based in Uruguay which main objectives are cultivation, extraction and develop of pharmaceutical grade products derived from cannabis.

These three companies will develop and structure in accordance with the regulations of the Uruguayan authorities. (IRCCA: Instituto de Regulación y Control del Cannabis ). All the necessary means for cultivation, medical range conception and distribution are based in Uruguay.

The Company’s subsidiaries were granted licenses in February 2020 both for the cultivation of cannabis and for the extraction of the main compounds (mainly THC and CBD).

Vertican Growth, Inc is launching a vertically integrated project by its sub companies called Algamur S.A, which will grow flowers with high CBD and THC content, Wemblar Corporation S.A, which will follow with the extraction process of the compounds of interest and Dukilu Trade S.A which will develop pharmaceutical products for pharma and cosmetics industry.    

Vertican Growth Inc, Founder Miguel Loinaz commented: “We are happy to be part of a promising sector such as Medical Cannabis and we have full confidence in the advantages that Uruguay brings us as a country in which to base our operations thanks to its political, economic legal stability and strategic geolocation. ”

Vertican Growth Inc, contact:

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Contact name: Miguel Loinaz D´Isabella

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