Day

The loan — which is the first issued by Kennedy Funding to close in Colombia — will be used to purchase 17,000 acres of vacant land in the Sucre capital.

"This acquisition represents a significant milestone for the cannabis industry, being the first in which a major multinational agricultural corporation has taken a position in a joint venture of this nature,” said Avicanna.

Ecopetrol reported 15.8 trillion pesos in earnings, an increase of 37.7% compared to the 11.5 trillion pesos brought in during the first half of 2017.