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The Ernesto Illy International Coffee Award winner will be announced during a ceremony at the world-famous Rockefeller Center on October 4.

The Toronto-based company, which has its main operations in Colombia, is trading under the ticker symbol KHRNF.

"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.

The new plants are a THC-dominant variety, which trigger a psychoactive response, whereas the earlier crop were cannabidiol, or CBD, dominant.

Khiron CEO Alvaro Torres says adding Fox to the board of directors “significantly expands our scope of influence and relationships within the Latin American market.”

Colombia is now the first Latin American nation to join the Cocoa and Forest Initiative, a global program formed in 2017 to curb deforestation in sector.

The embassy is working to better understand the agricultural conditions in the coastal region of Sierra Nevada de Santa Marta.

The barista competition and World of Coffee trade show will take place from June 21-23 in the Netherlands.

Despite the annual production setback, the macro story for Colombian coffee production remains positive. “In the last decade, yields have increased nearly 30%."

The Latin American Agribusiness Development Corporation will finance ventures in Colombia, Chile, Costa Rica, the Dominican Republic, Guatemala, Nicaragua, and Peru.