Long-standing allegations have surrounded the company for decades. In a U.S. court settlement in 2007, Chiquita paid a $25 million USD fine and admitted it had paid protection money to paramilitary groups.
"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.
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.