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The net proceeds will advance the Guayabales Project at its site near Supía, Caldas, Colombia,

PharmaCielo grows and produces cannabis products for export from its agricultural facilities in Rionegro, Antioquia, just outside of Medellín, Colombia. The company lists on the Canadian TSX Venture and over-the-counter exchanges as TSXV: PCLO & OTCQX: PCLOF.

This morning, international mining companies Continental Gold of Toronto, Canada (TSX:CNL; OTCQX:CGOOF) and Zijin Mining Group Co. of Fujian China (SSE:601899; SEHK:2899)  have announced that Zijin is to acquire all outstanding shares of Continental at a price of $5.50 Canadian...

The Canadian company with its main operations in Colombia sold more than 14.3 million common shares for $0.90 per share to raise the funding.