TORONTO, Canada (January 23, 2017) — Echelon Wealth Partners Inc. (Echelon) announces it has been retained to provide equity financing advisory services to PharmaCielo Ltd.
PharmaCielo Ltd. is a Toronto-based global company founded in 2014, with a focus on processing and supplying all natural, medicinal-grade cannabis oil extracts and related products to large channel distributors internationally. A wholly owned subsidiary, PharmaCielo Colombia Holdings S.A.S., is headquartered at the company’s Nursery and Propagation Centre in Rionegro, Colombia, a well-established centre for cut-flower-growing, supplying the global market.
In 2016 PharmaCielo Colombia Holdings S.A.S. became the first company to receive a license from the Colombian government to manufacture cannabis oil extracts. It is currently awaiting the second stage of the Colombian government’s licensing protocol for cannabis cultivation.
Pending government approval, PharmaCielo plans to begin marijuana propagation and processing into medicinal-grade cannabis oil extracts for wholesale export. The company’s location in Colombia offers long-term business sustainability due to a low-cost business jurisdiction, exceptional climate and natural 12-hour-sunlight cultivation environment.
“Echelon Wealth Partners is proud to be advising an outstandingly promising Canadian company such as PharmaCielo on financing of its corporate growth plan,” said Rob Furse, President of Echelon. “Our firm has particular expertise in the medical cannabis space. We have a dedicated research analyst covering the sector and a banking team with a solid track record in providing advice to medical cannabis companies.”
“PharmaCielo has a solid business plan and an executive team and board of directors of exceptional expertise and international experience with a commitment to the highest level of governance,” said Patricio Stocker, President and CEO of PharmaCielo Ltd. “We chose Echelon Wealth Partners for its client-focused, innovative, entrepreneurial approach. We look forward to continuing to build the financial foundation of our company in partnership with Echelon.”
About Echelon Wealth Partners
Echelon Wealth Partners Inc. is a Canadian independent wealth management and capital markets firm known for its client-centred approach and innovative, entrepreneurial spirit. The company has approximately 100 investment advisors and portfolio managers with approximately $4 billion in assets under administration and management. Echelon offers a wide range of financial services for individuals, households, institutions and corporate clients from its offices in Toronto, Oakville, Ottawa, London, Montreal, Saskatoon, Calgary, Vancouver, Victoria and Tokyo. Echelon Wealth Partners is a member firm of the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF). www.echelonpartners.com
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