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Finance Colombia - Feb 03, 2016

Privately held PharmaCielo Ltd. today announced that its Rionegro, Colombia based subsidiary, PharmaCielo Colombia Holdings S.A.S. has submitted its formal application to Minsalud, Colombia’s Ministry of Health, and the Consejo Nacional de Estupefacientes (National Drugs Council) to become a licensed marijuana grower and processor of medicinal-grade cannabis oil extracts, with plans to file an additional license application for export in the near future.