22:20:39 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Ikanik Farms Inc
Symbol IKNK
Shares Issued 93,526,876
Close 2021-04-14 U$ 1.24
Market Cap U$ 115,973,326
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Ikanik unit completes deal for cannabis certification

2021-04-15 13:09 ET - News Release

Mr. Brian Baca reports

IKANIK FARMS COMPLETES COOPERATIVE AGREEMENT WITH SGS COLOMBIA SAS, DEVELOPING INTERNATIONAL CANNABIS CERTIFICATION

Pideka SAS, a wholly owned subsidiary of Ikanik Farms Inc., has successfully completed its co-operative agreement with SGS Colombia SAS to design, initiate, develop and implement a normative standard for the international certification of medicinal cannabis. This certification works to establish a new baseline standard for the quality and safety of pharmaceutical grade cannabis products known as the GPTCP, or good production transformation and commercialization practices cannabis pharma.

"Completing this collaborative certificate with SGS Colombia is a milestone achievement and a reflection of the company's dedication to best-in-class quality for the cannabis industry," said Brian Baca, chief executive officer of Ikanik Farms.

About the GPTCP certification

The GPTCP certificate ensures the company maintains international standards and differentiates itself by adhering to a global benchmark standard of quality for the production cannabis.

With the collaborative development of the SGS certified seal of self-regulation and sustainability, industry best practices are promoted and foster a competitive approach to quality, through best in class and standardized processes across the industry, providing end consumers with product confidence.

The GPTCP encompasses facets of the requirements under various standards such as the BPA, BPM, INVIMA, ICA, ISO 9001, SG-SST and EUGMP at both the national (Colombian) and international levels.

The quality certification and delivery of high-calibre products is one of the company's key objectives, supported through operating certifications obtained for its operations, including GACP, GMP FARMA, ISO-9001 and EUGMP.

About Ikanik Farms Inc.

Ikanik Farms is a California-based, multinational operator which is building a dynamic portfolio of brands, inspired by its passion for health and wellness, action sports, and supported by its vertically integrated retail, distribution and cultivation in California and its medical-grade cultivation and laboratory in Colombia. The company's leadership brings decades of expertise in research and development, cultivation, retail, branding, and corporate finance. Ikanik Farms' operation in Colombia, through its pharma division Pideka, holds both GMP-PHARMA and good agricultural and collection practice certifications for its Casa Flores operating facility.

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