Fotmer Life Sciences of Uruguay has exported another large shipment of medical cannabis to Portugal last month.
The shipment totaled almost 1.5 metric tons (3,307 pounds), according to Uruguayan customs documents viewed by Marijuana Business Daily.
The May shipment involved 1,421 kilograms (3,133 pounds) of high-THC flower, which exceeds the 1,000-kilogram shipment by Fotmer in 2019 that is believed to have been the largest high-THC flower ever exported in a single shipment.
The declared customs value of the latest shipment was about $2 per gram, including costs, insurance and freight, according to the Uruguayan customs documents dated May 19, 2020.
Fotmer CEO Jordan Lewis told MJBizDaily the company produces in facilities certified with Good Agricultural and Collection Practice (GACP) and Uruguayan-GMP certification and that the firm has the “near-term goal of achieving EU-GMP certification.”
“As has been demonstrated by Fotmer as well as other companies, the pathway for GACP product as an input into an EU-GMP supply chain is both viable and cost-effective,” he said.
“We are OK with the large public companies competing at the point of sale through branding initiatives while we provide private label and contract cultivation solutions to those myriad competitors,” Lewis said.
The European buyer has not been revealed.