PharmaCielo (TSE:PCLO) has released an update.
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PharmaCielo, a leading cultivator and producer of cannabis extracts, has announced an anticipated reinstatement for trading on the TSX Venture Exchange following a successful resolution of previous regulatory issues. The company has also been progressing with its efficiency program, reducing its monthly cash burn rate, and is finalizing a private placement to boost its finances. Additionally, PharmaCielo is extending its international footprint with an impending acquisition of Siam Ventures Corporation in Thailand.
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