- Business
- Asia Green Biotechnology Corp. operates as an early-stage international biotechnology firm, concentrating on the advancement, assessment, testing, deployment, and provision of products derived from its specialized organic hybridization processes, primarily across Asian territories. The enterprise centers its efforts on cultivating, nurturing, and harvesting novel and valuable varieties of hemp and associated plants in significant commercial quantities. Through strategic agreements with entities like Pathway Rx Inc. and Swysh Inc., the company has been involved in the clinical development and potential commercialization of cannabis sativa strains aimed at preventing and treating various infectious diseases, including COVID-19, and exploring cannabinoid-based topical treatments. Founded in 2017, the company, formerly known as Asia Cannabis Corp. before its renaming in April 2020, is headquartered in Calgary, Canada. In recent developments, the company terminated a previously announced letter of intent in August 2024 for an acquisition, citing regulatory and market challenges. Furthermore, a Management Cease Trade Order was issued in May 2024 by the Alberta Securities Commission due to delays in filing required financial documentation.