- Business
- Blueberries Medical Corp. (CSE: BBM), a Colombia-based licensed producer of medicinal cannabis and plant-derived bioactives founded in 2013 and headquartered in Bogotá, engages in the cultivation, extraction, manufacturing, and distribution of pharmaceutical-grade cannabis derivatives including CBD isolates, THC oils and distillates, premium medical flowers, water-soluble specialties, food-grade extracts, and magistral formulas; alongside functional supplements, wellness products, botanical ingredients, and natural health solutions targeting pharmaceutical, nutraceutical, and consumer markets in Colombia, Peru, and international regions. As a key operating subsidiary within Terraflos Inc., the company leverages advanced extraction technologies and GACP-certified third-party cultivation partnerships to supply standardized active pharmaceutical ingredients for functional foods, supplements, and skincare, while holding comprehensive Colombian licenses for psychoactive and non-psychoactive cannabis production, domestic commercialization, and export through its wholly owned subsidiary Blueberries SAS. Recent developments include regulatory approval in February 2025 for commercial pharmaceutical-grade THC supply, closure of a C$1.06 million CEO-led non-brokered private placement in March 2025 to fund operational expansion and working capital, advancement of technical validations with pharmaceutical clients and preparations to resume exports to Peru, strategic diversification into food tech and biotechnology-based products beyond core cannabis operations, and a shift to an asset-light model emphasizing recurring high-margin derivative sales.