Canopy Growth Corporation (NYSE: CGC) announced on August 9th that the company has acquired all of the remaining and outstanding shares of Spectrum Cannabis SpA (Spectrum Cannabis Chile). The company has now fully acquired Spectrum Cannabis Chile and will continue with their plans to further expand within Latin American markets.

Canopy Growth begins the expansion in the Latin American country with the most clinical studies per resident. Chile is widely known as an ideal location to conduct medical and pharmaceutical research due to the country’s progressive regulations and government support.