NICI Quick Take
Founded in 2018, Varianz is a fully-licensed medical cannabis oil and derivatives company that is located in Colombia. Cultivation operations are based on a little over 2 million square feet of land. It utilizes CO2 and Ethanol technology to produce cannabis oil from the cultivation yield under Good Manufacturing Practice and Good Distribution Practices standards. The deadline for its business combination agreement with Savanna Capital Corp. is January 22, 2020, upon which it will be terminated.