Creso Pharma just signed a 3-year deal with TerrAscend Canada to supply the company with 100 KG of cannabis every month.
As reported in the Australian publication SmallCaps:
The company today announced the signing of a three-year agreement to supply a minimum of 100kg of cannabis flower per month to TerrAscend Canada.
The deal follows Canada’s federal legalisation of cannabis in October 2018 and the recent completion of Creso’s greenfield cultivation facility in Nova Scotia.
It also trails after Creso’s announcements earlier this month of a strategic collaboration in Sri Lanka and the expansion of a distribution agreement in New Zealand.
Creso chief operating officer John Griese said Creso was “ticking off each step in its strategic plan and quietly building a diverse global enterprise”.
“Few cannabis companies are currently commercial in countries across Europe and even less have established proprietary branded products such as Creso’s CBD-based Nutraceuticals cannaQIX and anibidiol in human and animal health,” he said.
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