Canadian cannabis company announced Thursday it has signed a $ 200 million contract with Super Pharm, controlled by Leon Kupler. Under the contract, Kanduk’s products will be distributed in Super Pharm’s over the next three years.
Kendok, owned Intercure, Will start distributing its products today in 41 of Super Pharm’s licensed pharmacies. As part of the deal, Super Pharm will buy 10 tonnes of cannabis products, the total cost of which is about NIS 200 million.
Super Pharm now has 260 branches in Israel – from Kiryat Shmona to Eilat in the south. Many cannabis companies in Israel would like to grab a shelf share in Super Pharm’s safe, where the various cannabis products are stored. Today, under the new reform, the power of selecting cannabis products has passed from the exclusive hands of the Medical Cannabis Unit (YCR) to the customers.
Meanwhile, patients are furious about the rise in prices and are awaiting a High Court ruling on this issue.
Canadian chairman, Ehud BarakPhoto by Ofer and Kenin
Against the signing of the deal, Nitzan Lavi, CEO of Super-Pharm, said in a press release: “We are constantly working to meet demand. I welcome the deal with Kanduk, which will allow us to increase our inventory of GMP-quality medical cannabis products. “
Kanduk has promised that as part of the collaboration, it will provide pharmacists at Super Pharm with the professional and clinical knowledge it has gained over the 12 years it operates in the Israeli market. The current collaboration will allow Kanduk, who has so far imported 250 kilograms of medical cannabis from Tulare to Israel, to soon market cannabis products to the local market.
The market currently holds about 64,000 patients for medical cannabis consumption. Kennedy’s strategic plan, which will probably enter NASDAQ in the back door through merger with Select, is to import up to 2.5 tons of medical cannabis into Israel 46%, valued at $ 9.8 million.
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