TEL AVIV, Jan 2 (Reuters) - Israel's InterCure Ltd INCRA.TA mentioned on Thursday its subsidiary Ca
TEL AVIV, Jan 2 (Reuters) – Israel’s InterCure Ltd INCRA.TA mentioned on Thursday its subsidiary Canndoc has signed a strategic cooperation settlement with Tilray Inc TLRY.O for the import and export of medical hashish.
Canndoc has an choice to import 2.5 tonnes of top of the range hashish from Tilray’s services in Portugal, with a primary cargo of 250 kilograms already on its technique to Israel. The hashish will likely be bought as completed merchandise in Israeli pharmacies.
Canndoc mentioned to its data that is the primary medical marijuana imported commercially to Israel.
The Israeli firm may also export as much as 5 tonnes of hashish to be used in merchandise marketed by Tilray, topic to Canndoc’s receipt of an export license. Canndoc will provide about 1.5 tonnes by the tip of the second quarter.
If Canndoc doesn’t obtain regulatory approval by April 1, it has an choice to promote its marijuana to Tilray for advertising in Israel below the Tilray model or below a joint model the 2 firms may…