other material
confidence high
sentiment positive
materiality 0.60
CannaPharmaRX finalizes multi-million dollar supply agreement with Cantek for Israeli cannabis market
CANNAPHARMARX, INC.
- Agreement with Cantek, Israeli medical cannabis distributor, for minimum 1,000 kgs of product annually.
- Initial shipment expected late Q1 2024; all necessary export and import permits secured.
- Direct access to Israel's growing medical cannabis market, bolstered by recent supportive legislation.
- CEO Dean Medwid states the agreement validates pre-sold product strategy for each planting cycle.