Colombian cannabis grower Flora Growth Corp (NASDAQ: FLGC) has entered into an agreement with Israeli company Artos Ltd. to sell 3,600kg of high THC cannabis flower grown in its Cosechemos agricultural facility. Artos is a consumer products distribution company with more than 4,000 points of sale throughout Israel.
According to Flora, the company seeks to establish a partnership with the Artos team to expand their offering of cannabis products for the Israeli market to also include oils and, when regulations permit, finished THC and CBD consumer products. The export of the high-THC product is pending the dried-flower checklist from the Colombian government from the 2021 update to the cannabis law.
“As Cosechemos continues to reach full-scale commercial production, our team remains focused on increasing our presence in international cannabis markets through distribution agreements that will serve as a gateway into the markets,” said Luís Merchan, CEO of Flora Growth. “With Artos’ extensive distribution network, this agreement will ensure that safe, high-quality cannabis products are provided to the Israeli cannabis market and offer a valuable source of health and wellness products to the country.”