Charlotte’s Web Holdings, Inc. (“Charlotte’s Web”), the market leader in hemp CBD extract products, announces its wholly-owned subsidiary Charlotte’s Web, Inc. has signed an exclusive distribution agreement (the “Agreement”) in Israel with Israel-based InterCure Ltd. (TASE: INCR), which owns one of Israel’s largest and most established medical cannabis producers, Canndoc Ltd. (“Canndoc”). Canndoc has been a pioneer in pharmaceutical-grade cannabis for more than 13 years. Its GMP-approved medical cannabis products are sold in pharmacies in Israel, and it holds international cultivation and distribution agreements in the European Union. Selected Charlotte’s Web hemp extract wellness products will be available to the Israeli public through Canndoc or another subsidiary of InterCure. Charlotte’s Web and InterCure also are considering future distribution agreements in certain European countries. The two companies will also explore opportunities such as clinical trials, product development, and manufacturing in Israel.
Published Ncv Newswire, New Cannabis Ventures, 12/09/2020 17:00:00