Together to grow medical cannabis in EU country

0
149

Israeli company Together (TASE: TGDR) has announced that it has signed a binding Memorandum of Understanding with an entity in an EU country for collaboration on growing, processing and exporting medical cannabis. As part of the collaboration, a new joint venture will strive to obtain licenses for setting up greenhouses and a production facility of about 30,000 square meters. Together continues to hope that the Israeli government will end its foot-dragging an approve exports of medical cannabis. But meanwhile it is diversifying its options having set up greenhouses for growing and processing medical in an Africa country, and now it hopes to do the same in an unnamed EU country. Under the terms of the agreement, a new joint venture will be founded with a partner in the EU country. The partner will provide the operating company with a suitable amount of land for operating its activities in the foreign country, and Together will provide the required knowhow and skills for carrying out the operations. Together to grow medical cannabis in EU country

thumbnail courtesy of globes.co.il

LEAVE A REPLY

Please enter your comment!
Please enter your name here