Aphria Secures Two Year, 3,000 Kilogram Cannabis Supply Agreement

Aphria Inc (TSX: APHA) (NASDAQ: APHA) this morning announced that it has secured a strategic supply agreement with that of Canndoc, a subsidiary of one of Israel’s largest cannabis producers, Intercure. The agreement, for an initial term of two years, will see Aphria begin to ship product to Israel, one of the world’s largest importers of medical grade cannabis.

Under the terms of the arrangement, Aphria will ship dried a total of 3,000 kilograms of dried bulk cannabis to Canndoc over the two year term. Pricing for the arrangement was not provided. The contract contains two optional two-year extensions, followed by a final one year extension. Each extension is believed to be for a further 3,000 kilograms of dried cannabis.

Cannabis purchased under the supply arrangement by Canndoc will be co-branded under both Aphria’s and Canndoc’s label, and is to be sold exclusively in the Israeli market. The arrangement is also said to “include the possibility of Aphria and Canndoc collaborating on research initiatives.” Such initiatives would include items such as clinical trials in Israel. The two will also “explore” collaboration in the European market, potentially.

Aphria Inc last traded at $4.81 on the Nasdaq.


Information for this briefing was found via Sedar and Aphria Inc. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Steadright To Conduct Multi-Phased Exploration At Historic Goundafa Polymetallic Mine

Goliath Resources Drills 10.72 g/t Gold Over 7.83 Metres At Surebet

Related News

Aphria Posts Revenues of $126.11 Million for First Quarter 2020

Aphria Inc (TSX: APHA) (NYSE: APHA) announced this morning revenues of $126.11 million, a decline...

Tuesday, October 15, 2019, 08:28:58 AM

Aurora Cannabis, Aphria Said To Have Walked From Potential Merger Over Executive Compensation

It’s been reported by BNN Bloomberg that Aphria Inc (TSX: APHA) (NASDAQ: APHA) and Aurora...

Tuesday, July 14, 2020, 04:23:23 PM

Aphria Second Quarter Revenues Decline 4%, Slashes Guidance

Aphria Inc (TSX: APHA) (NYSE: APHA) posted its second quarter fiscal 2020 financial results this...

Tuesday, January 14, 2020, 07:25:46 AM

Aphria To Merge With US-Based SweetWater Brewing In US$300 Million Transaction

Aphria Inc (TSX: APHA) (NASDAQ: APHA) this evening announced that it has entered into an...

Wednesday, November 4, 2020, 04:52:47 PM

The Reality of Aphria’s 2020 $1 Billion Canadian Cannabis Sales Run Rate Guidance

This morning, Aphria Inc (TSX: APHA) (NYSE: APHA) reaffirmed on its conference call that the...

Tuesday, October 15, 2019, 08:18:42 PM