Hexo Corp (TSX: HEXO) (NYSE: HEXO) has gone international in a bid to offload some of its product. The company announced this morning that it has established a supply agreement with that of Breath of Life International for the distribution of its product in Israel.
Under the terms of the supply arrangement, Hexo will supply Breath of Life with medical cannabis products for a period of 24 months. Minimal details were provided on the arrangement, with no mention of quantities to be supplied under the arrangement, or pricing of products. In terms of Breath of Life, the only detail mentioned is that it has an established distribution network of pharmacies, including the leading pharmacy retailer in the country whom alone has 258 locations.
The company has already shipped 493 kilograms of product under the supply arrangement, which is in the form of a 10 gram package designed for the Israeli market.
Hexo Corp last traded at $0.69 on the NYSE.
Information for this briefing was found via Sedar and Hexo Corp. 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.
