Flora Growth Corp., and Artos Ltd., recently announced the sale of approximately 3,600 kg of dried high-THC cannabis flower to Israel.
The agreement focuses on the expansion of cannabis sales to the Israeli market, which will include oils, as well as THC and CBD products, according to a Feb. 16 Flora press release.
“As Cosechemos (a cultivation facility) 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,” CEO of Flora Growth, Luis Merchan, said in the release. “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.”
The flower is derived from the company’s Cosechemos cultivation facility, the release stated.
Artos has garnered over $50 million in revenue from the sale of non-cannabis products worldwide, according to the release.
"Artos Ltd., is a privately held, Israel-based consumer products distribution company with a network of over 4,000 distribution points across the country," Artos officials said in the release.
Flora Growth Corp., and Artos Ltd., are waiting for approval to export the flower from the Colombian government, the release stated.