Creso Pharma secures distribution agreement for hemp-derived therapeutic products in Pakistan, the Philippines and other new markets
The target markets include Cambodia, Afghanistan, Azerbaijan, Bangladesh, Georgia, the Maldives, Myanmar, Tajikistan, Turkmenistan, Uzbekistan and Vietnam, which takes the potential addressable market to 750 million. The agreement contemplates combined minimum order quantities for the first contractual year of up to CHF1.71 million (A$2.48 million).
Creso Pharma Ltd (ASX:CPH) (FRA:1X8) (OTCMKTS:COPHF) has secured a comprehensive distribution agreement with leading nutritional supplements company, Route2 Pharm Pvt Ltd for its hemp-derived therapeutic products exclusively into Pakistan and Philippines, and non-exclusively into other potential target markets.
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