Intercure: A strategic agreement with the largest cannabis company in Uruguay – the capital market


Medical Cannabis Company


Intercure
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Intercure


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It reports that its cannabis activity company – Kandok, has signed a strategic agreement with the international cannabis giant Fotmer Corporation, one of the largest cannabis exporters in the world and the largest cannabis company in Uruguay that sells its products in Europe, Israel and other countries.

According to the report, the companies entered into a strategic and exclusive cooperation for a period of about 7.5 years, in which Kanduk will import from Fotmer about 3 tons of medical cannabis products every year, and will also manufacture and market the products under a common brand in Israel and in accordance with regulatory developments.

Intercure notes that the contract with Fotmer is a significant step for the company, which complements the range of Kendock products as part of the realization of the growth strategy in Israel and around the world. In the Company’s estimation, the agreement is expected to substantially increase the volume of production, revenue and Kandok profits.

Kandok’s collaboration with Fotmer is in addition to other strategic and exclusive collaborations in which the company has contracted with major players in the world including Tilray, Organigram, Aphria and Charlotte’s Web.

Ehud Barak, Chairman of the Board: “The combination of forces enables patients in Israel and around the world to access medical cannabis products at the highest quality level. Kanduk is proud to partner with Fotmer, a world-class leader, led by CEO Jordan Lewis, a pioneer in the U.S. and South American cannabis industry since 2009.”

Jordan Lewis, Fotmer CEO: “Kandok is the leader in the medical cannabis market in Israel, and this groundbreaking collaboration between the two companies will make it possible to provide medical products that are highly needed by patients in the country and in the European Union. We are excited to cooperate with Mr. Barak, as well as with Kanduk’s management team. He is experiencing an exciting change and we look forward to its growth for years to come. ”

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