Canada-based cannabis company and one of the largest international cannabis companies, Aurora Cannabis, delivered around $8 million CAD in cannabis products to Israel on July 15th. The company completed a record-breaking delivery defined as one of the company’s largest shipments to date shipping, “nearly C$8 million.”
Miguel Martin, Aurora Cannabis Inc.’s Chief Executive Officer said, “We are excited about the evolution of the cannabis industry in Israel and commend the Ministry of Health and the Israeli Medical Cannabis Agency for ensuring thoughtful regulation of cannabis, in the best interest of Israeli cannabis patients.”
He further noted, “We look forward to continuing to provide high-quality cannabis to Israel, as part of our strategy to expand our medical cannabis portfolio in key international markets.” Aurora has been supplying the Israel-based cannabis enterprise Cantek Global Ltd. with dried cannabis flower for a few months through a strategic agreement between the two companies. Their partnership, which was announced back in November 2020, requires a minimum of 4,000kg of bulk dried marijuana to be shipped annually to Israel for a total of two years with the option to extend later. Shipments of that size and importance typically utilize humidity packs to ensure freshness.
In a press statement, Martin praised the two companies’ opportunity to broaden their international cannabis brand and make history through this partnership. He said, “It’s about the strength and quality of the Aurora medical brand being validated once again by the world’s medical cannabis markets, including countries like Israel in which we had no distribution prior to today. We consider this Agreement to be a significant step for Aurora, and we look forward to bringing our high-quality medical cannabis products to patients in Israel.”
Cantek Global Ltd. also has partnerships with “prominent drugstore chains, distribution companies,” and “clinics.” It’s clear that this was a profitable business move by both parties.