TORONTO, Jan. 23, 2018 /CNW/ - Nuuvera Inc. ("Nuuvera") (TSXV:NUU), is pleased to announce that ARA-Avanti Rx Analytics Inc. ("Avanti"), a 51% owned subsidiary of Nuuvera, has entered into a Sale Agreement (the "Agreement") with Tersum S.A. ("Tersum"), an Uruguayan licensed producer of cannabis derivatives that is a wholly-owned subsidiary of ICC Labs Inc. (TSXV:ICC).
According to the Agreement, Avanti will purchase 150 kg of 99% pure CBD from Tersum in 2018. All CBD will be manufactured in Tersum's GMP-certified laboratory in Uruguay and subject to rigorous standards throughout the storage, packaging and shipping process. The Agreement is subject to the approval of the TSX Venture Exchange.
"Importing this product through Avanti, a Licensed Dealer in Canada, reinforces our position as a global supplier of premium cannabis to Canadians," said Lorne Abony, CEO of Nuuvera. "All imported CBD will be tested to ensure that it meets the highest standards of purity and quality," he continued.
Alejandro Antalich, CEO of ICC Labs Inc., is equally pleased to have entered into this important relationship. "Nuuvera understands the importance of identifying global partners to ensure reliable, quality cannabis products are available to consumers," said Mr. Antalich. "Canada is leading the world in making cannabis accessible while ensuring the highest quality standards, and Nuuvera stands out as an exceptional company in the global market."