Organigram Holdings Inc. (
TSX.OGI) is the most recent Canadian cannabis company to make a deal with an Israeli firm.
The Moncton, N.B.-based pot producer said Tuesday it has
entered into a seven-year agreement to supply Israeli cannabis leader Canndoc with up to 6,000 kilograms of dried flower in a multi-year strategic agreement -- Organigram’s largest international deal to date.
OGI announced in a statement that the actual value of the deal will vary depending on factors such as potency and the product mix supplied to Canndoc. Jefferies analyst Owen Bennett said in a release the deal gives Organigram valuable international exposure without incurring any significant spending.
The deal simultaneously builds a relationship with a potentially-material global cannabis partner.
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