Village Farms International recently announced that the company will be spreading their medical cannabis distribution to New Zealand.
Image | adobe.stock/Fernando
In a recent press release (1), Village Farms International, Inc. (Village Farms), disclosed that the company would be expanding their medical cannabis distribution to New Zealand. The company has sent out their first shipment to New Zealand from their “wholly-owned subsidiary”, Pure Sunfarms. This shipment consists of Pink Kush which has been a top selling dried flower strain in Canada over the last four years (1,2).
To distribute the contents of the shipment containing Pink Kush and other strains from their portfolio, will be handled by Medleaf Therapeutics, under their “Bloom” brand. Medleaf Therapeautics is a medical cannabis company with a vast distribution network in the country (1). According to Grand View Research, New Zealand’s cannabis market is anticipated to grow at a compound annual growth rate of 58% by 2030 (3).
Michael DeGiglio, Chief Executive Officer of Village Farms said (1), “Pink Kush is a major contributor to the continuing success of Village Farms’ Canadian Cannabis business and is being sought out internationally as we continue expanding our presence in strategic markets around the world. We are proud to export Pure Sunfarms’ leading cannabis products to growing international medical markets, and to announce this partnership with Medleaf. The addition of New Zealand to our international portfolio represents another meaningful step forward in our strategy to continue to grow our international cannabis business.”
Courtney Letica, Chief Executive Officer of Medleaf, expressed (1), “We are excited to bring Canada’s number one cannabis product to New Zealand patients. Pure Sunfarms’ renowned Pink Kush has an amazing track record, and we are eager to share this offering.”
References
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