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Day: January 2, 2020

Isracann Enters MOU for European Distribution

Written by admin on . Posted in Public Companies.

VANCOUVER, British Columbia, Jan. 02, 2020 (GLOBE NEWSWIRE) — Isracann Biosciences Inc.  (CSE: IPOT) (XFRA: A2PT0E) (OTC: ISCNF) (the “Company”) an Israel-based business focused on becoming a premier low cost, high quality cannabis producer for both domestic and European export sales is pleased to announce entry into a Memorandum of Understanding (“MOU”) towards a distribution agreement serving key legalized European cannabis markets.Due to commercial practicalities, the currently unnamed distributor has provisionally agreed to enter an understanding with Isracann towards a strategic export and processing opportunity as part of a pending definitive agreement. The agreement in principal proposes a non-binding option on dried flower product subject to Israeli export laws and defined by minimum quantity,...

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