Puro NZ signs $16m cannabis export deal
South Island medical cannabis producer will supply UK pharmaceutical services company IPS Pharma.
In the first year of the three-year export deal Puro expects to supply about half its annual production.
Marlborough cannabis grower Puro New Zealand has agreed an export deal with UK-based Vertical Pharma Resources to supply £7 million ($15.8m) of organic medicinal cannabis over the next three years.
A Puro spokesperson said the first year’s order represented half of Puro’s production this year
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