Oboya Horticulture Industries AB has signed an unconditional framework agreement with Sweden's first cannabis company Aureum Life AB and operates in research, production and sales of medical cannabis. The ambition of the agreement is for Oboya to become a total supplier to Aureum by offering a comprehensive solution for Aureum's future development of cultivation facilities around the world. The framework agreement does not impose any obligation on orders from Aureum and as a first step in the collaboration, a study will be conducted in which Aureum's needs will be analyzed
Aureum and Oboya have discussed a potential collaboration where Aureum uses Oboya as a total supplier for the construction of Aureum's cultivation facilities around the world. In the coming years, Aureum plans to build a number of cultivation plants in the world. The first cultivation plant with a cultivation area of about 6,000 sqm in Greece is planned by Aureum until spring 2020. Subsequently, additional cultivation plants are planned in Zimbabwe and Swaziland (autumn 2020), Uruguay (spring 2021) and any plant in either Denmark, the Netherlands or Portugal. Aureum has shown interest in the Company's product range in hydroponic cultivation as well as cultivation products such as pots, plant lighting, transport trolleys and more.
Aureum and Oboya signed an unconditional framework agreement. The framework agreement imposes no obligation on orders from Aureum and as a first step in the collaboration, a study will be conducted in which Aureum's needs will be analyzed. Through the agreement, the parties intend to develop long-term cooperation for the cultivation of medical cannabis.
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