Creso Pharma's wholly-owned Canadian subsidiary Mernova Medicinal has progressed several initiatives to enter Canada's medicinal cannabis market.
The major highlight includes being appointed as maiden distributor of medicinal cannabis products in Canada by JMF Growers, which is focused on the production, distribution, and online sale of medicinal cannabis products to patients across the country.
Established in 2021, JMF provides a range of medicinal cannabis products from Canada's approved producers to patients. Mernova will initially stock some of its Ritual Green strains with JMF, which will be sold to patients on consignment. There is scope to broaden the stock line, should the partnership bear fruit.
"This is a positive development for Mernova and Creso as it gives them another point of entry into the Canadian medicinal cannabis industry, which had a value of US$444 million in 2021."
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