Xebra Brands has entered into a supply agreement with ICAN Green to supply CBD isolate for use in the manufacturing of legal CBD products in Mexico.
Under the terms of the agreement, ICAN will be the exclusive supplier of CBD to Desart MX for a period of two years, with the possibility of automatic annual renewal. This collaboration marks a significant milestone for both companies and underscores their commitment to partnering with the Desart MX, a division of Xebra Brands Ltd., the only corporation in Mexico federally approved by the COFEPRIS (Mexican FDA) to import and acquire cannabis seeds, cultivate and harvest cannabis, process and produce cannabis, and sell cannabis products with less than 1% THC, both domestically and through export.
Erick Ponce, CEO & Legal Representative of ICAN and Director of Xebra Brands Ltd., expressed his enthusiasm about the partnership, stating, "We are thrilled to be partnering with Desart MX to supply them with our premium CBD. This agreement exemplifies our commitment to Xebra and our desire to continue forward in growing the legal CBD products market in Mexico, and we look forward to supporting Desart MX in their endeavours."
Rodrigo Gallardo, Interim CEO of Xebra & Desart MX, also commented on the collaboration, saying, "We are excited to join forces with ICAN as this is an incredibly important step towards commercialization of the first 100% legal and 100% Mexican-made CBD products. The immediate access to CBD through ICAN and the supply agreement allows Xebra to manufacture products domestically in Mexico without the need to harvest and extract our own CBD, which would add considerable time to the commercial process. This once again demonstrates XEBRA's ability to execute on its commercial pathway."
For more information:
Xebra Brands
www.xebrabrands.com