Nuuvera (TSXV:NUU) signed an offtake agreement with Verve Dynamics Incorporated, a licensed cannabis grower in the Kingdom of Lesotho.
As quoted in the press release:
Verve holds a license to grow and produce cannabis products in the Kingdom of Lesotho, the first African nation to regulate the cultivation and production of cannabis products. Under the Agreement, Nuuvera will have access to approximately 3,000 kg of purified GMP THC and CBD extract per year, with the ability to increase that amount, should global demand warrant.
“The offtake agreement with Verve is very exciting,” said Lorne Abony, CEO of Nuuvera. “Nuuvera will be the first Canadian company to have access to high quality, low cost cannabis produced in the African continent.”