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CannaPharmaRx Receives Multiple Purchase Orders and Begins Delivery of Product

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CannaPharmaRx (OTC PINK:CPMD) has received three purchase orders for a total of 600KG of cannabis from Cantek Holdings, an Israeli leader in medical cannabis processing and distribution. The company has begun delivering product, with the first 150KG shipment already sold out in Israel. CannaPharmaRx's Cremona facility produces over 1000 KG of high-quality cannabis quarterly, with regular harvests of about 100KG every two to three weeks.

The company has completed fifteen grows and is preparing additional inventory for shipment. Future orders are expected once or twice monthly. CannaPharmaRx plans to expand its market reach to Europe and Latin America in Q4 2024, capitalizing on its recent successes and strategic positioning in major global cannabis markets.

CannaPharmaRx (OTC PINK:CPMD) ha ricevuto tre ordini di acquisto per un totale di 600 KG di cannabis da Cantek Holdings, un leader israeliano nella lavorazione e distribuzione di cannabis medicinale. L'azienda ha iniziato a consegnare i prodotti, con la prima spedizione di 150 KG già esaurita in Israele. Lo stabilimento di CannaPharmaRx a Cremona produce oltre 1000 KG di cannabis di alta qualità ogni trimestre, con raccolti regolari di circa 100 KG ogni due o tre settimane.

L'azienda ha completato quindici coltivazioni e sta preparando ulteriore inventario per la spedizione. Si prevedono ordini futuri una o due volte al mese. CannaPharmaRx prevede di espandere la propria presenza sul mercato in Europa e America Latina nel quarto trimestre del 2024, sfruttando i recenti successi e il posizionamento strategico nei principali mercati globali della cannabis.

CannaPharmaRx (OTC PINK:CPMD) ha recibido tres órdenes de compra por un total de 600 KG de cannabis de Cantek Holdings, un líder israelí en procesamiento y distribución de cannabis medicinal. La compañía ha comenzado a entregar el producto, con el primer envío de 150 KG ya agotado en Israel. La instalación de CannaPharmaRx en Cremona produce más de 1000 KG de cannabis de alta calidad trimestralmente, con cosechas regulares de aproximadamente 100 KG cada dos o tres semanas.

La empresa ha completado quince cultivos y se está preparando para el envío de inventario adicional. Se esperan órdenes futuras una o dos veces al mes. CannaPharmaRx planea expandir su alcance en el mercado a Europa y América Latina en el cuarto trimestre de 2024, capitalizando sobre sus recientes éxitos y su posicionamiento estratégico en los principales mercados globales de cannabis.

CannaPharmaRx (OTC PINK:CPMD)는 이스라엘의 의약용 대마초 가공 및 유통 리더인 Cantek Holdings로부터 총 600KG의 대마초에 대한 세 건의 주문을 받았습니다. 이 회사는 첫 번째 150KG의 배송을 이미 이스라엘에서 모두 판매하며 제품 공급을 시작했습니다. CannaPharmaRx의 Cremona 시설은 매 분기 1000 KG 이상의 고품질 대마초를 생산합니다, 약 100KG의 정기적인 수확이 매 2~3주마다 이루어집니다.

회사는 15회의 대마초 재배를 완료했으며 추가 재고 배송을 준비하고 있습니다. 미래의 주문은 월 1~2회 예상됩니다. CannaPharmaRx는 2024년 4분기까지 유럽 및 라틴 아메리카로 시장 범위를 확장할 계획이며, 최근 성공과 주요 글로벌 대마초 시장에서의 전략적 위치를 활용할 것입니다.

CannaPharmaRx (OTC PINK:CPMD) a reçu trois commandes d'achat pour un total de 600 KG de cannabis de Cantek Holdings, un leader israélien dans le traitement et la distribution de cannabis médical. L'entreprise a commencé à livrer le produit, avec la première expédition de 150 KG déjà épuisée en Israël. Les installations de CannaPharmaRx à Cremona produisent plus de 1000 KG de cannabis de haute qualité par trimestre, avec des récoltes régulières d'environ 100 KG toutes les deux à trois semaines.

L'entreprise a complété quinze cultures et se prépare à expédier des stocks supplémentaires. De futures commandes sont attendues une ou deux fois par mois. CannaPharmaRx prévoit d'élargir son marché en Europe et en Amérique Latine au quatrième trimestre 2024, en capitalisant sur ses récents succès et son positionnement stratégique sur les principaux marchés mondiaux du cannabis.

CannaPharmaRx (OTC PINK:CPMD) hat drei Bestellungen über insgesamt 600 KG Cannabis von Cantek Holdings, einem israelischen Marktführer in der Verarbeitung und Verteilung von medizinischem Cannabis, erhalten. Das Unternehmen hat mit der Lieferung des Produkts begonnen, wobei die erste Lieferung von 150 KG bereits in Israel ausverkauft ist. Die CannaPharmaRx-Anlage in Cremona produziert vierteljährlich über 1000 KG hochwertigen Cannabis, mit regelmäßigen Ernten von etwa 100 KG alle zwei bis drei Wochen.

Das Unternehmen hat fünfzehn Anpflanzungen abgeschlossen und bereitet zusätzliche Bestände für den Versand vor. Zukünftige Bestellungen werden voraussichtlich einmal oder zweimal im Monat erwartet. CannaPharmaRx plant, seine Marktpräsenz im vierten Quartal 2024 auf Europa und Lateinamerika auszuweiten und dabei auf seinen jüngsten Erfolgen und strategischen Positionierungen in den wichtigsten globalen Cannabis-Märkten aufzubauen.

Positive
  • Received three purchase orders totaling 600KG of cannabis from Cantek Holdings
  • First shipment of 150KG sold out quickly in Israel
  • Cremona facility produces over 1000 KG of high-quality cannabis quarterly
  • Completed fifteen grows, each yielding about 100KG
  • Expects regular orders once or twice monthly
  • Plans to expand to European and Latin American markets in Q4 2024
Negative
  • None.

CALGARY, AB / ACCESSWIRE / August 15, 2024 / CannaPharmaRx, Inc. (OTC PINK:CPMD), a future leader in ultramodern, highly efficient cannabis production facilities announced today that it has received three purchase orders for cannabis, for a total of 600KG, from Cantek Holdings. These orders are related to a previously announced supply agreement, and we are happy to announce that the market has proven to be pleased with our quality craft growing methodologies. It is anticipated that CannaPharmaRx will continue to receive orders once or twice monthly moving forward. Cantek has positioned itself as one of Israel's leaders in the processing and distribution of medical cannabis.

CannaPharmaRx continues to utilize its Cremona facility to grow and harvest more than 1000 KG of high-quality cannabis each quarter. The company has completed fifteen grows, each about 100KG, and is cutting, drying and packaging additional inventory for shipment every two to three weeks. The cannabis is then shipped to end customers as these regular orders occur. The first shipment of 150KG occurred several weeks ago, cleared Israeli customs and was received by Cantek only to be sold out in a matter of days. Also in route are an additional 150KG with a 300KG order ready to go and currently awaiting its final export license.

Cantek is one of the leading Medical Cannabis enterprises in Israel, with a foothold across the entire value chain of the medical cannabis industry in Israel. Cantek holds strategic partnerships with prominent drugstore chains, distribution companies, clinics and is deeply involved with Israel's growing medical cannabis patient community. Recently passed legislation should deepen this connection and significantly grow the medical cannabis industry.

The company expects to ship to additional partners in Europe and Latin America during Q4 2024. CannaPharmaRx plans to continue to leverage its recent successes as it further develops its cannabis markets internationally in key markets. The company is now strategically positioned in some of the largest cannabis markets in the world.

Please visit www.cannapharmarx.com for additional information about our company and products

About CannapharmaRx, Inc.

CannapharmaRx is focused on the acquisition and development of state-of-the-art cannabis grow facilities in Canada. CPMD is in discussion with other companies regarding potential acquisitions. CannapharmaRx's business strategy is to become a leader in high quality and low-cost production of cannabis through the development, acquisition, and enhancement of existing facilities. CannapharmaRx is committed to operating high-quality facilities utilizing the latest technology in combined heat and power generation to ensure being a low-cost producer of cannabis.

Safe Harbor Statement

Cautionary Note Regarding Forward-Looking Information or Statements

This press release contains forward-looking information or statements. All statements that are or information which is not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations, or beliefs of future performance, are 'forward-looking information or statements.' Forward-looking information or statements can be identified by the use of words such as 'plans,' 'expects,' or 'does not expect,' 'is expected,' 'estimates,' 'intends,' 'anticipates,' or 'does not anticipate,' or 'believes,' or variations of such words and phrases or statements that certain actions, events or results 'may,' 'could,' 'would,' 'might' or 'will' be taken, occur or be achieved. With respect to forward-looking information and statements contained herein, Management of CannapharmaRx has made numerous assumptions, including, among other things, assumptions about general business and economic conditions. Such forward-looking statements are based on assumptions and involve known and unknown risks, uncertainties, and other factors that may cause actual results, events, or developments to be materially different from any future results, events, or developments expressed or implied by such forward-looking information or statements. Readers are cautioned not to place undue reliance on such forward-looking information or statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking information or statements. CannapharmaRx assumes no obligation to update any forward-looking information or statements, even if new information becomes available as a result of future events, new information, or for any other reason except as required by law.

Contact Information:
Brokers and Analysts
Chesapeake Group
(410) 825-3930

SOURCE: CannaPharmaRx



View the original press release on accesswire.com

FAQ

What is the total amount of cannabis ordered from CannaPharmaRx (CPMD) in the recent purchase orders?

CannaPharmaRx (CPMD) received three purchase orders for a total of 600KG of cannabis from Cantek Holdings.

How much cannabis does CannaPharmaRx's (CPMD) Cremona facility produce quarterly?

CannaPharmaRx's (CPMD) Cremona facility produces over 1000 KG of high-quality cannabis each quarter.

When does CannaPharmaRx (CPMD) plan to expand its cannabis market to Europe and Latin America?

CannaPharmaRx (CPMD) expects to ship to additional partners in Europe and Latin America during Q4 2024.

How often does CannaPharmaRx (CPMD) harvest cannabis at its Cremona facility?

CannaPharmaRx (CPMD) harvests about 100KG of cannabis every two to three weeks at its Cremona facility.

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