Sunday, 13 December 2020 (2 hours ago)
Zelira Therapies Ltd (ASX: ZLD) (OTCQB: ZLDAF) (FRA: G1G) has actually participated in a binding licensing contract with Alternative Solutions LLC to produce and disperse Zelira’s HOPE &#x 2122; items in the Washington DC authorized medical cannabis market. Alternative Solutions will commercialise Zelira’s HOPE &#x 2122; items for sale in the 2nd quarter of 2021. Under the regards to the licensing contract, Zelira will get an in advance cost and continuous royalties from HOPE &#x 2122; item sales in Washington DC. Entrance state with over 24 million visitors Zelira president and handling director U.S.A. Dr Oludare Odumosu stated: “Our collaboration with Alternative Option, a leader in the Washington DC market, is a tactical relocation in line with our objective of dealing with market leaders in authorized markets to broaden access to HOPE &#x 2122; throughout the U.S.A.. “We are especially thrilled about this collaboration since Washington DC is an entrance state with over 24 million visitors travelling through the United States capital in a year. “Washington DC’s reciprocity is a tactical relocation that enables authorized clients from 32 states to lawfully access HOPE &#x 2122; in DC.” Legal, controlled medical cannabis program Alternative Solutions president Matt Lawson-Baker included: “Alternative Solutions is enjoyed be partnering with Zelira to bring the HOPE &#x 2122; line of product to the Washington DC medical cannabis market. “Supplying access to this medication in the country’s capital will provide lots of households and clients the treatment they are worthy of through a legal regulated medical cannabis program.” Concentrated on circulation growth Washington DC has reciprocity with 32 other states in the United States, with authorized medical cannabis programs. This broadens access to clients signed up in all the 32 states, as they can lawfully buy medical cannabis items at an authorized dispensary in Washington DC. Zelira formerly certified HOPE &#x 2122; in Pennsylvania to Ilera Health Care LLC, which holds the licence for that state and in Louisiana to Advanced Biomedics LLC. Zelira stays concentrated on broadening the circulation of HOPE &#x 2122; through licensing contracts in each authorized market throughout the United States next year, as the COVID-19 pandemic gets under control. Alternative Solutions Option Solutions is among 8 existing licence holders for the growing, processing and circulation of cannabis within the District of Columbia. The business is certified to disperse medical cannabis items to all 7 certified MMJ dispensaries within the district. Functional because 2015, Option Solutions concentrates on offering a constant supply of premium items to all certified dispensaries in DC.
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