Medical cannabis company Creso Pharma (ASX:CPH) has announced its entered into the Israeli cannabis market.
The company has formed a joint venture with Cohen Propagation Nurseries to grow and manufacture high-grade medical cannabis.
Cohen Propagation Nurseries is one of the most experienced agriculture companies in Israel, the companies will work together to create a medical cannabis growing facility.
Creso Pharma says the deal will provide it with exposure to Israel’s world leading medical cannabis research and development and innovation.
Shares in Creso Pharma (ASX:CPH) are trading 2.07 per cent lower to 71 cents.