Israeli Cannabis Firm Signs Deal To Set Up Greenhouses Abroad

April 18, 2018 | Israeli medical cannabis company Together Pharma announced Tuesday that its subsidiary Globus Pharma has signed a cooperation agreement to set up greenhouses of up to 25 acres in a foreign country, according to a statement from the company. The greenhouses will be set up no later than six months after the agreement signing. The cannabis harvesting is planned for the first quarter of 2019. Together did not name the country or company with who its subsidiary signed the deal. The deal could bring in annual sales of $75 to $300 million depending on the harvest, the statement said. Globus Pharma will own 51 percent and the partner will hold 49 percent. Together also announced on Monday that its subsidiary had signed a Memorandum of Understanding (MOU) to sell medical cannabis or oil to an unnamed Canadian company with a license to grow, produce, and import medical cannabis.