CannaPharmaRx Executes Multi-Year Supply Agreement with ICAN to Create Distribution Network in the Latin Americas

CannaPharmaRx, Inc. (OTC PINK:CPMD), a future leader in ultramodern, highly efficient cannabis production facilities announced today that the company finalized a supply agreement with ICAN Green S.A. de C.V (“ICAN“), a division of ICAN Investing Group LLC. CannaPharmaRx will supply product to ICAN for distribution in the Latin Americas with a primary focus on Mexico and Panama.

ICAN, an international cannabis company with a focus on Latin-America, is a regional reference in education, research, and development of cannabis-based medications and products. ICAN was the first, and so far, only company to legally import THC API into Mexico.

Under the terms of the agreement, CannapharmaRx will supply ICAN with cannabis related products, subject to minimum required annual levels of purchases by ICAN. This partnership is a significant accomplishment for both companies.

“By securing this strategic partnership with ICAN, we continue to evolve our systematic international expansion strategy that will create diversity of revenue and allow us to introduce our high-quality products to an expanding global audience,” commented Dean Medwid, CEO of CannaPharmaRx.

“Through our pivotal partnership with CannaPharmaRx Inc., ICAN marks a significant milestone in our mission to revolutionize the healthcare landscape in Latin America through innovative cannabis-based solutions. This agreement not only expands our reach but underscores our dedication to quality, research, and patient care. Together, we are set to bring high-quality, research backed cannabis products closer to our patients, further establishing ICAN as a leader in the region’s healthcare transformation.” Erick Ponce, CEO of ICAN, said.

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View the original press release on accesswire.com