PharmaCielo Ltd., a cannabis company based in Canada, recently announced that it will be partnering with Laboratorios Adler, a Uruguay-based company. Through the partnership, the former will supply the latter with CBD isolate, bulk CBD extracts, and bottled oils for veterinary use.
According to the press release announcing the partnership, the agreement will run for four years, with options for renewal. It is the first collaboration between the brands.
David Attard, the CEO of PharmaCielo Ltd. shared in the press release,
“This exciting entry into the animal health marketplace through the agreement with Adler is an example of PharmaCielo executing on its strategic objectives to supply both bulk oil and proprietary products to customers using established large chain distributors.”
He continued.
“Including Creso Pharma's animal health products also demonstrates both the mutual strategic value of our Creso acquisition proposal, which will be fully realized upon completion of the transaction, and the value of branded, fully manufactured product to provide enhanced margin opportunity. We are thrilled about the potential this agreement brings to all parties, and we look forward to working with our Latin American and European partners.”
Laboratorios Adler serves a wide range of customers, from pet shop to clinics and wholesale distributors. The products provided by PharmaCielo will be able address trauma pain, and cancer-related pain, among domestic and large animals.
Adriana Adler, the CFO of Laboratories Adler, shared in the press release,
“We are seeing increased demand for CBD-based veterinary products across all our markets as customers look for natural solutions to address pain, stress and a variety of other ailments in both domestic and large animals.”
She added,
“Partnering with PharmaCielo gives us an incredible advantage in this rapidly developing category. Creso Pharma's anibidiol® line of products, targeting stress, behavioral problems and chronic pain, along with PharmaCielo's CBD isolate, among the purest and highest quality we've seen, make a great addition to our product portfolio.”
All information is for general informational and educational purposes only. Nothing should be interpreted as legal or wellness advice.
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