ASX-listed Creso Pharma has signed a non-binding letter of intent with CERES Natural Remedies to distribute and sell its anibidiol range of CBD and hemp animal health products in the US with a revenue target of US$5m over two years.
CERES is a leading provider of plant-based remedies and CBD products and a subsidiary of High Fidelity, Vermont’s largest independent cannabis company which has generated more than US$35m in revenue since 2013.
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