MJBizMag September 2020 - 23

Khiron Signs Kuida Distribution
Deal in Hong Kong
Khiron Life Sciences, a vertically
integrated cannabis company with core operations in
Latin America and Europe, signed a distribution deal
with DNO Group, a distributor for the Asia-Pacific market.
DNO Group will use its network of retail and online
channels in Hong Kong to distribute Khiron's Kuida CBD
cosmeceuticals brand. The first orders are anticipated in
the fourth quarter of 2020 and will include seven SKUs
from Kuida CBD.
Village Farms Partners
With Altum International
British Columbia-based
greenhouse grower Village Farms
International executed a binding
agreement to acquire 6.6% of
Australia-based Altum International, a cannabinoid
company operating in the Asia-Pacific region. Under the
terms of the agreement, Village Farms has the option
to increase its ownership in Altum on similar terms.
Altum already has launched a broad range of CBD
products and is supplying craft brewers with product
for CBD-infused beer as well as coffee chains and juice
bars for beverages and edibles. In June 2020, Altum
opened a boutique cafe and retail concept store in Hong
Kong. The company also is pursuing high-THC medical
cannabis opportunities in Australia and New Zealand.
International Partnership
Uruguayan cannabis company
Megalabs partnered with California-based Medterra to
bring its CBD products to Latin America. According to
the agreement, Megalabs will have exclusive rights to
commercialize Medterra products in Argentina, Brazil
and Mexico.
Have a company announcement you want us to
consider? Send a news release or general information
to omars@mjbizdaily.com. (Note: We're looking for
news about expansions, financing, deals, partnerships
and similar developments, not product-related
announcements.)
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September 2020 | mjbizdaily.com 23

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MJBizMag September 2020

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