Australian Natural Therapeutics Group (ANTG) will ship locally cultivated and dried medicinal cannabis flower to New Zealand under a partnership agreement with NZ medicinal cannabis distributor NUBU Pharmaceutical.
ANTG CEO Matthew Cantelo said the deal positioned the company to become the first to legally sell flower in New Zealand. According to him, ANTG will supply the product in the second half of the year, with oils to follow.
“This landmark deal means ANTG will be the first Australian flower imported into New Zealand, and potentially, the first company to legally sell flower in New Zealand,” Mr Cantelo said.
“NUBU has spent the last five years building a distribution network that now reaches every pharmacy in New Zealand, which means our Kiwi neighbours… will have access to the highest quality Australian flower while their home-grown cultivation industry starts producing.”
However, he was adamant that ANTG products would be made available to Australian patients “first and foremost”.
NUBU Pharmaceuticals CEO Mark Dye said the deal would benefit both companies.
“ANTG are very much leading the Australasian cannabis industry,” Mr Dye stated.
“We are over the moon to have them as a distribution partner and an investor, and can’t wait to make ANTG product available to patients locally.”