Creso Pharma Ltd New sales agreements and raising fresh capital

New sales agreements and raising fresh capital: Creso Pharma Ltd (ASX: CPH) recently signed binding Letter of Intent (LOI) with Brazil-based market-access and distribution service company, Sin Solution, which will help CPH foray into the vast Latin American market. Creso and Sin will work together on the commercialization of Creso’s premium Swiss Vitamin nutraceuticals and cannabinoid-derived nutraceuticals products in Brazil. Sales of Creso’s products in Brazil will target the privately insured middle class population of 60 million people leading to a potential market of more than $800 million. On the other hand, Creso subsidiary Hemp Industries recently received regulatory approval in the Czech Republic for its new range of hemp extract-based THC free products called diCBDium. Meanwhile, post the recent stock price rally, Creso Pharma is being said to have raised $5.6 million with the help of EverBlu Capital and the proceeds are expected to be directed towards fast-tracking the commercialisation of animal and human health nutraceutical products, and expansion into new regions.

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