Canzon to explore German market by partnering with Lykos Verde
By Nikita Chaurasia  Date: 2020-07-06

Canzon to explore German market by partnering with Lykos Verde

Canzon, an Israeli enterprise selling CBD-based products in Europe has reportedly entered a partnership worth NIS 6 million yearly with German distribution firm Lykos Verde.

Sources close to the matter stated that as per the agreement, Lykos Verde will acquire exclusive rights for distributing Canzon brand at over 3,000 sports stores & fitness clubs, 1,000 organic food stores, and 3,000 pharmacies in Germany.

The deal was finalized through mediation by Yuval Soiref, owner of PharmaCann International, which is an external consultant to Canzon Europe, sources claimed.

Alon Carmeli, Canzon founder was reported saying that the partnership will enable the firm to acquire a dominant spot among physical stores across Germany, thereby allowing it to become a frontrunner in the ever-growing CBD sector.

Anna-Sophia Kouparanis, Managing Director of Lykos Verde stated that the company is enthralled with the quality as well as the innovative design of the products Canzon offers. She added that the Israeli company will provide a novel solution in the German market and is looking forward to working together in the upcoming years. 

For those uninitiated, Canzon is a leading manufacturer of various types of CBD-based products which do not need a medical prescription. The company evidently possesses around 24 products in eight categories for both paramedical as well as cosmetic use. It produces products such as snack bars for curing joint problems among dogs, day & night anti-aging creams as well as products for treating psoriasis and acne.

On the other hand, Lykos Verde is a pharmaceutical wholesaler that operates out of Frankfurt, Germany. According to industry experts, the company is currently focusing on global expansion by deploying an international distribution network. It is also concentrating on increasing pharmaceutical sales among pharmacists and doctors as well as other personnel in the industry.

Source Credits –

https://en.globes.co.il/en/article-canzon-signs-cannabis-cbd-german-distribution-deal-1001334661

https://www.canzon.com/about-us/

About Author

Nikita Chaurasia    

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More

More News By Nikita Chaurasia

Russia Successfully Launches its Upgraded Glonass Navigation Satellite
Russia Successfully Launches its Upgraded Glonass Navigation Satellite
By Nikita Chaurasia

Russia announced that with a Soyuz-2.1b rocket and Fregat upper stage, it has successfully delivered its advanced Glonass navigation satellite to an orbit almost 12,000 miles above the Earth's surface. This new satellite joins the presently acti...

VSPN raises nearly $100 million from the Series B investment round
VSPN raises nearly $100 million from the Series B investment round
By Nikita Chaurasia

VSPN (Versus Programming Network), a leading esports tournament organization services provider, has reportedly raised nearly $100 million through a Series B investment round. Tencent Holdings, the renowned Chinese conglomerate, led the investment rou...

Tata Consultancy, dotin Inc. partner to develop Workforce Analytics
Tata Consultancy, dotin Inc. partner to develop Workforce Analytics
By Nikita Chaurasia

Indian multinational information technology services provider Tata Consultancy Services (TCS) Ltd. has reportedly signed a joint venture agreement with dotin Inc. to develop TCS Workforce Analytics, an innovative workplace experience solution. Accor...

Nokia, Greener Acres partner to boost smart city development in Canada
Nokia, Greener Acres partner to boost smart city development in Canada
By Nikita Chaurasia

According to reliable sources, Finnish multinational telecommunication, consumer electronics and information technology company Nokia Corp. has reportedly signed an agreement with Greener Acres Canada Inc. to collectively develop and upgrade the util...

OneOncology launches OneR to accelerate clinical research programs
OneOncology launches OneR to accelerate clinical research programs
By Nikita Chaurasia

In recent developments, Tennessee-based oncology medical service provider OneOncology Inc., has reportedly announced the establishment of a newly formed subsidiary named OneR (OneOncology Research Network). Sources close to the matter claimed that O...