The expansion of its comprehensive distribution agreement with leading nutritional supplements company Route2 Pharm Pvt Ltd, will allow for distribution of CPH’s hemp derived therapeutic products sold under the cannaQIX® and CannaDOL brands into Ecuador.Expansion of this agreement gives CPH access to the rapidly growing Latin American CBD market.According to analytics company Statista, “the recreational legal cannabis market in Latin America and the Caribbean was forecast to reach nearly 300 million US dollars by 2024, up from an estimated value of four million dollars in 2020.”The following graph indicates just how quickly this market is growing and how large it is becoming:
Ann: Trading Halt, page-45
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