Creso Pharma Announces China Strategic Commercial Distribution Agreement Signed

Creso Pharma Limited (ASX:CPH) has announced that it has entered the lucrative Chinese market with a Strategic Partnership and Commercial Distribution agreement with Zhejiang Kingdom Creative Co., Ltd (Kingdom Creative), a subsidiary of Hong Konglisted Kingdom Group.

Kingdom Creative is an investment company with a diversified investment portfolio including retail businesses, banking, finance leasing and biotechnology companies.

Primarily a hemp and flax-based linen production company, Kingdom Creative is located in China’s Zhejiang province. The Company is involved in hemp cultivation and processing and is looking to expand its product offering into the healthcare sector using Creso’s expertise in hemp- and cannabis-based nutraceutical and medical cannabis therapeutics and products.

The agreement provides Creso with a strategic foothold in China to be able to offer the Chinese a range of products from nutraceuticals to therapeutic and medicinal – both for human and animal health – and allows Kingdom Creative to vertically integrate beyond textiles and diversify into value-added, hemp-based nutraceuticals for human and animal health as well as cosmetics and age-defying beauty products.

Under the move, the two companies will collaborate on research and development as well as the distribution of hemp- and cannabis-based nutraceutical, cosmetics and body care products across China. Kingdom Creative will purchase and import Creso’s current and future innovative human and animal health hemp- and cannabis-derived products and invest in marketing and distribution efforts to support the successful introduction and sale of these products into the vast local market.

In light of the agreement, Creso has also opened up offices in Beijing, Shanghai, Shenzhen and Guangzhou, giving it a sales and marketing presence and further local distribution options in China for its products. It will also enable Creso to rapidly expand into other Asian markets.


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