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.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s