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BLUE DIAMOND VENTU COM STK NPV (OTCMKTS:BLDV) has teamed up with Alternative Medical Solution Canada as it looks to expand its footprint in the Canadian cannabis market. The two companies have signed a joint development agreement that allows them to import and export cannabis products to and from Canada.
Blue Diamond –AMS Joint Venture
Canada will be the headquarters for the joint venture as the two companies focus their energy on utilizing Israeli Cannabis products and technology.
“We are excited to launch this effort with BLDV. With the specialized products and technologies coming into Canada from Israel, and access to global markets with our finished products, we see this as a separate profit center that could even outgrow our efforts in cultivation ,” said Joseph Groleau, VP Business Development for AMS.
Blue Diamond Ventures has been working with AMS as they look to finalize funding for a new 50,000sq foot marijuana planting facility.
The signing of the agreement comes on the expansion of the legal marijuana market in North America, which is already fuelling strong demand for cannabis products. Buoyed by recent developments, Alternative Medical Solutions has filed for a license which, if issued, will allow it to grow and sell medicinal cannabis products.
Blue Diamond Ventures CEO, Joshua B Alper remains confident of AMS becoming a global brand on the issuance of a licensing agreement. The license is expected to make the company’s products available on the global markets at the back of state of the art technology, which should make it a leader in the Canadian market.
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