The company signed a memorandum of understanding with Eagle Vet, a pet health care distributor with operations in South East Asia, Africa and the Middle East, to introduce its products in Korea.
Its shares were unchanged at $C0.49 on the CSE and grew 1.6% to US$0.37 on OTC Markets.
Eagle Vet currently distributes to 5,000 retail stores and veterinary clinics in the country, which has a pet care sector projected to grow to US$4.8 billion by 2020, according to Statista.
“We are excited to announce this agreement with Eagle Vet,” CEO Darcy Bomford said. “Today’s announcement speaks to the level of trust True Leaf has built in the global marketplace and the international recognition we’ve achieved as a leading hemp-for-pets brand.”
True Leaf’s products are designed to help pets with troublesome hips and joints, as well as anxiety. It’s chews and oils are hemp based and supplemented with omega-3s.
Contact Andrew Kessel at [email protected]
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