CannaPharmaRx, Inc. announced that it has signed a Supply Agreement with Y.S. A Holdings (‘YSA'). The business arrangement sets forth a supply agreement between the two companies. Under the terms of the agreement, CannaPharmaRx will cultivate commercial cannabis at its Facility in Canada and supply YSA Group material for the sole purpose of selling finished product in Israel and Morocco.

The agreement shall initially be for 24 months and automatically renews for periods of 24 months each. YSA will buy from CannaPharmaRx a minimum of 400kg of Material per annum per each country comprising the Territory during the Term. It is anticipated that purchase orders will be between 400kg and 1,000kg and occur as often as four times annually.

Deliveries are anticipated to begin in third quarter. Anticipated Revenues can be between $6 million to $15 million on a yearly basis depending on quantity and timing.