Kelowna cannabis firm GTEC Holdings announced a new deal to ship its product overseas on Tuesday. 

The company will ship between 500 and 1,000 kilograms of cannabis annually to Israel for medical purposes.

Its partners in the deal include Israeli medical cannabis company Focus Medical Herbs and IM Cannabis Corp., which has exclusive distribution rights to export cannabis from Canada to Israel.

“Medical cannabis patients in Israel are starting to demand more imported indoor products from Canada,” IM Cannabis CEO Oren Shuster said in a press release.

“By partnering with GTEC to supply high-THC flower from its Canadian indoor facility, IMC is leveraging this increasing demand from patients and will, for the first time, bring into Israel a truly ultra-premium quality product.

Earlier this month, GTEC reported a profitable 2020, reversing a net loss of CA$8.3 million in the previous year.

The positive year arrives in contrast to many large-scale producers in Canada that reported billions of dollars in losses.