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Eviana leases assets of Montenegro's Obod to launch CBD facility in Cetinje

Author Radomir Ralev
Eviana leases assets of Montenegro's Obod to launch CBD facility in Cetinje Source: Cetinje city government

PODGORICA (Montenegro), April 10 (SeeNews) - Canadian healthcare products maker Eviana Health Corporation has leased the premises of Montenegro's insolvent household appliance manufacturer Obod in Cetinje where it plans to launch a cannabidiol (CBD) extraction facility, city mayor  Aleksandar Kascelan said.

The 30-year lease agreement for Obod's assets took effect after a consortium led by Eviana and including Montenegrin companies Montenegro Bio Science and Ramel fulfilled all legal obligations, Kascelan said in a statement on Thursday.

"I am pleased to say that Obod's real estate is now in a long-term lease. We have successfully completed this business activity, which should give a new impetus to the development of the city, stabilise local finances and, most importantly, provide jobs for at least 100 of our fellow citizens," Kascelan said.

In January, the Cetinje city government said a consortium led by Eviana plans to invest 10 million euro ($10.9 million) in a facility for CBD extraction. The consortium had placed the best bid in a tender for the lease of Obod's assets and intends to launch CBD extraction activities at its production site, the Cetinje city government said back then.

Eviana delivers customised consumer healthcare products using natural hemp strains of cannabis sativa for cannabinoid-based topical creams, products and cosmeceutical and nutraceutical merchandise.

($ = 0.913876 euro)