- Initial purchase order of 126,000 Sky Premium Life units secured on execution of the agreement
- Exclusive rights across
Saudi Arabia for an initial five years, spanning pharmacies, retail and online platforms, with potential to renew for a further five - Orders of more than 5 million units expected over the initial five-year term
- Access to one of the Kingdom's largest pharmacy networks — more than 250 pharmacies
- Entry into a
$3.26 billion Saudi nutraceuticals market, forecast to reach$5.96 billion by 2033
| 126,000 units Initial purchase order | 250+ pharmacies Innova network, 12 Saudi cities and villages | 5 + 5 years Exclusive term, renewable | 5M+ units Expected over initial five-year term |
KEY TERMS
- Initial purchase order of 126,000 Sky Premium Life units secured on execution of the agreement.
- Innova appointed sole and exclusive distributor of the products in
Saudi Arabia , across pharmacies, retail shops and online platforms. - Initial term of five years, with potential to renew for a further five years.
- First right of refusal for Innova to distribute new
Cosmos Health products developed, manufactured or acquired during the term. - Products to be registered with Saudi authorities ahead of commercial launch.
THE AGREEMENT
Under the agreement, Innova is appointed sole and exclusive partner responsible for the registration, distribution, promotion, trade marketing, logistics and sale of Sky Premium Life products through pharmacies, retail shops and online platforms across the Kingdom. Innova will carry out product registration with the Saudi authorities prior to launch, in accordance with local regulatory requirements.
The agreement runs for an initial term of five years, with potential to renew for a further five-year period. It also grants Innova a first right of refusal to distribute new
ABOUT INNOVA HEALTHCARE
Founded in 1994 with the opening of its first pharmacy in
Innova is majority-owned by
Innova's shareholders also include
Beyond its own stores, Innova Distribution supplies retail accounts including Amazon, noon, Boots, Nahdi and Al-Dawaa across four categories — nutrition, personal care, beauty, and mother and baby. It operates from three
MARKET OPPORTUNITY
Innova's expansion toward 500 pharmacies gives Sky Premium Life a distribution base with significant room to grow. Over the initial five-year term,
The agreement builds on
About Cosmos Health Inc.
Cosmos Health Inc. (Nasdaq:COSM), incorporated in 2009 in Nevada, is a diversified, vertically integrated global healthcare group. The Company owns a portfolio of proprietary pharmaceutical and nutraceutical brands, including Sky Premium Life®, Mediterranation®, bio-bebe®, C-Sept® and C-Scrub®. Through its subsidiary Cana Laboratories S.A., licensed under European Good Manufacturing Practices (GMP) and certified by the European Medicines Agency (EMA), it manufactures pharmaceuticals, food supplements, cosmetics, biocides, and medical devices within the European Union. Cosmos Health also distributes a broad line of pharmaceuticals and parapharmaceuticals, including branded generics and OTC medications, to retail pharmacies and wholesale distributors through its subsidiaries in Greece and the UK. Furthermore, the Company has established R&D partnerships targeting major health disorders such as obesity, diabetes, and cancer, enhanced by artificial intelligence drug repurposing technologies, and focuses on the R&D of novel patented nutraceuticals, specialized root extracts, proprietary complex generics, and innovative OTC products. Cosmos Health has also entered the telehealth space through the acquisition of ZipDoctor, Inc., based in Texas, USA. With a global distribution platform, the Company is currently expanding throughout Europe, Asia, and North America, and has offices and distribution centers in Thessaloniki and Athens, Greece, and in Harlow, UK. More information is available at www.cosmoshealthinc.com, www.skypremiumlife.com, www.cana.gr, www.zipdoctor.co, www.cloudscreen.gr, as well as LinkedIn and X.
Forward-Looking Statements
With the exception of the historical information contained in this news release, the matters described herein may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans,” and similar expressions, or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could,” generally identify forward-looking statements, although not all forward-looking statements contain these words. These statements involve risks and uncertainties that may individually or materially affect the matters discussed herein for a variety of reasons outside the Company’s control, including, but not limited to: the Company’s ability to raise sufficient financing to implement its business plan; the effectiveness of its digital asset strategies, including accumulation and yield-generating activities; the impact of the war in Ukraine and ongoing conflicts in the Middle East and other regions on the Company’s business, operations, and the economy in general; the Company’s ability to successfully develop and commercialize its proprietary products and technologies; changes in interest rates; changes in foreign currency exchange rates, commodity or other price inflation and deflation; our ability to issue debt on terms and at rates acceptable to us; the impact and expected outcome of investigations, inquiries, claims, and litigation; the challenges of operating in international markets; the adequacy of insurance coverage; the effect of accounting charges and of adopting certain accounting standards; the impact of legal and regulatory changes, including changes to tax laws and regulations; guidance for fiscal 2026 and beyond and financial outlook. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control, dependent on the actions of third parties, or currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our historical experience and our expectations and projections. These risks and uncertainties include, but are not limited to, those described from time to time in our periodic reports filed with the SEC and available at the SEC’s website (www.sec.gov). There also may be other factors that we cannot anticipate or that are not described herein, generally because we do not currently perceive them to be material. Such factors could cause results to differ materially from our expectations. Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our filings with the Securities and Exchange Commission and in our other public statements.
Investor Relations Contact:
BDG Communications
cosm@bdgcommunications.com
