Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Germany: The Global Cannabis Movement Continues

By

PrintPRINT

This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

Germany is becoming a hotbed for Canadian cannabis producers and we think this trend is just getting started.

Germany, the largest country in the European Union started 2017 by legalizing medical cannabis creating a major opportunity for cannabis businesses across the world. The legislation also will make cannabis available to people suffering from serious illnesses and available through health insurance plans.

These factors have led to a surge in the number of licensed Canadian medical cannabis producers focused on this market and we want to highlight some of the recent deals.

Aurora Makes Major Acquisition

On Friday, Aurora Cannabis (ACB.V) (ACBFF) announced a major development and significantly increased its market share in Germany with the acquisition of Pedanios GmbH.

Since December 2015, the company has been importing, exporting, and distributing medical cannabis into and within the European Union (EU). Pedanios holds all relevant licenses and permits and is a federally licensed medical and narcotic wholesale and GMP inspected narcotic import business.

In March 2017, when Germany's new law came into effect Pedanios' monthly sales immediately doubled and growth continues to accelerate. Pedanios wholesales medical cannabis to more than 750 pharmacies and offers the largest product line and largest variety of products when compared to other German distributors.

Canopy Growth Acquires German Firm in Late 2016

In late 2016, Canopy Growth Corp (TWMJF) (CGC.TO) reported an agreement to acquire MedCann GmbH Pharma and Nutraceuticals, a German-based pharmaceutical distributor that has placed Tweed-branded cannabis strains in German pharmacies.

MedCann is federally licensed by the German Health Ministry to import, manufacture and distribute medical cannabis products. The company will help Canopy capitalize on and navigate Germany's complex regulatory environment for importing and distributing cannabis

A Market to Keep a Close Eye On

Germany has now been writing formal prescriptions for medical cannabis since the first week of March and there are no signs of slowing down.

With Germany being the largest country (by population) in the European Union, we are keeping a close eye on how this market develops as it can drive future value for Canadian licensed medical cannabis producers.


This article was written by Mark Maulden for https://technical420.com/cannabis-article/germany-global-cannabis-movement-continues on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

< Previous
  • 1
Next >
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE