Kelowna, BC, Canada–TheNewswire -November 18, 2024 – Allied Corp(“Allied” or the “Company”) (OTCQB: ALID), a Canadian medical cannabis supplier with main production center in Colombia, is proud to announce the successful shipment of 30kgs of THC-based medical cannabis to its Portuguese channel partner, Blossom Pharmaceuticals (“Blossom”). Through Blossom, Allied will offer medical flower manufactured with EU-GMP certification – a requirement for import into several European countries including the UK, Germany and Poland.
The product, which has started to be manufactured by Blossom, is destined to begin satisfying a sales agreement announced earlier this year with a UK licensed medical cannabis distributor. The 3-year contract details the provisions of the supply partnership, including minimum volume requirements of 200kgs per year expected to generate at least €360,000 in annual revenue starting in Q1 2025.
“We are proud of this shipment to Blossom, which follows the successful delivery of a 180kg purchase order announced in May and marks the first step in fulfilling our UK supply contract” said Michael Moses, Chief Business Development Officer. “With the rapid growth in European cannabis markets, Allied is demonstrating that it can be a reliable partner to deliver in the complex cannabis supply chain.”
These achievements underscore the company’s ability to operate in highly regulated markets and its continued momentum as it moves towards execution of existing supply agreements. This comes following last month’s announcement of an exclusive forward purchase agreement worth EUR 15.3 million over 5 years with Canpoland, a Polish distributor, including minimum volume commitments of 1.05 tons of premium Colombian-grown Cannabis flower per annum to Poland through Blossom.
About Blossom Genetics
Blossom is dedicated in transforming the pharmaceutical industry through excellence in contract manufacturing. Our mission is to be the premier partner for brands, providing top-tier manufacturing services that enable them to deliver high-quality products to patients worldwide. We pride ourselves on maintaining the highest standards of quality and safety throughout our manufacturing processes, ensuring that every product leaving our facility is of the utmost purity, consistency, and potency.
About Allied Corp
Allied Corp is a Canadian cannabis supplier with its production center in Colombia. By leveraging Canadian cannabis cultivation expertise and Colombian price advantages, Allied offers consistent supply of premium cannabis product at scale and at attractive prices, meeting international high-quality standards.
