Here’s the press release…
Under the terms of the LOI, CC Pharma, a leading distributor of pharmaceutical products to over 13,000 pharmacies in Germany, has agreed to import approximately 1,200 kilograms of medical cannabis from Nuuvera in 2018. The completion of the transaction is subject to and conditional upon the execution of the definitive agreement, the approval from the TSX Venture Exchange, and the approval of the relevant Canadian and German governmental authorities.
Lorne Abony, the CEO of Nuuvera, said the agreement will bring together two companies with a strong commitment to high standards of quality and consistency.
“We are pleased to have established this important relationship with CC Pharma,” said Abony. “CC Pharma is a trusted provider of quality medical products to German patients, with a reputation for prioritizing consumer protection and ensuring quality and consistency. Collectively, we will aim to deliver the option of high quality medical cannabis to patients across Germany.”
“Working with CC Pharma signals to the German consumer, physicians, pharmacists and lawmakers that Nuuvera is a world class medical cannabis producer,” Abony continued.
Hendrik Knopp, MD of Nuuvera Germany, added: “Nuuvera’s partnership with CC-Pharma provides us with a significant advantage to distribute our products in the rapidly growing German market. In 2018, we intend to import three different cannabis strains preferred by CC-Pharma and German patients. Our expectation is that this co-operation will grow significantly, in light of the size of the German market.”
Since making access to medical cannabis easier in legislation passed in early 2017, Germany has registered approximately 10,000 patients. The demand for medical cannabis is expected to further grow in the coming years.
“Nuuvera has a secure supply of high quality medical cannabis products supported by extensive quality assurance, production and distribution capabilities,” added Abony, “positioning us to become a major supplier of these products to German and European consumers.”