Australian medical cannabis company Little Green Pharma (ASX:LGP) has its sights set on making a big splash in Poland.
The company announced last week it had signed a 5-year distribution agreement with Medizin for LGP’s medical cannabis oils and flower products in Poland. Under the agreement, Medizin has exclusive distribution rights in the country, assuming sales hurdles are cleared.
Medezin is a 100% owned subsidiary of Polska Grupa Farmaceutyczan S.A. (“PGF”), which LGP states is one of the three leading full-range wholesalers in Poland; boasting a 20% share of domestic deliveries to pharmacies.
“Our distribution agreement with Medezin reflects LGP’s strategic ambition to acquire and maintain a substantial share of the Total Addressable Market in each jurisdiction we supply,” said Little Green Pharma Managing Director Fleta Solomon.