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Cronos Group Announces Supply Agreement with Cannamedical Pharma in Germany
Cronos Group Announces Supply Agreement with Cannamedical Pharma in Germany Canada...
About this update from Cronos Group Inc
[{"type":"text","content":"\n\n\n\nCronos Group Announces Supply Agreement with Cannamedical Pharma in Germany\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Sept. 1, 2017\n\n\n\nTORONTO, Sept. 1, 2017 /CNW/ - Cronos Group Inc. (TSXV: MJN) (OTC: PRMCF) (\"Cronos\" or the \"Company\") is pleased to announce that one of its wholly-owned licensed producers, Peace Naturals Project Inc. (\"Peace\"), has entered into a supply agreement with Cannamedical Pharma GmbH (\"Cannamedical\"). \n\n\n \n \n\n \nWith 82 million people, Germany is the largest federally legal medical cannabis market in the world. Cannamedical has been actively selling cannabis products throughout 2017, but this arrangement with Peace will help with the ongoing German medical cannabis shortage. Next month Cannamedical expects Peace to export one of the single largest shipments of medicinal cannabis in the European Union's history. Peace products will also be formally introduced at the Expopharm exhibition in Dusseldorf from 13th to 15th September.\n\n\"Both companies share the same beliefs regarding the importance of product quality, and Peace is proud to continue to set the standard for medical cannabis in Germany,\" said Mike Gorenstein, CEO of Cronos.\n\n\"We are looking forward to working with Peace Naturals, the first non-incumbent licensed producer in Canada, and bringing their products to the German market.  Presently there is insufficient supply to meet the demand, and we are pleased to be able to provide German patients with the quality medication that they so desperately need,\" said David Henn, CEO of Cannamedical.\n\nAbout Cannamedical Pharma GmbH\n\nCannamedical Pharma GmbH is a pharmaceutical and narcotics wholesaler that is federally licensed for narcotics import.  As of September 2017, Cannamedical is the fastest growing cannabis retailer in Europe with a network of 781 pharmacies and expectation to reach 2,500 by the end of the year. \n\nAbout Cronos Group\n\nCronos Group is a geographically diversified and vertically integrated cannabis company that operates two wholly-own...