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TerrAscend to be the First and Only Cannabis Company with Sales in the US, Canada, and Europe
TerrAscend to be the First and Only Cannabis Company with Sales in the US, Canada, and Eur...
About this update from Terrascend Corp.
[{"type":"text","content":"\n\n\n\nTerrAscend to be the First and Only Cannabis Company with Sales in the US, Canada, and Europe\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, May 2, 2019\n\n\n\n-  TerrAscend Canada receives EU GMP certification, announces distribution agreement with German partner\n-  Will begin distribution in Germany this quarter through agreement with iuvo Therapeutics GmbH, which holds authorization to distribute to pharmacies in the EU\n TORONTO, May 2, 2019 /CNW/ - TerrAscend Corp. (CSE: TER; OTCQX: TRSSF) (\"TerrAscend\" or the \"Company\") today announced that its manufacturing facility in Mississauga, Ontario, Canada has been issued a Good Manufacturing Practice (\"GMP\") certificate in accordance with the rules governing medicinal products in the European Union (\"EU\"). The EU GMP certification was awarded by the responsible agency, Arzneimittelbehörde, in North Rhine-Westphalia, Germany. Additionally, the Company has entered a comprehensive sales and distribution agreement with iuvo Therapeutics GmbH (\"iuvo\"), a German pharmaceutical wholesaler with a cannabis-specific import and distribution license. TerrAscend expects to begin distribution through iuvo this quarter.\n\n \n \n\n \n\"Just five months ago, TerrAscend became the first North American Operator (NAO), with scale operations in both Canada and the US. Upon commencement of shipments this quarter, through our partner iuvo in Germany, TerrAscend will be the first and only global cannabis operator with sales in the three largest markets in the world,\" said Dr. Michael Nashat, CEO of TerrAscend. \"We will continue to expand our sales footprint going forward and will share news of these milestones as we achieve them.\"\nEU GMP standards for pharmaceuticals are among the most rigorous in the world, demanding the highest levels of quality assurance and product consistency. Following a pre-audit review by Cannabis Compliance Inc., a comprehensive inspection was conducted over a 4-day period by government officials from the responsibl...