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Home 🌿 Marijuana Business News 🌿 Canopy Growth Establishes Germany Based Operations Through the Acquisition of Licensed Distributor, MedCann GmbH 🌿

Canopy Growth Establishes Germany Based Operations Through the Acquisition of Licensed Distributor, MedCann GmbH

Submitted by Marijuana News on Tue, 11/29/2016 - 08:53

Canopy Growth Corporation ("Canopy Growth" or the "Company") (CGC.TO)  today announced that it has entered into an agreement to acquire MedCann GmbH Pharma and Nutraceuticals (MedCann), a German-based pharmaceutical distributor who has successfully placed Tweed-branded cannabis strains in German pharmacies.

MedCann has proven its ability to navigate the complex regulatory environment for cannabis importation and distribution in Germany . With a highly experienced leadership team, led by Dr. Pierre Debs , it has established itself as a leading cannabis importer and distributor within Germany where the cannabis industry still relies solely on imported products.

" Germany has begun a process of enabling medical access to cannabis and through a policy that recognized Canopy as the first legal supply source from North America ," said Bruce Linton , Chairman and CEO of Canopy Growth Corporation. "This acquisition establishes a distinct and purely medicinal corporate entity that helps us today but...

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