On December 20, 2018, Acreage Pharms Ltd., a licensed producer of cannabis products and subsidiary of Invictus MD Strategies Corp., entered into a five year wholesale cannabis medical supply agreement with Deutsche Medizinalcannabis GmbH. By the terms of the arrangement, Acreage Pharms will be selling a minimum of 10,000 kg. of dried cannabis flower for medical use to Deutsche Medizinalcannabis in Germany.
Deutsche Medizinalcannabis is an importer and distributor of cannabis for medical purposes with a distribution network and direct access to 20,000 pharmacies in Europe. Acreage Pharms is in the process of obtaining European Union Good Manufacturing Practices (EU-GMP) certification for its Phase 3 growing facility in Alberta.
Stephen Selznick (Business, Intellectual Property and Cannabis) of Cassels represented Invictus and Acreage Pharms in the negotiation and completion of the wholesale cannabis medical supply agreement.