CannTrust Holdings Inc. (TSX: TRST), a cannabis public company located in Canada, announced this morning that it has entered into a Joint Venture Agreement with STENOCARE, a privately owned cannabis company located in Denmark.
CannTrust will receive a 25% equity stake in STENOCARE in return for the company’s cooperation in distributing CannTrust’s medical grade cannabis products to Denmark. The two companies plan to work towards developing a cannabis facility in Denmark, with expected construction to begin in the second quarter of 2018.
“CannTrust is very excited to partner with STENOCARE in the rapidly growing global market for medical cannabis. This is a key step in our strategy to expand our best in class products on a global platform. We look forward to building, together with STENOCARE, an industry leading facility in Denmark. By leveraging off our leading-edge perpetual harvest technology, STENOCARE will be able to deliver high-quality, standardized medical cannabis products for the Danish market” said Eric Paul, CEO of CannTrust.
You may be interested
Canopy Growth’s Tweed Farms Receives Additional Licensing for Cannabis ProductionEditor - September 17, 2018
Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) announced this morning that their Tweed Farms cannabis cultivation operation has received an amendment to their license which will approve…
Cash Crop Today Interview with Baylee Sweet from The Harvest Helper Trimmer StoreEditor - September 14, 2018
The Harvest Helper Trimmer store is one of the top resources for cultivators located in the Northwestern part of the United States for all of their automated…
Aurora Cannabis to Enter South American Market with Acquisition of ICC Lab, Inc.Editor - September 11, 2018
Aurora Cannabis Inc.(TSX: ACB) (OTCQB: ACBFF) announced this morning that the company has entered an agreement to acquire the South American cannabis company ICC Labs Inc. (TSX-V:…