Emblem enters German Medical Cannabis Market with Acnos Joint Venture | CashCropToday
0 Shares 395 Views

Emblem enters German Medical Cannabis Market with Acnos Joint Venture

June 23, 2018
395 Views

Emblem Corp (TSXV: EMC) has announced a joint venture with German pharmaceutical wholesaler Acnos. The new entity formed by the partnership, Emblem Germany will allow Emblem branded cannabis products to be imported to Germany from Canada.

Emblem is a Canadian producer and distributor of medical cannabis and cannabis derivatives located in Paris, Ontario. They also own and operate GrowWise Health Limited, which offers information and education programs on medical cannabis to patients and physicians in Canada.

Acnos is a pharmaceutical wholesaler and distribution company based in Aachen, Germany and supply medicines to pharmacies, wholesalers, and healthcare companies. They believe that the German medicinal market is will become focused on cannabis extracts versus dried cannabis product.

Germany has a population of 82 million, creating one of the largest legal medical cannabis markets in the world. The German Parliament legalized medical marijuana in January of 2017 – but only for patients with serious medical illnesses– those suffering from multiple sclerosis, chronic pain, nausea from chemotherapy, and serious cases of appetite loss. In these cases, there is federal health insurance coverage for medical cannabis from the German government.

Emblem Germany will be supplied with cannabis oil for sale to Germany pharmacies, wholesalers, and clinical labs for medical purposes. Emblem has constructed a state-of-the-art extraction facility to meet the increased demands of the German market. Exports are expected to start in 2019.

Under the terms of the joint venture, Emblem Germany will be 60% owned by Emblem and 40% owned by Acnos.

You may be interested

Cash Crop Today Interview with CEO of Open Grow™ João Melo
Growers
5 views
Growers
5 views

Cash Crop Today Interview with CEO of Open Grow™ João Melo

Editor - September 25, 2018

Open Grow™ is a company located in Portugal that is dedicated to the research and creation of automation solutions for the agricultural growing environments. Their company aims to…

Lender420 Provides Funding Solutions to Fit Your Company’s Equipment Needs
Market Watch
24 views
Market Watch
24 views

Lender420 Provides Funding Solutions to Fit Your Company’s Equipment Needs

Editor - September 24, 2018

Purchasing equipment involved in the cultivation, processing, manufacturing, and distribution of the cannabinoid-derived products can be one of the most expensive costs of setting up a successful…

Elixinol Global to increase ownership in Elixinol Japan to 50.5%
Global
21 views
Global
21 views

Elixinol Global to increase ownership in Elixinol Japan to 50.5%

Editor - September 24, 2018

Public company Elixinol Global Limited (ASX: EXL; OTCQX: ELLXF), a prominent producer of industrial hemp derived CBD products announced yesterday that its wholly-owned subsidiary, EXL International Holdings,…

Leave a Comment

Your email address will not be published.

Most from this category

%d bloggers like this: