Invictus MD Strategies Corp. (TSXV:GENE; OTC:IVITF; FRA:8IS1) announce an LOI to sell dried cannabis to a German importer and distributor of medical cannabis (of which no name has been released), committing to selling 1,000 kilograms of dried cannabis flower per year at a price of $6.50 per gram.
It is important to note that Invictus has yet to obtain an export permit from Health Canada as well as a Good Manufacturing Practice (“GMP”) certification, and the importer also has to receive needs an import permit. So details of this deal are still pending.
Invictus MD Strategies Corp.
Emblem Corp. (TSXV:EMC; OTCBB:EMMBF) recently finalized a deal to form a joint venture with German pharmaceutical wholesaler Acnos Pharma GmbH (60% Emblem, 40% Acnos) and plan on exporting Emblem branded cannabis products from Canada and importing them into Germany. Emblem will supply the JV with cannabis oil for sale to German pharmacies, wholesalers and clinical labs for medical purposes. As per their press release, the export of products to Germany will be predicated upon Emblem satisfying applicable regulatory requirements for shipping cannabis products to Germany. This includes completion of Emblem’s GMP certified laboratory in Ontario and associated receipt of European Medical Agency GMP certification. Emblem will also require a Health Canada issued export permit and provisional import status from the German Bundesopiumstelle (Federal Narcotics Bureau) to import medical cannabis products into Germany. Emblem’s GMP facility is currently on target for completion in first quarter of 2019 with first shipments to Germany expected to occur in 2019.
Emblem Cannabis Corp.
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