Team: Stephen I. Selznick
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 Brock represented Invictus and Acreage Pharms in the negotiation and completion of the wholesale cannabis medical supply agreement.