Cronos announces MMJ supply agreement in Germany

Cronos Group announces that one of its wholly-owned licensed producers, Peace Naturals Project, has entered into a supply agreement with Cannamedical Pharma.

With 82 million people, Germany is the largest federally legal medical cannabis market in the world. Cannamedical has been actively selling cannabis products throughout 2017, but this arrangement with Peace will help with the ongoing German medical cannabis shortage. Next month Cannamedical expects Peace to export one of the single largest shipments of medicinal cannabis in the European Union’s history. Peace products will also be formally introduced at the Expopharm exhibition in Dusseldorf from 13th to 15th September.

“Both companies share the same beliefs regarding the importance of product quality, and Peace is proud to continue to set the standard for medical cannabis in Germany,” said Mike Gorenstein, CEO of Cronos.

“We are looking forward to working with Peace Naturals, the first non-incumbent licensed producer in Canada, and bringing their products to the German market. Presently there is insufficient supply to meet the demand, and we are pleased to be able to provide German patients with the quality medication that they so desperately need,” said David Henn, CEO of Cannamedical.

For more information:
Cronos Group
76 Stafford Street, Suite 302
Toronto, Ontario M6J 2S1
(416) 504-0004

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