MJBizMag November-December 2020 - 32

CompanyNews | U.S., Canada & International
Colorado. Terms of the Pleasant Valley deal weren't
disclosed, although a news release reported the
cultivation facility was purchased for a nonmaterial
amount of cash and common shares of Slang.
Slang Shot
Toronto-based Slang Worldwide, a cannabis consumer
packaged goods company, said it entered an agreement
to acquire Pleasant Valley Ranch, an outdoor and
greenhouse marijuana-production facility in Carbondale,
White-Label Agreement
Toronto-based Fire &
Flower and Decibel Cannabis Co. have launched a
private-label brand collaboration called Qwest. Decibel
will manufacture, package and ship products to Open
Fields Distribution, Fire & Flower's wholly owned
Saskatchewan distribution business. The initial product
launch will include pre-rolls, and the company might look
to offer other products in the future.
GW Pharma Breakthrough
GW Pharmaceuticals' plantderived
CBD drug Epidyolex
received approval from
Australia's Therapeutic Goods
Administration to be used in
treating seizures related to Lennox-Gastaut syndrome
and Dravet syndrome. The approval is the third major
global regulatory approval for Epidyolex, GW said in a
news release.
United Kingdom-based GW Pharma has partnered with
Chiesi Australia on Epidyolex and is working " to secure
reimbursement for the medicine through a listing on
(Australia's) Pharmaceutical Benefits Scheme. "
The CBD drug was approved in 2018 for use in the
United States, where it is branded as Epidiolex, and in
Europe in 2019. As of the most recent quarterly filing,
roughly 92% of Epidiolex's revenue came from the
United States.
Aphria Completes German Shipment
Aphria, a licensed producer based in Leamington,
Ontario, completed its first European Union-Good
Manufacturing Practice-certified shipment of dried flower
from its Aphria One EU-GMP facility to its wholly owned
German subsidiary, CC Pharma GmbH. The latter is a
distributor of pharmaceutical products to more than
13,000 pharmacies in Germany.
Aphria joins a select group of Canadian cultivators
whose products have been sold in German
pharmacies under their own or other brands,
including Aurora Cannabis, Canopy Growth, Cronos
Group, Maricann, Northern Green Canada and Tilray.
Germany was the top destination for Canadianproduced
medical cannabis flower in 2019, with
32 Marijuana Business Magazine | November-December 2020
roughly 7,800 pounds shipped to the EU market that
year. Another 208 gallons of cannabis oil products
left Canada for Germany in 2019, according to data
provided by Canadian regulators.
Multinational Agreement
German pharmaceutical company Stada signed a
medical cannabis supply agreement with Barrie,
Ontario-headquartered MediPharm Labs, the
Canadian company said. The exclusive partnership,
announced in September, calls on MediPharm to
supply EU-GMP-certified cannabis products to Stada
as well as logistics, manufacturing and regulatory
support.
In exchange, Stada will commercialize the cannabis
products, initially in Germany, according to a news
release. Stada, based in Bad Vilbel, Germany, says its
products are sold in approximately 120 countries.
Quebec LP Looks to Catch Up
With Distribution
Laval, Quebec-based Neptune
Wellness Solutions, a plantbased
wellness company, entered into a distribution
agreement with a subsidiary of The Kraft Heinz Co. to
market and distribute its products in the Caribbean,
India, Latin America and Vietnam.
Have a company announcement you want us to
consider? Send a news release or general information
to omar.sacirbey@mjbizdaily.com.
(Note: We're looking for news about expansions,
financing, deals, partnerships and similar
developments, not product-related announcements.)
INTERNATIONAL DEVELOPMENTS
CANADA DEVELOPMENTS
MJBizMag November-December 2020

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