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Aleafia Announces Supply-Distribution JV for German Cannabis Market

Stockhouse Editorial
0 Comments| May 6, 2019

Aleafia Health Inc. (TSX: ALEF, OTCQB: ALEAF, Forum) today announced a joint venture with German pharmaceutical wholesaler Acnos Pharma GnbH. The deal will provide Aleafia with entry into Germany’s emerging medicinal cannabis market.

Under the terms of the agreement, the JV entity will purchase Aleafia-branded cannabis oils for distribution in Germany. Emblem Cannabis Corp., a wholly-owned subsidiary of Aleafia, will be the majority shareholder (60% interest). Acnos will hold the remaining 40%. Further information can be found here.

Aleafia was recently in the news in April when it announced a strategic investment in an Australian licensed producer of cannabis, CannaPacific.

FULL DISCLOSURE: Aleafia Health Inc. is a paid client of Stockhouse Publishing.

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