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Home Investments Press Releases Briefs

BRIEF: Cronos Enters Agreement to Enter Polish Medicinal Marijuana Market

D.M.O. Newswire by D.M.O. Newswire
June 25, 2018
in Briefs, Canada, Marijuana Stocks, Poland

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Toronto, ON — June 25, 2018 — /D.M.O. Newswire/ — Cronos Group Inc. (NASDAQ:CRON) (TSX:CRON) (FRA:7C1) announced that it has entered into an exclusive distribution agreement with Delfarma Sp. Zo.o to enter the Polish medicinal marijuana market.

Here’s What You Need to Know

  • Founded in 2004, Delfarma is a privately owned pharmaceutical wholesaler and was the first company in Poland to introduce international parallel import of medicinal products from European Economic Area countries.
  • Delfarma distributes directly to over 5,000 pharmacies and more than 200 hospitals, a distribution network that reaches approximately 40% of the Polish domestic market.
  • The initial agreement between Cronos Group and Delfarma is a 5-year exclusive distribution agreement where Cronos Group’s global subsidiaries will supply Peace Naturals branded cannabis products to Delfarma for distribution within Poland.
  • Leveraging Delfarma’s extensive distribution network, this partnership provides Cronos with unrivaled access to the Poland market.
  • The parties are simultaneously working to obtain the necessary regulatory approvals within Poland for the full line of medical cannabis products with the aim to offer patients in Poland a variety of premium treatment options.

Click here for the full press release

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Tags: Cronos Group Inc.Delfarma Sp. Zo.oFRA:7C1licensed producerNASDAQ:CRONPeace NaturalsTSX:CRON

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DISCLAIMER: DMO Holdings Corp., which owns The Daily Marijuana Observer™ (MJobserver.com), is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. DMO Holdings Corp., which owns MJobserver.com, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. DMO Holdings Corp. or its affiliates, which owns MJobserver.com, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two.

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