APHRIA INC. SIGNS DEAL TO SELL MEDICAL CANNABIS PRODUCTS IN POLAND | TRICHOMES Morning Buzz скачать в хорошем качестве

APHRIA INC. SIGNS DEAL TO SELL MEDICAL CANNABIS PRODUCTS IN POLAND | TRICHOMES Morning Buzz

Cannabis News Update November 5, 2020 Today in the world of cannabis: Two of the largest hydroponic chains in the U.S. grow together, two disputing cannabis companies reach a mutual settlement, and two more cannabis companies enter Poland’s cannabis market. The Morning Buzz presented by TRICHOMES brings you late-breaking news that tells you what's happening within the cannabis industry. Check in with the cannabis community at TRICHOMES.com First up: In a report by PRNewswire, GrowGeneration Corp., the U.S.’s largest chain of hydroponic garden centers, has signed an asset purchase agreement to acquire The GrowBiz, expected to take place before the end of the 2020 fiscal year. The GrowBiz is the nation’s third largest hydroponic garden center chain. The acquisition will “bring the total number of GrowGen hydroponic garden centers in California to ten and Oregon to two,” and is expected to generate approximately $50 million in annual revenue. “We look forward to building on their combined experience and expanding our commercial footprint,” said Darren Lampert, GrowGen's CEO. “The GrowBiz acquisition represents our continued investment in purchasing the 'best of breed' hydroponic operations in the U.S. and strengthening our management team with seasoned veterans from our industry.” https://www.prnewswire.com/news-relea... And next: PRNewswire reports that Harvest Health & Recreation Inc. has reached a dispute settlement on mutual terms with Devine Hunter Inc. In February 2019, Harvest, a vertically integrated cannabis company, “announced an agreement to acquire six licenses in Arizona from Devine for undisclosed terms,” says the press release. “In March 2020, Harvest commenced litigation proceedings against Devine to compel the closing of the pending deal as defined in the original binding agreement.” “Settlement talks resulted in a mutually agreeable resolution for both parties. In accordance with the terms of the settlement, Harvest will acquire three vertical medical cannabis licenses in Arizona for consideration which includes the repayment by Devine Holdings of an outstanding $10.45 million receivable owed to Harvest concurrently with the license purchase.” https://www.prnewswire.com/news-relea... Last up: In a report by PRNewswire, ODI Pharma AB has announced a supply agreement with Aphria Inc.’s German subsidiary, CC Pharma. According to a press release, under the agreement, ODI will have the exclusive right to “sell a defined set of co-branded products in Poland. These products will be co-branded and sold under the ODI and Aphria brand names.” “The Supply Agreement has a term of five years and provides for an annual minimum of 1,200 kg of medical cannabis product, for a total of 6,000 kg of medical cannabis during the term of the agreement; and CC Pharma will support ODI in securing regulatory approval for import and sale of the co-branded products in Poland.” “We see that this will contribute to our operational efficiency and it is exciting to further advance the terms of our relationship to include a broader product offering,” said ODI Pharma AB CEO Derek Simmross. “Our goal remains to represent the best and most technologically advanced producer of medical cannabis in the industry for the Polish people.” https://www.prnewswire.com/news-relea...