Toronto-based Cronos Group (TSX: MJN) announced an exclusive 5-year distribution deal with Pohl Boskamp, a German pharmaceutical manufacturer distributing products to 12,000 German pharmacies. Cronos will halt other existing supply agreements in Germany.
Cronos will supply its Peace Naturals brand cannabis products to Pohl for distribution throughout Germany. Germany is the world’s largest legal medical cannabis market, with 82 million people and federal insurance coverage. This gives Cronos the world’s largest medical cannabis distribution platform.
Pohl-Boskamp, founded in 1835, is privately owned and distributes products in 45 countries.
Source: Cronos Press Release