Aurora Cannabis says it will supply medical cannabis to Mexico through a partnership with the pharmaceutical manufacturer and distributor Farmacias Magistrales.
Farmacias recently got the green light to import cannabis, which Aurora says is the first and only import license granted by federal Mexican authorities to date.
Aurora’s chief executive Terry Booth says the exclusive partnership expands the cannabis grower’s early mover advantage in Latin America.
Watch below: (From Oct. 29, 2018) As cannabis shortages continue across Canada, even the AGLC’s website has almost nothing available for buyers. As Fletcher Kent reports, some say the supply chain needs to be fixed.
The Edmonton-headquartered pot producer says Farmacias has a reach of roughly 80,000 retail points, and 500 pharmacies and hospitals across Mexico.
It adds that Farmacias has also received licences from Mexico’s Federal Commission for Protection Against Health Risks to manufacture and distribute products with CBD and THC.
Shares of Aurora rose as much as 10 per cent to hit $7.82 in intraday trading on the Toronto Stock Exchange.
- GlobalNews.ca offers Canadians from coast to coast a host of news and information – from breaking news in their town or city to deep engaging content that puts complex world issues in perspective. Our 11 local sites provide up-to-the-minute community-based news, weather and information, while our new umbrella national site features stories, analysis and deep, engaging content about issues in Canada and abroad.
- News2019.01.25New Brunswickers spent more than $8 million on cannabis in just four months – New Brunswick
- News2019.01.25Saskatoon police show off new screening device for testing drug-impaired drivers – Saskatoon
- News2019.01.24No notable spike in cannabis intoxication among children in Sask. after legalization
- News2019.01.24Police bust downtown Saskatoon pot shop for second time – Saskatoon