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Marijuana

Agraflora Organics International Inc (OTCMKTS:AGFAF) Pleased After Farmako’s Receives A Business License

Agraflora Organics International Inc (OTCMKTS:AGFAF) has disclosed the latest development regarding its subsidiary Farmako GmbH. The business guru says that Farmako will be free to engage in the distribution of medical cannabis flowers. These products have undergone the ionizing radiation treatment, and it seems great times lie ahead for this subsidiary.

The license and its impact

Agraflora has described the recent development as a major milestone for Farmako, saying that the German Federal Institute for Drugs and Medical Devices had done it a huge favor.

Reports indicate that the German medical cannabis marketplace has been encountering shortages in supply. A number of reasons have been cited to explain this undersupply, one of them being the scarcity of the EU-GMP certified cannabis flowers. What makes matters even worse is the fact that the exporting jurisdictions give tough conditions. One of them has been that one uses microbial sterilization before selling out products. Canada is one of these countries.

Eckmans and his perspective

The Chief Executive Officer of Farmako Katrin Eckmans says that it is a great achievement on their part to have secured the AMRadV license. He sees as a great stepping stone that will see them succeed in their quest to solve the major barriers that have been standing on their way to achieving massive business success.

Eckmans says that it feels great falling in the category of companies that can freely import and the sterilized cannabis flowers. The official believes that Farmako is on the right path, considering that it stands to benefit from the increased supply from various countries from around the globe.

The subsidiary is eyeing the significant growth in demand for the product and says that it will be taking full advantage of that.

Market observers say that Farmako stands to gain a huge deal from the German market. Reports indicate that the medical cannabis market in German may soon expand a great deal. It is projected that the expansion may get to the point of it becoming of the world’s biggest market places, focusing on the sale of cannabis products. Farmako says that it will uphold its efforts, which are targeted at making it more competitive as a licensed pharmaceutical wholesaler.

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Marijuana

Agraflora Organics International Inc (OTCMKTS:AGFAF) Reveals Plan To Acquire Eviana Health Corporation

Agraflora Organics International Inc (OTCMKTS:AGFAF), an international firm that mainly focuses on cannabis growth has announced a plan to take over Eviana Health Corporation.

The company revealed that it plans to present an offer to Eviana Health Corporation’s shareholders for the purchase of the firm’s outstanding and issued common shares. Agraflora also revealed that its offer will allow Eviana Health shareholders to receive Agraflora’s common shares as part of the exchange.

Agraflora is prepared to give 1.694915 of its common shares to Eviana shareholders at $0.50 for every Eviana share. Additionally, Agraflora is prepared to strike a deal at $0.295 as the share price for its stock as on August 9 this year.

Eviana shareholders have an incentive to entertain the offer because it provides a 49.25% premium on the market price. It also provides them with access to a cannabis company that boasts of higher trading volumes and is also heavily focused on growth. Agraflora is expected to hold talks with Eviana over the next few days and will remain listed on the Canadian Stock Exchange if the takeover goes through.

Agraflora signs CBD distribution and commercialization Letter of intent

Agraflora announced on August 8 that it signed a non-binding letter of intent for the commercialization and distribution of CBD. The company revealed that it signed the deal with one of the largest food retailers in Canada, known as the Canadian Food Retailer.

Agraflora opted to engage with Canadian Food Retailer about the commercialization and distribution plans because it has a robust network of physical stores. The terms of the letter of intent indicate that the two companies will sign a Supply and Consulting deal, through which Canadian Food Retailer will receive packaged CBD-infused goods from Agraflora.

“We are elated to announce that this prominent Canadian Food Retailer has selected AgraFlora as a potential partner of choice for CBD commercialization and distribution,” stated Agraflora CEO, Brandon Boddy.

The CEO pointed out that his company was an attractive pick for Canadian Food Retailer because it has the right manufacturing capabilities, human capital, and assets. The company also boasts of ample scaling capacity for its manufacturing processes.

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