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THC Biomed INTL ( (TSE:THC) ) has shared an announcement.
THC BioMed Intl Ltd. has entered into a significant agreement to export at least 800 kilograms of cannabis over the next two years to a major distributor in Germany and other parts of Europe. This agreement marks a pivotal expansion into the European market, with the company supplying stabilized dried cannabis flowers under GACP-Plus standards. The deal includes exclusive distribution rights for two strains in Germany and ensures quality assurance, regulatory compliance, and a structured payment plan. This strategic move underscores THC BioMed’s commitment to growth and reliability, potentially enhancing its market position and stakeholder value.
More about THC Biomed INTL
THC Biomed is a leading cannabis company focused on producing high-quality and diverse cannabis products. The company emphasizes innovation and consumer satisfaction, aiming to meet the evolving needs of cannabis enthusiasts through continuous research, development, and product excellence.
Technical Sentiment Signal: Sell
Current Market Cap: C$3.28M
For an in-depth examination of THC stock, go to TipRanks’ Overview page.