AMP Becomes Exclusive Marketing Partner of Tilray for Aphria Medical Cannabis Brand in Germany
ERFURT, Germany and BERLIN – AMP Alternative Medical Products Inc. (Frankfurt: C4TA) (ISIN: CA0318961038) (CSE: XCX), a pharmaceutical supplier of medical and CBD therapeutic wellness cannabis products to German pharmacies, announced it has been appointed as the sole marketing partner for all Aphria branded products imported or cultivated in Germany. Aphria is a medical cannabis brand of Tilray, Inc. (NASDAQ | TSX: TLRY) a global pioneer in cannabis research, cultivation, production, and distribution.
The new cooperation of AMP with Tilray as their sole marketing partner in Germany for the Aphria brand is based on a supply and marketing agreement with CC Pharma GmbH, a wholly-owned subsidiary of Tilray. The conclusion of this agreement is a milestone for AMP in providing a complete catalogue of medical cannabis products for doctors to prescribe to their patients.
AMP’s catalogue of Aphria-branded medical products includes Aphria cannabis flowers and extracts with different THC and CBD contents and is being registered for sale with the German Cannabis Agency (“BfArM”). In addition to the Aphria products carried by AMP available to doctors for patient prescriptions, Tilray beginning in July of this year, started cultivating and distributing to pharmacies Aphria medical cannabis flower grown in Germany on behalf of BfArM.
AMP’s catalogue of Aphria and other medical cannabis products are available through Tilray’s nationwide pharmaceutical distribution network covering 13,000 pharmacies across Germany, in addition to AMP’s other supply partnerships with pharmacies and distributors.
AMP and Tilray are planning to hold continuing educational seminars for doctors to advance education about medical cannabis to doctors, pharmacists and other healthcare specialists that prescribe or are involved in the prescription fulfilment of medical cannabis. AMP will also provide information about its complete medical cannabis product catalogue, including Aphria medical products, at the education seminars to doctors.
“Doctors are becoming increasingly familiar with the Aphria medical cannabis brand as it is the only German cultivated medical cannabis flower currently available for patients due to Tilray’s commitment to supply Germany with the highest-quality domestically cultivated and imported medical cannabis products for German patients,” said Dr. Stefan Feuerstein, President and Director of AMP. “Tilray entrusted AMP as its sole marketing partner for the Aphria medical cannabis brand due to our commitment to training to develop a knowledgable sales team covering major cities but also the small towns and rural regions ensuring that all German patients have access to this medicine as it becomes more commonly prescribed by doctors.”
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accept responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements that are based on the Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to its business plans and milestones and the timing thereof. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements do not guarantee future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. These forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances unless otherwise required to do so by law.
(This information is primarily sourced from AMP Alternative Medical Products Inc. Highly Capitalized has neither approved nor disapproved the contents of this news release. Read our Disclaimer here).
Innocan Pharma Reports Significant Revenue Growth and Impressive Gross Profit in Q1 2023
LOS ANGELES-- Innocan Pharma Corporation, a pharmaceutical technology company specializing in innovative drug delivery platform technologies, has announced its financial results for the first quarter ended March 31, 2023. The company reported significant growth in ...
Minnesota Legalizes Adult-Use or Recreational Cannabis
ST PAUL, MN–Minnesota Governor Tim Walz, a Democrat, made a significant move on Tuesday by signing a bill that legalizes the recreational use of cannabis in the state. With this signature, Minnesota becomes the 23rd ...
Canopy Growth Acquires 19.99% Stake in Indiva, Secures Distribution Rights for Wana Edibles in Canada
LOS ANGELES-- In a strategic move to expand its presence in the cannabis edibles market, Canadian cannabis producer Canopy Growth has announced the acquisition of a 19.99% stake in edibles manufacturer Indiva. The deal also ...