AgraFlora Organics International (CSE: AGRA) (Frankfurt: PU31) (OTC: AGFAF), a growth oriented and diversified international cannabis company, yesterday announced that Farmako GmbH, through its wholly owned subsidiary Farmako Limited has received its Home Office Controlled Drug License. According to the update, Farmako Limited was awarded the License less than one month following the successful completion of its inspection by the UK Home Office in December 2019. With the License, Farmako Limited plans to commence wholesaling medical cannabis in the UK by mid-year 2020, including importation of Bedrocan products to the UK from the Netherlands for patient distribution. “The UK medicinal cannabis market has been estimated to reach US$1.3 billion by 2024, with up to 1% of the UK’s population expected to be eligible to receive medicinal cannabis prescriptions by 2028,” Farmako CEO Katrin Eckmans said in the news release (http://nnw.fm/BO5Vq). “Obtaining the License is a key milestone for our European business, positioning Farmako Limited as an early leader in the rapidly developing UK medicinal cannabis market.”
To view the full press release, visit http://nnw.fm/Xn2IG
About AgraFlora Organics International Inc.
AgraFlora Organics International Inc. is a growth oriented and diversified company focused on the international cannabis industry. It owns an indoor cultivation operation in London, ON and is a joint venture partner in Propagation Services Canada Inc. and its large-scale 2,200,000 sq. ft. greenhouse complex in Delta, BC. The Company is also retrofitting a 51,500-square-foot good manufacturing practice (“GMP”) edibles manufacturing facility in Winnipeg, Manitoba. AgraFlora has a successful record of creating shareholder value and is actively pursuing other opportunities within the cannabis industry. For more information please visit: www.AgraFlora.com.
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