Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) today announced that its portfolio company TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF) has been issued a Good Manufacturing Practice (“GMP”) certificate in accordance with the rules governing medicinal products in the European Union (“EU”) for its Mississauga, Ontario, Canada facility. According to the update, TerrAscend has also entered into a comprehensive sales and distribution agreement with German pharmaceutical wholesaler iuvo Therapeutics GmbH (“iuvo”). “We applaud TerrAscend for achieving one of the highest and most rigorous levels of quality certification in the world,” Canopy Rivers President Narbe Alexandrian said in the news release. “TerrAscend is now one of select Canadian licensed producers that have been issued EU GMP certificates, and with its new distribution arrangement with iuvo, becomes the first and only cannabis operator with sales in US, Canada, and Europe.”
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About Canopy Rivers
Canopy Rivers is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers works collaboratively with Canopy Growth (TSX: WEED) (NYSE: CGC) to identify strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire ecosystem. For more information, visit the company’s website at www.CanopyRivers.com.
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