Allied Enters Into a Strategic Partnership Giving Access to The European Market
October 2, 2019 MJ Shareholders
October 2nd, 2019
KELOWNA, BRITISH COLUMBIA, CANADA – October 2nd, 2019 – Allied Corp. (“Allied”) (OTCQB: ALID), an international medical cannabis company focused on creating and providing targeted cannabinoid health solutions, is pleased to announce it has entered into a strategic partnership, by way of a signed agreement, with Slovenian based PharmaHemp d.o.o to provide superior CBD extract products for Allied’s immediate distribution into the European and Asian markets.
With the addition of this agreement to Allied’s supply chain, Allied now has an end-to-end solution for the development, production, manufacturing, packaging, shipping, distribution and sale of its products globally. This allows the Allied products and brands to gain access to the European and Asian markets. Allied intends to ship product in Q4 2019.
“Having the additional required European licenses and manufacturing capabilities close to the point of sale in place with our partners in Europe, this will allow us to quickly gain market share in Europe and beyond” said CEO of Allied, Calum Hughes. “As we continue to expand our distribution into Europe and globally, this new relationship ensures that we can reach additional markets within our business plan.”
Additional information about Allied Corp. can be found at www.allied.health.
On behalf of the Board,
Chief Executive Officer
About PharmaHemp d.o.o.
PharmaHemp is a private company based in Ljubljana, Slovenia that has been providing superior quality cannabidiol “CBD” extracts since 2011. With fields in carefully selected European micro-locations, PharmaHemp extracts are 100% Organic and are produced using advanced supercritical CO2 fluid extraction technology with third party testing to verify their high quality.
About Allied Corp.
Allied Corp. is an international cannabis company with a mission to help people suffering from Post-Traumatic Stress Disorder (PTSD) by researching, creating and producing targeted cannabinoid health solutions. Allied Corp. uses an evidence-informed scientific approach to make this mission possible, through cutting-edge pharmaceutical research and development, innovative plant-based production and unique development of therapeutic products.
This news release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements relate to future events or future performance. Statements which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, outlook, expectations or intentions regarding the future including words or phrases such as “anticipate”, “become”, “objective”, “may”, “will”, “might”, “should”, “could”, “can”, “intend”, “expect”, “believe”, “estimate”, “predict”, “potential”, “plan”, “is designed to”, “project”, “continue”, or similar expressions suggest future outcomes or the negative thereof or similar variations. Such forward-looking statements include, but are not limited to, that the Company will experience growth and will be able to expand globally. We are also subject to various additional risks as described in our SEC filings at www.SEC.gov.
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About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
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