Germany to launch home-grown cannabis farming as Aurora, Aphria subsidiaries win contracts
Marijuana Industry News April 20, 2019 MJ Shareholders 0
Germany has depended on imports of medical cannabis, mainly from Canada and the Netherlands
FRANKFURT — Germany has awarded contracts to supply domestically grown cannabis to two Canadian companies, as it seeks to develop its own medicinal marijuana industry and reduce reliance on imports.
Drugs regulator BfArM said on Wednesday it would purchase 4,000 kg and 3,200 kg of cannabis over four years from German production subsidiaries of Canada’s Aurora Cannabis and Aphria, respectively.
Another tender over a four-year harvest of 3200 kg has been delayed because an unidentified bidder who lost out is challenging the procedure with a regulator.
The first home-grown harvest is slated for late 2020, the German drugs watchdog said in its statement, describing the tender as an “important step for the supply of medical-grade cannabis grown in Germany to critically ill patients.”
Aurora shares rose on April 5, when the company announced it was one of the winners in the German production tender, citing preliminary results. [Read More @ Financial Post]
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