TerrAscend Commences Sales to Europe with Very first Health-related Cannabis Shipment to Germany – New Cannabis Ventures

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TORONTO, Aug. 14, 2019 /PRNewswire/ – TerrAscend Corp. (CSE: TEROTCQX: TRSSF) (“TerrAscend” or the “Company”), the very first and only cannabis firm licensed for sales in Canada, the US, and the EU, nowadays announced that it has completed its very first international shipment of dry cannabis flower to its German distribution companion iuvo Therapeutics GmbH (“iuvo”). The shipment was produced from TerrAscend’s EU GMP certified manufacturing facility in Mississauga, Ontario, Canada. As the Business ships further item to Germany in partnership with iuvo, it will continue to expand its footprint in Europe and other international markets. The Business appears forward to offering investors with updates on such expansion activities.

TerrAscend and iuvo, respectively had been granted an Export Permit by Overall health Canada, beneath the Cannabis Act, and an Import Authorization from Germany’s Federal Institute for Drugs and Health-related Devices, following the issuance of the Company’s EU Very good Manufacturing Practice (“GMP”) certificate on April 29, 2019. TerrAscend is 1 of only six corporations with a GMP certified cannabis facility.

It is anticipated that the German cannabis marketplace will produce far more than $five billion in income by 2025. With far more than 30,000 existing health-related cannabis individuals in Germany and upwards of 7,200 kg in annual health-related patient consumption, the TerrAscend-iuvo partnership presents an fascinating chance to fulfill the expanding demands of health-related cannabis individuals in Germany.

“We appear forward to bringing TerrAscend’s good quality items to the German marketplace and operating with a companion who is also focused on patient effectively-getting,” stated Robyn Rabinovich, VP, Cannabis Tactic and Partnerships, “This very first shipment solidifies our partnership with iuvo and will permit for ongoing access to higher good quality health-related cannabis items for German individuals.”

We are pleased to commence our very first shipment to Germany with each other with our companion TerrAscend. In close collaboration we have effectively established a totally EU GMP/GDP licenced provide-chain of our pharmaceuticals. This locations us in a distinctive position to respond to the provide-deficiency inside the EU in the interest of the individuals in have to have.

Daniel Seidi, Director and Co-Founder of iuvo

About TerrAscend

TerrAscend supplies good quality items, brands, and solutions to the international cannabinoid marketplace. As the very first North American Operator (NAO), with scale operations in each Canada and the US, the Business participates in the health-related and legal adult use marketplace across Canada and in numerous US states exactly where cannabis has been legalized for therapeutic or adult use. In addition, TerrAscend will quickly be the very first and only cannabis firm with sales in the US, Canada, and Europe as it has received EU GMP certification for its manufacturing facility in Mississauga, Ontario. TerrAscend lately announced the planned acquisition of Ilera Healthcare, 1 of 5 vertically-integrated cannabis cultivator, processor, and dispensary operators in Pennsylvania. TerrAscend operates a quantity of synergistic organizations, which includes The Apothecarium, an award-winning cannabis dispensary with numerous retail places in California and Nevada Arise Bioscience Inc., a manufacturer and distributor of hemp-derived items Ascendant Laboratories Inc., a biotechnology and licensing firm committed to the continuous improvement of cannabinoid expressing plants Solace RX Inc., a proposed Drug Preparation Premises (DPP) focused on the improvement of novel formulations and delivery types and Valhalla Confections, a manufacturer of premium cannabis-infused edibles.

About iuvo

iuvo Therapeutics GmbH is a pharmaceutical wholesaler with a cannabis particular import and narcotics distribution license in adherence with EU GMP &amp GDP requirements. With a concentrate on patient effectively-getting and good quality assurance, iuvo aims to act as bridging companion amongst international licensed producers and pharmacies in the EU.

Original press release

Published by NCV Newswire

NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate higher good quality content material and information and facts about top cannabis corporations to support our readers filter out the noise and to keep on prime of the most essential cannabis organization news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

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