Cronos Australia announced today that it has received its first shipment of PEACE NATURALS branded medicinal cannabis oils.
- First shipment of PEACE NATURALS™ branded medicinal cannabis oils (the "Products") from Cronos Group Inc. ("Cronos Group") in Canada has been received
- Pursuant to an agreement with Sigma Company Limited ("Sigma"), Sigma has agreed to distribute, via its network of pharmacies, Products that are prescribed to Australian patients
Cronos Australia Limited (ASX:CAU) announced today that it has received its first shipment of PEACE NATURALS™ branded medicinal cannabis oils. The Products were supplied by Peace Naturals Project Inc., an indirect subsidiary of the Company's major shareholder, Cronos Group. PEACE NATURALS™ branded medicinal cannabis products are currently sold to patients in Canada and Germany.
Pursuant to a Distribution Agreement with Sigma, announced to the ASX on 14 November 2019, certain products, including PEACE NATURALS™ medicinal cannabis oils, that are prescribed to patients under the SAS-B Scheme, or by an Authorised Prescriber, are expected to be distributed by Sigma through its significant nationwide network of retail pharmacies.
"The receipt of the first shipment of PEACE NATURALS™ medicinal cannabis oils by Cronos Australia is an important step to making quality cannabinoid products available to Australian patients, and marks an important milestone in the Company's Australian medicinal cannabis operations" said Rodney Cocks, Cronos Australia Chief Executive Officer.
To learn more about Cronos Group, check out their company HQ here.
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