Canadian firm Aurora Cannabis Inc. introduced yesterday that it’ll start supplying medical hashish to Italy. Aurora Cannabis will export medical marijuana by way of its German-based subsidiary Pedanios GmbH. This new deal might mark an essential improvement, serving to legitimize authorized weed on the worldwide market.
Aurora Cannabis Wins Contract
Aurora Cannabis secured the brand new contract after profitable a two-round software course of. In the primary spherical, all candidates have been put by way of a screening course of. Only corporations that handed have been certified to maneuver on to the second spherical.
Along with the Aurora-owned Pedanios, just one different firm cleared the primary spherical. Ultimately, Pedanios gained the bid.
Under the brand new settlement, Aurora will export hashish first to Pedanios, which is predicated in Germany. From there, it is going to head to the Italian medical marijuana market.
According to a press launch revealed by Aurora Cannabis, the corporate nonetheless must signal the ultimate contracts with the Italian authorities. The firm expects that to occur within the subsequent few days or so.
At this time, it’s unclear when Aurora Cannabis will start exporting medical marijuana to Italy.
Italy Needs More Medical Marijuana
The new association between Aurora Cannabis and Italy is the results of skyrocketing demand in Italy.
Currently, the Italian Ministry of Defence produces the nation’s provide of medical hashish. But the nation has lately seen an enormous improve in demand. So a lot so, the truth is, that the nation determined to search for outdoors companions to assist improve its provide.
As a outcome, Italy introduced an EU-wide public tender course of. After finishing that course of and profitable the contract, Aurora’s European firm Pedanios will now provide hashish on to the Italian Ministry of Defence. The Ministry of Defence will proceed overseeing the manufacturing and distribution of medical marijuana all through Italy.
“I am very proud of Aurora and the Pedanios team for the quality of their execution in becoming the exclusive winner of this important tender,” Neil Belot, Aurora’s Chief Global Business Development Officer, stated within the firm’s press launch.
He additionally stated that the brand new contract will give Aurora “access to one of the largest and most restricted markets in Europe.”
Final Hit: Canada’s Aurora Cannabis Will Supply Medical Marijuana To Italy
With this settlement, Aurora expands its worldwide presence.
The firm is predicated in Canada, the place it presently runs two hashish manufacturing amenities. One is situated in Alberta, and the opposite is in Quebec. The firm can also be constructing two extra amenities in Canada.
With this new deal, Aurora Cannabis has secured footholds in two promising hashish markets: Canada and Italy.
Canada expects to legalize weed later this yr. Canadian Prime Minister Justin Trudeau has set July 1, 2018 because the goal date for making weed authorized within the nation.
Recently, conservative lawmakers tried to stall progress towards that objective. But current reviews recommend that the push for legalization will almost certainly proceed as deliberate. In reality, growers in Canada are already ramping up retail marijuana manufacturing in preparation for the authorized change.
If Canada legalizes weed, it is going to be the second nation to take action. Uruguay is the primary.
Along with Canada, Aurora Cannabis is now set to construct a robust presence in Italy, one other pioneering hashish nation.
Several EU nations, together with Italy, have legalized cannabis-based drugs. Among these nations, Italy has constructed a fame as a pacesetter on hashish points inside the EU.