Canada’s largest pharmacy locks up more medical cannabis supply

Canada’s largest pharmacy chain signed up one other main provider of medical marijuana, additional cementing what analysts referred to as the “groundbreaking” entry of conventional pharmacies into the MMJ business earlier this month.

The newest deal has Shoppers Drug Mart getting into an settlement to acquire an undisclosed quantity of medical cannabis from MedReleaf Corp.

MedReleaf, based mostly in Markham and traded on the Toronto Stock Exchange underneath the image LEAF, will supply its branded cannabis merchandise to Shoppers, which is predicted to promote the merchandise by way of its on-line pharmacy — pending approval from Health Canada.

Earlier this month, Aphria signed a deal to supply medical cannabis, together with leaf and oil, for Toronto-based Shoppers.

Lovell Drugs, Ontario’s oldest pharmacy chain, additionally received into the MMJ market by signing an unique cope with Toronto-based Maricann Group.

And CanniMed Therapeutics entered right into a definitive settlement with PharmaChoice to supply medical cannabis merchandise to its 750 pharmacy places throughout Canada.

The offers might breathe recent life into the expansion of the medical marijuana market in Canada, which has seen slowing progress in affected person registrants since late 2016.

Canada recorded its 200,000th affected person in June, up from 75,000 one yr earlier.

Matt Lamers could be reached at [email protected]

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