The largest pharmacy chain in Canada locked up one other main provider of medical marijuana, as drug retailer chains throughout the nation look to safe supply from a restricted variety of producers.
Shoppers Drug Mart will carry Tilray-branded medical cannabis merchandise on the market nationwide via its on-line retailer, together with entire flower, oil and capsules.
The merchandise shall be sourced from Tilray’s present manufacturing facility in Nanaimo, British Columbia.
Financial phrases of the settlement weren’t disclosed.
The deal is topic to Health Canada’s approval of Shoppers Drug Mart’s software to be a licensed producer, which is important in acquiring a gross sales and distribution license.
Aphria, MedRelief, Maricann and CanniMed Therapeutics have additionally signed supply offers with Shoppers, Lovell Drugs and PharmaChoice.
“Involving pharmacies in the medical cannabis system opens up a new avenue for patient access – one that is already familiar to most Canadians,” Tilray CEO Brendan Kennedy informed Marijuana Business Daily.
“Making medical cannabis available in pharmacies also underscores to the world that cannabis is a legitimate medical option for patients in need.”
Tilray expects to proceed promoting medical marijuana utilizing the prevailing direct-to-patient system however stated that distribution by means of on-line pharmacies will assist dissolve lingering stigma.
“It’s a question of patient access, which is crucial in any medical program,” Kennedy stated.
Tilray stated it plans to discover supply preparations with extra pharmacies.
Matt Lamers could be reached at [email protected]
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